MS-E2170 - Simulation - Spring 2017

Credits	5 cr
Teaching period	IV
Learning outcomes	Students will learn to identify, model and understand a variety of economic, organizational and socio-technical systems through simulation. After the course, students will recognize principles of systems thinking and are able to apply them to construct a system synamics simulation model for problem solving.
Content	During the course, we will discuss the analysis and control of dynamic system, model building and validation. We will also go through the basics of Vensim-software and present some practical system dynamics applications.
Assessment methods and criteria	Assignments and a project work. At each exercise session, a home assignment is given. The assignments are returned by next week's exercise. The project work is a simulation study conducted by a group of 1 to 3 students.
Study material	Sterman J.D., 2000, Business Dynamics: Systems Thinking and Modeling for a Complex World, McGraw-Hill.
Prerequisites	1st and 2nd year math courses. Basic Matlab skills.
Grading scale	0-5
Lectures	First lecture: Monday, February 20 at 10:15 in room M237.
Exercises	First exercise: Thursday, February 23 at 12:15 in room Y344.
Course Staff and Contact Information	Visiting lecturer Joona Tuovinen (email: firstname.surname@aalto.fi). His reception hours are after lectures and exercises.