MIE360 12 Probability

MIE360 12 Probability - MIE360 Computer Modeling and...

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MIE360 Computer Modeling and Simulation Lecture Notes Daniel Frances © 2010 1 Lecture 12: Moving from Simulation to Queuing Theory Is Simulation the only method for analyzing the types of systems we have been looking at in the labs? There is an analytical approach called Queuing Theory which tries to find the same types of answers. Going from Simulation to Queuing Theory is a bit like going from Statistics to Probability. What is the fundamental difference between these two fields of knowledge? Let’s use Wikipedia. Probability is a way of expressing knowledge or belief that an event will occur or has occurred. The concept has been given an exact mathematical meaning in probability theory, which is used extensively in such areas of study as mathematics, statistics, finance, gambling, science, and philosophy to draw conclusions about the likelihood of potential events and the underlying mechanics of complex systems. Statistics is the science of the collection, organization, and interpretation of data. It deals with all
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MIE360 12 Probability - MIE360 Computer Modeling and...

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