This module introduces students to the fundamentals of business systems simulation and modeling, a powerful approach for analyzing and improving business processes and decision-making. Students will learn to model dynamic business environments using simulation techniques such as discrete-event, continuous, and agent-based modeling. Through real-world case studies and hands-on practice using simulation tools like Arena, Simul8, and AnyLogic, learners will develop analytical skills to evaluate system behavior, optimize performance, and support data-driven decision-making in business contexts.
Learning Outcomes:
By the end of this module, students will be able to:
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Explain the principles of business systems and the role of simulation in supporting effective decision-making.
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Develop conceptual and computational models of business processes using industry-standard simulation tools.
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Analyze simulation outputs to interpret system behavior, identify bottlenecks, and evaluate performance improvements.
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Design and present simulation-driven solutions to real-world business problems.
- Teacher: Kundan Kumar