Teaching simulation for management students in LMS

Abstract

The aim of the paper is to present the role of modelling and simulation in education of future managers. The text reflects the experience that students can learn better when they solve real practical problems. Some of the managerial problems include stochastic variables, and experiments with these models are known as stochastic simulation. The paper presents and focuses on a decision model for a selection of a mobile phone tariff. Since ICT is widely and effectively used in the process of simulation, the paper also presents particular practical steps how to prepare and how to analyse a selected model in MS Excel. All steps are implemented at LMS system. Based on the described method, the paper formulates several recommendations in the area of the model theory and the decision support teaching that can be used in higher education of managers.