Building and validation of stochastic simulation models useful in computing, operations research, engineering and science. Related design and estimation problems. Variance reduction. The implementation and the analysis of the results. [Offered: W,S] Prereq: (One of CS 116, 126/124, 134, 136, 138, 145, SYDE 221/322) and (STAT 230 with a grade of at least 60% or STAT 240) and (STAT 231 or 241); Not open to Computer Science or General Mathematics students. Antireq: CM 361/STAT 341, CS 437, 457.