Share with your friends










Submit

Analytics Magazine

Tag "Monte Carlo simulation"

Frontline shipping Solver SDK (Pro and Platform) V2017

Frontline Solvers is now shipping Solver SDK (Pro and Platform) V2017, a new version of its popular software development kit for solving Monte Carlo simulation and conventional and stochastic optimization models.

Read Full Article

Monte Carlo for the masses

    Monte Carlo for the masses

Monte Carlo simulation has been used to model uncertainties since the Manhattan atomic bomb project by blasting randomly generated inputs through mathematical models. Monte Carlo spreadsheet add-ins for personal computers have been available since the mid-1980s, however, it has not been a killer app because it takes specialized training to generate the required random inputs. Actually, a great invention of the 19th century, the light bulb, was never widely adopted because it took specialized training to generate the required electricity (just kidding). Thomas Edison subsequently proposed that experts with generators provide electricity for non-experts with light bulbs, and the result was the power-distribution network.

Read Full Article

Analytics Blog

Electoral College put to the math test


With the campaign two months behind us and the inauguration of Donald Trump two days away, isn’t it time to put the 2016 U.S. presidential election to bed and focus on issues that have yet to be decided? Of course not.


Save



Headlines

Study: Salaries for early career data scientists decrease for first time

Salaries for early career data scientists decreased year over year for the first time in four years as did the percentage of early career data scientists with a Ph.D. while demand for data scientists continued to increase, according to a recently released Burtch Works’ 2017 salary study of data scientists. Salaries for more experienced data scientists generally held steady or increased slightly depending on an individual’s focus area, responsibility and geographic base, according to the report. Read more →

Generous health insurance plans encourage overtreatment, but may not improve health

Offering comprehensive health insurance plans with low deductibles and co-pay in exchange for higher annual premiums seems like a good value for the risk averse, and a profitable product for insurance companies. But according to a forthcoming study in a leading scholarly marketing journal, the INFORMS journal Marketing Science, such plans can encourage individuals with chronic conditions to turn to needlessly expensive treatments that have little impact on their health outcomes. This in turn raises costs for the insurer and future prices for the insured. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

CONFERENCES

2017 INFORMS Healthcare Conference
July 26-28, 2017, Rotterdam, the Netherlands

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.