This course covers analysis of stochastic business systems. It has two main parts. The first part introduces the basic queuing theory including exponential models, queuing networks, M/G/1 systems, and multi-server queues. In the second part, discrete event simulation will be covered. The topics include conceptual modeling; data requirements and gathering techniques; simulation modeling using a simulation software (i.e., Arena Simulation Software); and model validation & verification. The students are expected to perform one complete simulation study for a significant business problem.
Course ID: MIS-610
| Credit hours | Theory | Practical | Laboratory | Lecture | Studio | Contact hours | Pre-requisite | 3 | - | MIS-603 |
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Published on: 18 May 2022
Last update on: 18 May 2022
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