Quantitative Management: Simulation

Overview/Description
To introduce risk analysis and simulations as decision-making tools

Target Audience
Analysts and business decision makers seeking competency in the area of quantitative management

Prerequisites
A general understanding of information systems and management principles, along with a grounding in calculus and algebra

Expected Duration
5:00 Hours

Objectives:

Quantitative Management: Simulation

  • To introduce risk analysis as a decision-making tool
  • To formulate a simulation model using a spreadsheet
  • To demonstrate the simulation of an inventory control model
  • To demonstrate simulation of a queuing model
  • To solve an overbooking problem by using simulation


    • Course Number: KQM29SE