Ontario Gateway Case Discussion | Massachusetts Institute of Technology - Edubirdie

University:
Massachusetts Institute of Technology
Course:
15.501/516 | Accounting
Academic year:

2023
Views:

257

Pages:

3
Author:

mlinovieac

Class 3 Outline 1. Ontario Gateway • Background • Insurance options • Probability model • Simulation model • Results and discussion 2. Discrete-event Framework Insurance Model • Each insurance policy can be represented graphically by a curve in the plane: Actual Cost to You ? Value of Losses Class 3 Wrap-Up Industrial decision-making is interdisciplinary Contextual knowledge Industrial Problem Operations Finance Accounting Decision Model Methodological skills Probability Optimization Software Implementation Solver Crystal Ball® Simul8®… Output Analysis Decision Sensitivity Analysis Statistics

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