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Gus Greivel; Alexandra Newman; Maxwell Brown; Kelly Eurek – INFORMS Transactions on Education, 2024
Industrial-scale models require considerable setup time; hence, once built, they are used in myriad ways to consider closely related cases. In practice, the code for these models frequently evolves without appropriate notational choices, largely as a result of the lengthy development time of, and the number of individuals contributing to, their…
Descriptors: Models, Best Practices, Mathematical Concepts, Energy
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Mark W. Isken – INFORMS Transactions on Education, 2025
A staple of many spreadsheet-based management science courses is the use of Excel for activities such as model building, sensitivity analysis, goal seeking, and Monte-Carlo simulation. What might those things look like if carried out using Python? We describe a teaching module in which Python is used to do typical Excel-based modeling and…
Descriptors: Spreadsheets, Models, Programming Languages, Monte Carlo Methods