Please login here to save this document to a list.
If you don't have an account, you can register for free here.
$39.00
ALL FEES INCLUDED
| Add to Cart |
HIGHLIGHTS
BENEFITS OF DOCUMENT
DOCUMENT DESCRIPTION
Monte Carlo simulation or Monte Carlo study, also MC simulation, is a method from stochastics, in which a very large number of similar random experiments forms the basis. An attempt is made to solve problems that cannot be solved analytically, or can only be solved at great expense, numerically with the help of probability theory.
The law of large numbers is to be seen above all as the basis. The random experiments can either be carried out in real terms – for example by rolling dice – or determined by means of Monte Carlo algorithms. In the latter, seemingly random numbers are calculated to simulate random events, which are also called pseudo-random numbers.
In the context of process optimization and Kanban, Monte Carlo simulation is often used to identify bottlenecks and make predictions in terms of throughput and implementation time, and to agree on service level agreements.
Contents
• Historical Introduction
• How Monte Carlo Simulation Works
• Use of Monte Carlo Simulation in a context of Kanban
Application
This presentation can of course be used as it is offered. It also contains a suggestion for an additional text for the presenter. However, it is recommended to adapt the presentation for one's own needs so that it can be used optimally tailored to the purpose intended by the presenter.
Got a question about the product? Email us at [email protected] or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Kanban, Theory of Constraints PowerPoint Slides: Monte Carlo Simulation PowerPoint (PPTX) Presentation, Slidemaster
ABOUT THE AUTHOR: SLIDEMASTER
Slidemaster is a team of specialists and consultants from the fields of:
• Project Management
• Agility: Scrum / Kanban / DSDM / Lean / Design Thinking / LegoÃ?® Serious PlayÃ?®
• Change Management
• Business Analysis
• Leadership & Management
As such, we often create presentations and documents for trainings, consulting mandates and workshops.
[read more]
We have shared these with each other in the past so that work once done can be used by others. Many presentations have been created as part of projects for top 500 companies, others for small businesses or government organizations.
We have decided to make our products available to other consultants and companies under the brand name "Slidemaster" for a small expense contribution. Some presentations also contains notes on the slides in the file, which can be used for a presentation.
DETAILS
This business document is categorized under the function(s): Governance, Risk, & Compliance Strategy, Marketing, & Sales
It applies to All Industries
File Type: PowerPoint (pptx)
File Size: 35.8 MB
Number of Slides: 36 (includes cover, transition, & marketing slides)
Related Topic(s): Kanban Theory of Constraints
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Terms of usage (for all documents from Slidemaster)
Initial upload date (first version): May 12, 2021
Most recent version published: May 12, 2021
![]() | Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more. To receive this free download, enter your email address below and click the "Email Me" button. |
|
"One of the great discoveries that I have made for my business is the Flevy library of training materials.
As a Lean Transformation Expert, I am always making presentations to clients on a variety of topics: Training, Transformation, Total Productive Maintenance, Culture, Coaching, Tools, Leadership Behavior, etc. Flevy usually has just what I need to make my point. It is well worth the money to purchase these presentations. Sure, I have the knowledge and information to make my point. It is another thing to create a presentation that captures what I want to say. Flevy has saved me countless hours of preparation time that is much better spent with implementation that will actually save money for my clients." – Ed Kemmerling, Senior Lean Transformation Expert at PMG
|
|
"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."
– Chris McCann, Founder at Resilient.World
|
|
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
|
|
"The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."
– Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)
|
|
"As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor the material for specific purposes helped us to make presentations, knowledge sharing, and toolkit development, which formed part of the overall program collateral. While FlevyPro contains resource material that any consultancy, project or delivery firm must have, it is an essential part of a small firm or independent consultant's toolbox."
– Michael Duff, Managing Director at Change Strategy (UK)
|
|
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."
– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
|
|
"FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight – it's like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead."
– Roderick Cameron, Founding Partner at SGFE Ltd
|
|
"As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value."
– David Coloma, Consulting Area Manager at Cynertia Consulting
|
![]() Do You Want to Get Lean?
We've assembled 40 Lean Six Sigma guides: Lean Management, Six Sigma, Strategy Planning, Process, and Change Management.
|
![]() Waste Too Much Time on PowerPoint?
Get our FREE PowerPoint Plugin (Flevy Tools) for creating common business diagrams, from Gantt Charts to Harvey Balls.
|
![]() Do You Run a Consulting Firm?
Learn how to level the playing field with global consulting firms, like McKinsey, BCG, Bain, E&Y, and Accenture.
|
![]() Need Help with PowerPoint or Excel?
Have our highly trained staff create the exact documents you need. We offer PowerPoint and Excel document creation services.
|
© 2012-2023 Copyright. Flevy LLC. All Rights Reserved.