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Monte Carlo Simulation (PowerPoint PPTX)

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HIGHLIGHTS

Author: Slidemaster

Immediate, digital download

File Type: 36-slide PowerPoint presentation (PPTX)

BENEFITS OF DOCUMENT

Introduction to the theory of Monte Carlo simulation
Understanding of the basic concepts of probability
Visualization of the Theory of Constraints on the Kanban Board

DOCUMENT DESCRIPTION

This product (Monte Carlo Simulation) is a 36-slide PowerPoint presentation (PPTX), which you can download immediately upon purchase.

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?Â® Serious PlayÃ?Â®
• Change Management
• Business Analysis
• Leadership & Management

As such, we often create presentations and documents for trainings, consulting mandates and workshops. [read more]

Slidemaster has published 3 additional documents on Flevy.

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

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