Monte Carlo Business Modelling:

Students know how to find and structure value drivers of a company. They know how to set up a model to forecast future development of key figures. They can build stochastic models to deal with uncertain future outcomes. Students know how to use Monte Carlo simulation techniques to evaluate various economic issues and how to analyze and visualize the results of a Monte Carlo simulation.

Innovation Control: After studying this module the students are able to plan, implement, monitor and control innovation processes in an agile business environment. The students know the relevant tools and they are able to apply the latter (methodological competence). They can interpret the data which are processed and use it for their decision-making with regard to the innovation process.