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A Modern Simulation Course for Business Students

Author

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  • H. Brian Hwarng

    (Department of Decision Sciences, National University of Singapore, FBA 1, 15 Law Link, Singapore 117591)

Abstract

Simulation was often neglected in undergraduate business curricula for two reasons: (1) simulation was traditionally taught and used in engineering disciplines, and (2) business students lacked training in computer programming and quantitative skills. Powerful microcomputers and user-friendly simulation software have brought about new prospects for simulation modeling. To meet the needs of the modern business world, business schools should widely teach simulation modeling and analysis. I developed an intermediate simulation course at the National University of Singapore for upper-level-undergraduate or graduate business students. Early in the course, migrating from general-purpose spreadsheet modeling to special-purpose simulation modeling is a key step. Modeling real-world problems through team projects is the climax of the course. My rigorous and practical approach proves that students with no simulation or computer-programming background can handle even an intermediate course.

Suggested Citation

  • H. Brian Hwarng, 2001. "A Modern Simulation Course for Business Students," Interfaces, INFORMS, vol. 31(3), pages 66-75, June.
  • Handle: RePEc:inm:orinte:v:31:y:2001:i:3:p:66-75
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    File URL: http://dx.doi.org/10.1287/inte.31.3.66.9631
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    References listed on IDEAS

    as
    1. Stephen G. Powell, 1997. "The Teachers' Forum: From Intelligent Consumer to Active Modeler, Two MBA Success Stories," Interfaces, INFORMS, vol. 27(3), pages 88-98, June.
    2. Wayne L. Winston, 1996. "The Teachers' Forum: Management Science with Spreadsheets for MBAs at Indiana University," Interfaces, INFORMS, vol. 26(2), pages 105-111, April.
    3. Robert R. Trippi, 1996. "The AIM Game: Learning Investment Management Principles through Monte Carlo Simulation," Interfaces, INFORMS, vol. 26(3), pages 66-76, June.
    4. Robert L. Carraway & Dana R. Clyman, 1997. "Managerial Relevance: The Key to Survival for OR/MS," Interfaces, INFORMS, vol. 27(6), pages 115-130, December.
    5. Chiang Kao & Quey-Jen Yeh & Yao-Chuan Tsai, 1997. "Teaching Undergraduate Operations Research in Some of the Business Schools in Asia," Interfaces, INFORMS, vol. 27(5), pages 93-103, October.
    6. Gamini Gunawardane, 1991. "Trends in Teaching Management Science in Undergraduate Business Programs," Interfaces, INFORMS, vol. 21(5), pages 16-21, October.
    7. Stephen G. Powell, 1998. "The Teachers' Forum: Requiem for the Management Science Course?," Interfaces, INFORMS, vol. 28(2), pages 111-117, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    PROFESSIONAL—OR/MS EDUCATION; SIMULATION;

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