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Advanced simulation topics with an emphasis on optimisation under uncertainty. Uniform and non-uniform random variate generation, input distribution selection, output analysis, variance reduction. Simulation-based optimisation and stochastic programming. Two-stage and multi-stage programs with recourse. Modelling risk. Decomposition algorithms. Scenario construction and solution validation.

Advanced simulation topics with an emphasis on optimisation under uncertainty. Uniform and non-uniform random variate generation, input distribution selection, output analysis, variance reduction. Simulation-based optimisation and stochastic programming. Two-stage and multi-stage programs with recourse. Modelling risk. Decomposition algorithms. Scenario construction and solution validation.

Advanced simulation topics with an emphasis on optimisation under uncertainty. Uniform and non-uniform random variate generation, input distribution selection, output analysis, variance reduction. Simulation-based optimisation and stochastic programming. Two-stage and multi-stage programs with recourse. Modelling risk. Decomposition algorithms. Scenario construction and solution validation.

Advanced simulation topics with an emphasis on optimisation under uncertainty. Uniform and non-uniform random variate generation, input distribution selection, output analysis, variance reduction. Simulation-based optimisation and stochastic programming. Two-stage and multi-stage programs with recourse. Modelling risk. Decomposition algorithms. Scenario construction and solution validation.