BUSSCM 1775 - SIMULATION

Minimum Credits: 3
Maximum Credits: 3
The purpose of the course is to provide an introduction to the concepts, methodologies, and particularly the applications of simulation in operations management, finance, and marketing. The advantage of simulation lies in its ability to model any appropriate assumptions about a problem or system. It is the most flexible tool available for understanding the problems and for generating better and quick results. The application includes queuing, capacity planning, factory operation, corporate financial planning, bidding, and market share. We use special-purpose simulation language and spreadsheet add-in software as the principal means to illustrate simulation models and computational issues. Through considerable hands-on experience-based learning, students learn practical decision-making and problem-solving techniques by example.
Academic Career: Undergraduate
Course Component: Lecture
Grade Component: Letter Grade
Course Requirements: PREQ: STAT 1100 and BUSQOM 0050; PLAN: Accounting, Finance, General Management, Global Management, Marketing, Business Information Systems, Human Resources Management, Supply Chain Management, Undeclared CBA majors

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