Modeling and Simulation

This course covers contemporary decision support models of forecasting, optimization and simulation for management. Students will learn how to identify the problem situation, choose the appropriate methods, collect the data and find the solution. The course also covers handling the information and generating alternative decisions based upon operations research optimization, statistical simulation, and systems dynamic forecasting. Computer simulations will be performed on PCs using user-friendly graphical interface with multimedia report generation for visualization and animation. Students will also be trained in management simulations for group decision support.