Business Simulation


Course Objective

A practical introduction to the different aspects of simulation. After
this course the student:
- knows in which situations simulation can be used
- can implement simple (Monte Carlo) simulations in Excel and R
- is familiar with the tools to run discrete-event simulations
- can program discrete-event simulations in an appropriate language
- knows how to interpret (statistically) the results
- understands how simulation can be used in an optimization framework

Course Content

During this course we study the different aspects of Monte Carlo
simulation and discrete-event simulation in a coherent way. Subjects
treated are: Modeling of business problems, statistical outcome
analysis, simulation optimisation, software tooling, programming of
simulations in Java.

Teaching Methods

Lectures and Practical sessions

Method of Assessment

Individual assignments. Details can be found in the course manual.


The literature consists of the course slides

Target Audience


General Information

Course Code X_401006
Credits 6 EC
Period P3
Course Level 200
Language of Tuition English
Faculty Faculty of Science
Course Coordinator prof. dr. G.M. Koole
Examiner prof. dr. G.M. Koole
Teaching Staff

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Seminar, Lecture
Target audiences

This course is also available as: