MSA 560 - Optimization and Simulation Models (3 cr.)

This course focuses on formulating and solving mathematical optimization models and building and solving simulation models. First the course discusses how optimization tools are used to find the optimal-or near optimal solutions to constrained optimization problems. This part covers commonly used optimization models in business, namely, linear, integer, mixed-integer, and goal programming problems, with an emphasis on model formulation and construction. The second part of this course introduces the field of computer-based simulation with a focus primarily on discrete-event modeling methods in which the state of the model is dynamic and the state of the model changes only at countable, distinct points in time. Also, the system being modeled is considered as a process, i.e. a sequence of operations being performed across entities. Cases in manufacturing, telecommunications, transportation, military and health care will be used. The models will be analyzed using SAS/OPTMODEL and Simulation Studio software.
Prerequisite(s): MSA500, MSA510.
Semester(s) Offered: Spring