Singapore University of Social Sciences

Quantitative models are essential tools in the success of firms in today’s highly competitive and complex business environment. LOG307 Optimisation and Simulation for Decision-Making emphasises on analysing, developing and solving quantitative models to support decision-making focussing on the supply chain. Two main modelling techniques - optimisation and simulation - will be employed to solve complex business problems. The course also addresses decision-making under uncertainty as well as the fundamentals of metaheuristic algorithms. Spreadsheet will be used to construct and solve the models. Through hands-on exercises and cases, the course will equip students with problem-solving and analytical skills as well as enhance their digital fluency in a data-driven environment.