Supply Chain Risk Analysis (3) Business processes are modeled as a network of queues using discrete-event simulation and analyzed model outcomes using statistical methods.
SCM 456 Simulation Models of Business Processes (3)
Students will learn to build models using commercial-grade simulation software. The course objective is to teach the methods and best practice of conducting simulation experiments, but this can only be realized within the context of a fully functional modeling tool. [Our traditional choice is ARENA, from Systems Modeling Corp., but other products are feasible.] Students learn to build models of processes typical in business operations, trace their step by step function, measure performance of the system, and predict the impact of proposed changes in the system. Simulation is a long-standing method in management science that has broad applicability.
Students will complete two examinations, regular homework assignments, and an applied project. The concepts in this course build upon one another. Early homework assignments and in-class lab exercises permit the instructor to insure mastery of the principles of the course. Students work in pairs to collect and analyze data about a real system as the basis for their final project.
SCM 456 is one of three courses (MS&IS 427, 455, or SCM 456) that students can select to complete requirements for the Management Science and Information Systems major and it is an optional course in the Operation and Information Systems Management curriculum.
Note : Class size, frequency of offering, and evaluation methods will vary by location and instructor. For these details check the specific course syllabus.