Learn everything about Analytics

Risk Simulation and Queuing – Statistics.Com

0-6 Month Online
Intermediate 6-May-2016
Online Business Analytics
Online Self Paced 1143


[su_tab title = “Description”]

This online course, “Risk Simulation and Queuing” covers three important modeling techniques.

Students will learn how to construct and implement simulation models to model

  • The uncertainty in decision input variables (e.g. price, demand, etc.), so that the overall estimate of interest from a model can be supplemented by a risk interval of possible other outcomes (risk simulation), and
  • The variability in arrivals over time (customers, cars at a toll plaza, data packets, etc.) and ensuing queues (queuing theory). Students will also learn how to employ decision trees to incorporate information derived from models to actually make optimal decisions. Students will use spreadsheet-based software to specify and implement models.


[su_tab title = “Program Structure”]

Course Program:

  • WEEK 1: Risk Analysis
  • WEEK 2: Advanced Simulation
  • WEEK 3: Queuing
  • WEEK 4: Multistage Decision Problems

Important Date:

May 06, 2016 to June 03, 2016


4 Weeks

Time Requirement:

About 15 hours per week, at times of  your choosing.


INR – 37,740 (assuming $ = INR 60 )

Part Time/Full Time:

Part Time


[su_tab title = “Eligibility”]


Risk managers, financial analysts, project managers, operations managers, and others with responsibility for specifying, creating, deploying or interpreting risk analysis and queuing models.  Users of risk analysis or queuing software who need to attain a more solid grounding in the subject.


[su_tab title =”Tools”]

  • Excel


[su_tab title = “Faculty”]

  • Cliff Ragsdale


[su_tab title = “Contact”]

Name :
Email :
Contact Number :
Message :
Code :



This article is quite old and you might not get a prompt response from the author. We request you to post this comment on Analytics Vidhya's Discussion portal to get your queries resolved