DESC 626 Simulation Modeling (2)

Computer modeling simulations play a crucial role in all branches of business decision-making. This course systematically explores methodological issues in connection with computer simulations. Special emphasis is put on the relation between models and simulations as well as on the role of computers in the practice of modeling and simulation for decision making. A simulation as used in this course is the execution of a model, represented by a computer program that gives information about the system being investigated. The simulation approach of analyzing a model is opposed to the analytical approach, where the method of analyzing the system is purely theoretical. As this approach is more reliable, the simulation approach gives more flexibility and convenience. The activities of the model consist of events, which are activated at certain points in time and in this way affect the overall state of the system. The points in time that an event is activated are randomized, so no input from outside the system is required.

Grading Basis: Graded