EM523 MONTE CARLO SIMULATION FOR OPERATIONS ANALYSIS
| Course Code: | 8660523 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Engineering Management |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Assoc.Prof.Dr. MUSTAFA KEMAL TURAL |
| Offered Semester: | Fall and Spring Semesters. |
Course Objectives
Course Content
Introduction to Monte Carlo simulation. Principles of simulation modeling. The design and analysis of simulation models. Performing Monte Carlo simulations via Excel spreadsheet models. Use of simulation as a decision tool. Monte Carlo simulation applications in the areas of production and service systems. Statistical analysis of simulation input and output data. Case studies.
Course Learning Outcomes
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Have improved awareness of financial aspects, risks and trade-offs associated with the decisions. | ✔ | |||
| 2 | Can effectively solve complex problems in areas related with their background, integrating their non-Industrial Engineering undergraduate educational knowledge with the Engineering Management skills. | ✔ | |||
| 3 | Can integrate their engineering skills with practical business knowledge. | ✔ | |||
| 4 | Appreciate the academic ethics. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution