Enrolment options

30E00400 - Simulation D, Lecture, 2.9.2024-18.10.2024

Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

Students learn
- to analyze and develop business models for digital and service business
- quantitative modeling using simulation techniques which can be used to support management decision making in digital  and service businesses, in finance, in operations management, and in logistics etc.;
- to develop their expertise in using simulation models with computers and related software, especially Excel;
- to analyze results and making decisions through assigned homework exercises and case analyses; and
- to design research.

Credits: 6

Schedule: 02.09.2024 - 18.10.2024

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Tomi Seppälä

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    Introduction to simulation models, simulation with computers, random numbers, probability distributions, methods to simulate random events, managerial applications of risk analysis, probability theory, stochastic processes, Random walk models, multivariate distributions, inventory simulation, service system simulation, forecasting

Assessment Methods and Criteria

  • valid for whole curriculum period:

    Exam
    Assignments

Workload

  • valid for whole curriculum period:

    Contact teaching 
    Independent work 
    Exam

DETAILS

Study Material

  • valid for whole curriculum period:

    1. Evans, J.R. & Olson, D.L. (2002) Introduction to simulation and risk analysis (selected parts)
    2. Ross, Sheldon M. (2006) Simulation (selected parts);
    3. Vose, D. (2000) Risk analysis: a quantitative guide (additional readings)

Substitutes for Courses
Prerequisites

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language: English

    Teaching Period: 2024-2025 Autumn I
    2025-2026 No teaching

    Registration:

    There is a maximum number of students on the course. Priority is given to: 1) Aalto ISM and BA MSc students 2) Other students

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof

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