Optimisation for Management
Associate Professor Ralph Snyder, Dr R Sridharan, Mr Ken Richardson
Two 1.5 hour lectures per week * Second semester * Clayton * Prerequisite: ECM2480 or ECM3480 or their equivalent
Objectives On completion of this subject students should have an understanding of the theory and techniques of mathematical programming for business and economic modelling; be able to make effective use of the mathematical programming facilities provided by modern spreadsheet packages; have enhanced analytical skills and the capacity to attack non-standard problems; possess sufficient knowledge to be able to read and understand scholarly published work in this area.
Synopsis Linear programming, network programming, integer linear programming; applications to production and distribution management, marketing, accounting and finance, health care, economics and econometrics.
Assessment Written (assignments and exercises): 30% * Examination (2 hours): 70%
Prescribed texts
Winston WL Operations research applications and algoriths 2nd edn, PWS-Kent, 1991