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Class 3 Outline
1. Ontario Gateway
• Background
• Insurance options
• Probability model
• Simulation model
• Results and discussion
2. Discrete-event Framework
Jérémie Gallien
Insurance Model
• Each insurance policy can be represented
graphically by a curve in the plane:
Actual Cost
to You
?
Value of Losses
Jérémie Gallien
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
Jérémie Gallien
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