Excerpt from course description

Business Simulation Analysis


This course offers a comprehensive exploration of business simulation techniques, focusing on their application in uncertain and variable environments. Students will gain hands-on experience with Discrete-Event, Agent-Based, and Monte Carlo simulations, learning to navigate the complexities of business decision-making with computer-based simulation tools.

Course content

  • Fundamentals of different simulation approaches in business decision-making.
  • Techniques and applications of Monte-Carlo simulation.
  • Introduction to and advanced features of the AnyLogic modeling environment.
  • Techniques and applications of Discrete-Event¬†simulation.
  • Techniques and applications of Agent-Based simulation.
  • Methods for calibration, optimization, and managing parameter variations.
  • Exploration of the pedestrian and other specialized libraries within AnyLogic.
  • Practical insights into simulation deployment in professional settings.


This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.