Fundamentals of Simulation. Continuous and discrete in time simulation. Monte Carlo and dynamic simulations. Introduction to System Thinking. Systems with Feedback. Stable, unstable and oscillating systems. System Modeling: Causal Loop Diagrams, Stock and Rate Diagrams, Delays and smoothing. System Dynamics simulation models. Application to production systems, supply chain and project management. Simulation model construction building. Application of Design of Experiments to simulation. Model validation and verification. Output analysis: sampling strategies, variance reduction methods. Sensitivity analysis. Application: terminating and steady state systems, comparison of alternative systems.
Computer-Based Information Systems. Management information requirements, database, decision/information models, presentation models, and design issues. Interface with other components within the business, including marketing.