Integrating Monte Carlo Simulation With Other Spreadsheet-Based Modelling Methods To Teach Management Science

The article presents three spreadsheet models, which integrate Monte Carlo approach with other decision support techniques, namely: forecasting methods, queuing theory and optimization. The authors indicate the most important reasons to introduce Monte Carlo approach into teaching process of simulation and spreadsheet engineering to undergraduate and graduate business students. The article concludes with the description of the basic exemplary structure of simulation modelling laboratory course.