Hands-On Simulation Modeling with Python: Develop simulation models to get accurate results and enhance decision-making processes
About this ebook
- Learn to create a digital prototype of a real model using hands-on examples
- Evaluate the performance and output of your prototype using simulation modeling techniques
- Understand various statistical and physical simulations to improve systems using Python
Simulation modeling helps you to create digital prototypes of physical models to analyze how they work and predict their performance in the real world. With this comprehensive guide, you'll understand various computational statistical simulations using Python.
Starting with the fundamentals of simulation modeling, you'll understand concepts such as randomness and explore data generating processes, resampling methods, and bootstrapping techniques. You'll then cover key algorithms such as Monte Carlo simulations and Markov decision processes, which are used to develop numerical simulation models, and discover how they can be used to solve real-world problems. As you advance, you'll develop simulation models to help you get accurate results and enhance decision-making processes. Using optimization techniques, you'll learn to modify the performance of a model to improve results and make optimal use of resources. The book will guide you in creating a digital prototype using practical use cases for financial engineering, prototyping project management to improve planning, and simulating physical phenomena using neural networks.
By the end of this book, you'll have learned how to construct and deploy simulation models of your own to overcome real-world challenges.
What you will learn- Gain an overview of the different types of simulation models
- Get to grips with the concepts of randomness and data generation process
- Understand how to work with discrete and continuous distributions
- Work with Monte Carlo simulations to calculate a definite integral
- Find out how to simulate random walks using Markov chains
- Obtain robust estimates of confidence intervals and standard errors of population parameters
- Discover how to use optimization methods in real-life applications
- Run efficient simulations to analyze real-world systems
Hands-On Simulation Modeling with Python is for simulation developers and engineers, model designers, and anyone already familiar with the basic computational methods that are used to study the behavior of systems. This book will help you explore advanced simulation techniques such as Monte Carlo methods, statistical simulations, and much more using Python. Working knowledge of Python programming language is required.
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About the author
Giuseppe Ciaburro holds a PhD in environmental technical physics, along with two master's degrees holds a master's degree in chemical engineering from Universita degli Studi di Napoli Federico II, and a master's degreeand in acoustic and noise control from Seconda Universita degli Studi di Napoli. He works at the Built Environment Control Laboratory - Universita degli Studi della Campania "Luigi Vanvitelli".He has over 15 20 years of work experience in programming, first in the field of combustion and then in acoustics and noise control. His core programming knowledge is in Python and R, and he has extensive experience of working with MATLAB. An expert in acoustics and noise control, Giuseppe has wide experience in teaching professional computer ITC courses (about 15 20 years), dealing with e-learning as an author. He has several publications to his credit: monographs, scientific journals, and thematic conferences. He is currently researching machine learning applications in acoustics and noise control. He was recently included in the world's top 2% scientists list by Stanford University.
