Simulation Modeling

Catalog description

This course emphasizes the role of simulation in evaluating the performance of complex systems in an organization. Simulation techniques such as Monte Carlo and Discrete Event will be studied in-depth. Students will be required to use state of the art simulation packages to develop and analyze simulation models. Topics to be covered in the course will include simulation of operations and supply chain, marketing, and financial models. A term project in the course will require students to develop their own simulation model for developing performance measures of a specific system and integrate it with AI for performing sensitivity analysis and report generation. Prerequisite Course(s): Prerequisite: QANT 501, QANT 510, or a waiver