Business simulation games

Semester
6.
ECTS credits
3 ECTS
Head professor

Goal

To provide students with knowledge about simulation modeling and the application of business simulation games. Through the course, students will gain practical experience in making strategic and operational business decisions using simulations. Specific competencies are developed within the framework of seminar classes through which students will learn to develop simpler management simulation games using the system dynamics method and take on the role of a manager in various business scenarios and face the challenges of making decisions in real time.

Additional info
  1. Introduction to simulation modeling and simulation games. What are simulations and simulation games. Advantages of using simulation games in business. Types of simulation games.
  2. Characteristics of simulation games. Elements of simulation games. Design and development of simulation games. Use of simulation software. Validation and verification of simulation models.
  3. The use of simulation games in specific business activities. Supply chain management. Financial modeling. Marketing and sales. Resource management.
  4. Development of managerial simulation games using the method of system dynamics. Introduction to system dynamics. Modeling of business processes using the method of system dynamics. Development of simulation games using tools for system dynamics.
  5. Evaluation of business simulation games. Criteria for evaluating simulation games. Measuring the effectiveness of simulation games.
  6. Ethics of simulation games. Ethical aspects of using simulation games in business.
  7. The future of simulation games in business. Trends in the development of simulation games. The role of artificial intelligence and machine learning in simulation games. Virtual and augmented reality in simulation games.
There are no listed course associates.
Lectures: 30
Seminars: 0
Exercises: 0
  1. Students will be able to define the key concepts of simulation modeling and simulation games in business.
  2. Students will be able to describe the process of designing and developing simulation games, including planning, defining goals, selecting tools and technologies, and testing.
  3. Students will be able to analyze and interpret data to make informed business decisions based on simulation results.
Merlin e-learning system
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