Excerpt from course description

Business Simulation Analysis

Introduction

The course objective is to familiarize the students with computer-based simulation methodologies and tools used in business settings characterized by uncertainties. The course will utilise both lectures and exercises.

Course content

The course participants will learn how to model various systems, and study the effect on changes and uncertainties on the system in order to identify bottlenecks and improvements areas. Examples of simulations application areas include inventory and transportation systems, production environment, investments evaluation, queuing systems etc.  The course will focus on modelling and analyzing systems using Discrete Event Simulations and Random event generators (Monte-Carlo simulations). The students will exercise on using simulation tools and on interpreting and presenting the results.

Disclaimer

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.