FM12 Explanation of Simulation

FM12 Explanation of Simulation - Brigham & Ehrhardt...

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Explanation of Simulation.txt Explanation of Simulation Before you open the Excel file for simulation analysis, Ch 11 Tool Kit Simulation.xls , you must first install an Excel Add-In. If you try to use the file Ch 11 Tool Kit Simulation.xls before installing this Add-In you will get errors, unexpected dialogue boxes and the simulation will not function. This Add-In provides a set of special functions that generate random variables for the simulation. You can use these new functions exactly like all the other functions that come with Excel. You can even use the Function Wizard to input the formula for the function automatically. The Add-In also provides a simple Tool (which shows up on the Excel Tools menu) for doing the simulation. We have included this Add-In file on the textbook’s CD-ROM and web site. The file is Simtools.xla . The file type, xla , indicates that this file is an Add-In and not a regular worksheet. This Add-In was developed by Professor Roger Myerson at
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FM12 Explanation of Simulation - Brigham & Ehrhardt...

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