Examlex
How did Lou Gerstner, the former CEO of IBM, execute a successful transformation of the company in the early 1990s
Monte Carlo
A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problems.
Chance Behavior
Unpredictable actions or events that occur without a definitive pattern, often analyzed in probability and statistics.
Computerized Model
A digital simulation or representation of a real-world process, system, or concept designed to study its behavior and make predictions.
Mathematical Modeling
The process of creating a mathematical representation of a real-world situation or system to analyze and predict its behavior.
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