Business decision methods
Not offered in 1995
Mr Ian O'Connor
6 points * 3 hours per week * First, second semester * Caulfield, Peninsula * Prerequisites: ECM1640 and FIN2171
Objectives On completion of this subject students should be able to: demonstrate an understanding of survey and quantitative techniques for managerial, business and financial decision-making; appreciate the applicability and limitations of the techniques in problem solving.
Synopsis Critical path analysis; sensitivity analysis; linear programming; investment appraisal; queuing theory and simulation; inventory control; Markov analysis, multi-objective programming.
Assessment Assignment (3500 words): 30% * Final examination (3 hours): 70%
Prescribed texts
Lapin LL Quantitative methods for business decisions: With cases 5th edn, Harcourt Brace Jovanovich, 1991