Applied Models and Simulation
This course covers contemporary decision support models of forecasting, optimization and simulation for business activity. Students learn how to identify the problem situation, choose the appropriate methods, collect the data and find the solution. Handling the information and generating of alternative decisions based on operations research optimization, statistical simulation and system dynamic forecasting. Computer simulations will be performed on PCs equipped by user-friendly graphical interface with multimedia reports generation for visualization and animation. Students will also be trained in business game simulations for group decision support.