ISM3424H Honors Business Modeling using Simulation
This course involves the development of high-level models to simulate businesses in that process. The class then progresses to advanced modeling and the analysis of simulations is integrated into the course. The course is designed to introduce students to the general concepts of modeling and computer simulation of real-world business scenarios. The purpose of the course is to provide students with the skills and tools required to accomplish valid business simulations useful for analysis and prediction. The Honors class will take more complex business processes and map them using software modeling simulation and explore process improvements and associated cost reductions. Modeling techniques learned from this class will be expected to be demonstrated in the final capstone class. The Honors version of this course will go beyond the standard course by addressing statistical analysis of output from terminating simulations. This output analysis will accomplish statistical comparisons of model variations called scenarios.
Prerequisites: ISM 4431, ISM 3011C, MAC 2233 or higher level MAC course, OST 2852C, STA 2023 or higher level Statistics course, acceptance into the Honors program and cumulative G.P.A. of 3.5 or higher.
Terms Typically Offered: Fall, Spring, Summer
Showing classes during the Fall 2019 term, which have open seats and are college credit.
Courses not offered for selected criteria.
Textbook information will be available online for each term's courses 45 days prior to the first day of classes for the term.
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