ETC2490

Business simulation

(BUS)

Associate Professor Ralph Snyder

6 points + Two 1-hour lectures and one 2-hour tutorial/laboratory per week + Second semester + Clayton + Prerequisite: ETC1010 or ETC2010 or ETC1031

Synopsis: Simulation in a business environment including applications to production and inventory control, finance, investment and sales forecasting; discrete time simulation with Microsoft Excel; queuing theory and discrete event simulation with a special purpose computer package; principles of random number generation and statistical validation methods.

Assessment: Written (2 assignments ): 40% + Examination (2 hours): 60%