Simulation is one of the most widely used methodologies for modeling and analyzing complex systems and processes. In recent years its use in business applications has increased dramatically due to available and easy-to-use software on increasingly powerful personal computers. Students learn how to design, build, use, and analyze simulation models of business systems and processes using widely available simulation software. The business systems and processes that the class studies are supply chain management (including production and inventory management, and transportation), project management, financial decision making, and others tailored to the background and interests of the class. Prerequisites:
ISMT E-110, or the equivalent, and some background in probability or statistics. An evaluation assignment will be available on the course website. Before registering, students should use it to see if they have the proper background for the course. (4 credits)