Browse Hierarchy BUS366: Business Simulation

Back to LS-BUSM-BUSM: School of Business and Management
The module will provide an introduction to business simulation that is used to aid decision making in complex and uncertain environments. The module will establish fundamental knowledge about and technical proficiency in a number of simulation techniques. Together with the advance of computational, statistical, and mathematical techniques, the efficient use of quantitative methods has become a vital instrument to achieve competitive advantage in the contemporary international business environment. In this module, we will introduce several simulation techniques, including Monte Carlo simulation, discrete-event simulation, and agent-based modeling that will equip the students with a suite of simulation modeling techniques to be applied to managerial problems encountered in practice. The module will help developing technical proficiency in computer programming using software such as Python.

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