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.