Simulation book cover


The 5th edition of Ross’s Simulation continues to introduce aspiring and practicing actuaries, engineers, computer scientists and others to the practical aspects of constructing computerized simulation studies to analyze and interpret real phenomena. Readers learn to apply results of these analyses to problems in a wide variety of fields to obtain effective, accurate solutions and make predictions about future outcomes.

This latest edition features all-new material on variance reduction, including control variables and their use in estimating the expected return at blackjack and their relation to regression analysis. Additionally, the 5th edition expands on Markov chain monte carlo methods, and offers unique information on the alias method for generating discrete random variables.

By explaining how a computer can be used to generate random numbers and how to use these random numbers to generate the behavior of a stochastic model over time, Ross’s Simulation, 5th edition presents the statistics needed to analyze simulated data as well as that needed for validating the simulation model.


Senior/graduate level students taking a course in Simulation, found in many different departments, including: Computer Science, Industrial Engineering, Operations Research, Statistics, Mathematics, Electrical Engineering, and Quantitative Business Analysis.

Hardbound, 328 Pages

Published: October 2012

Imprint: Academic Press

ISBN: 978-0-12-415825-2


  • "I have always liked Ross’ books, as he is simultaneously mathematically rigorous and very interested in applications. The biggest strength I see is the rare combination of mathematical rigor and illustration of how the mathematical methodologies are applied in practice. Books with practical perspective are rarely this rigourous and mathematically detailed. I also like the variety of exercises, which are quite challenging and demanding excellence from students."
    --Prof. Krzysztof Ostaszewski, Illinois State University.



  • Preface
    Chapter 1 - Introduction
    Chapter 2 - Elements of Probability
    Chapter 3 - Random Numbers
    Chapter 4 - Generating Discrete Random Variables
    Chapter 5 - Generating Continuous Random Variables
    Chapter 6 - The Multivariate Normal Distribution and Copulas
    Chapter 7 - The Discrete Event Simulation Approach
    Chapter 8 - Statistical Analysis of Simulated Data
    Chapter 9 - Variance Reduction Techniques
    Chapter 10 - Additional Variance Reduction Techniques
    Chapter 11 - Statistical Validation Techniques
    Chapter 12 - Markov Chain Monte Carlo Methods


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