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College of BusinessModeling & Simulation

Modeling and Simulation (M&S) techniques have been employed in the business and public sectors for over 60 years, often under names such as "operations research", "decision sciences", "quantitative analysis", and others. The literature of many business and social science disciplines is rich with both practical and theoretical usage of simulation and other modeling techniques.Recent developments in simulation, such as agent-based simulation and virtual worlds, open even more avenues for M&S applicability.

The College of Business and Public Administration (CBPA) is an active participant in Old Dominion's Modeling and Simulation initiative.The College has several faculty, from various disciplines, that engage in M&S research and teaching.The CBPA offers a Graduate Certificate in Business Modeling and Simulation to provide graduate students an opportunity to develop competency in Business Modeling and Simulation.

Examples of M&S Activities in the CBPA

  • Discrete event simulation
  • Agent-based simulation
  • Optimization modeling & mathematical programming
  • Statistical modeling
  • Econometric modeling
  • Forecasting
  • Queuing (waiting line) modeling & analysis
  • Production, service, & inventory modeling
  • Supply-chain modeling
  • Transportation & logistics modeling
  • Quality control
  • Financial modeling
  • Market research & consumer behavior modeling
  • Risk modeling & analysis

Examples of M&S Activities in the CBPA

  • Dean C. Chatfield, Ph.D.(Director of CBPA Graduate Certificate in Business M&S)
    Assistant Professor, Department of Information Technology and Decision Sciences
    Research Areas: Business and Supply Chain Modeling, Decision Support Systems, M&S Fundamentals, Agent-Based Simulation
    dchatfie@odu.edu
  • Ali Ardalan, Ph.D.
    Professor, Department of Information Technology and Decision Sciences
    Research Areas:Queuing, Production Systems
    aardalan@odu.edu
  • Christopher Colburn, Ph.D.
    Associate Professor, Department of Economics
    Research Area: Econometric Modeling
    ccolburn@odu.edu
  • David P. Cook, Ph.D.
    Associate Professor, Department of Information Technology and Decision Sciences
    Research Areas: Operations and Services Management, Quality Control
    dcook@odu.edu
  • Larry H. Filer, Ph.D.
    Associate Professor, Department of Economics
    Research Areas: Macroeconomic Modeling and Forecasting, Bootstrap Methods, Computable General Equilibrium Models
    lfiler@odu.edu
  • William Judge, Ph.D.
    Professor & E.V. Williams Chair of Strategic Leadership, Department of Management
    Research Areas:Management Education Simulation, Corporate Governance
    WJudge@odu.edu
  • Ling Li, Ph.D.
    Professor, Department of Information Technology and Decision Sciences
    Research Areas:Supply Chain Management, Operations Management
    lli@odu.edu
  • Mohammad Najand, Ph.D.
    Professor, Department of Finance
    Research Areas: Forecasting Economic Activities, Modeling Volatility in Financial Markets
    mnajand@odu.edu
    www.odu.edu/forecasting
  • Marek Wermus, Ph.D.
    Associate Professor, Department of Information Technology and Decision Sciences
    Research Areas:Optimization Modeling
    mwermus@odu.edu
  • Harris Wu, Ph.D.
    Assistant Professor, Department of Information Technology and Decision Sciences
    Research Areas: Knowledge Management, Software Engineering, Information Economics and Agent-based Modeling
    hwu@odu.edu

Some Business M&S Courses

  • BNAL 476/576 Simulation Modeling and Analysis of Business Systems
  • BNAL 507 Management Science
  • BNAL 641 Electronic Supply Chain Management
  • BNAL 712 Advanced Statistical Models in Business Research
  • BNAL 721/821 Simulation Modeling for Business Systems
  • BNAL 722/822 Agent Based Simulation
  • ECON 625 Mathematical Economics
  • ECON 706/806 Econometrics I
  • ECON 707/807 Econometrics II
  • ECON 708/808 Econometrics III
  • IT 612 Knowledge Based Systems
  • IT 651 Data Warehousing and Mining
  • IT 652 On-Line Analytical Processing (OLAP)
  • FIN 735/835 Portfolio Analysis
  • FIN 740 Futures and Options
  • MSCM 641 Supply Chain Management and Logistics
  • MKTG 625 Market Research Methods and Analysis
  • OPMT 624 Managing Services