Systems Modeling and Simulation (MANE461)
The aim of this course is to give the students a decision tool in order to design and analyze complicated real life systems for which there is no well formulated solution. Emphasis is primarily on applications in the areas of production management through the analysis of respective computer simulation models. Use and misuse of simulation as a decision tool. Simulation methodology and model building. Modeling with a simulation language. Random variate generation. Basic issues in the design, verification and validation of computer simulation models. Statistical analysis of simulation output data. Use of simulation for estimation and comparison of alternatives.