Computer models for business decisions
Professor Rob Willis
6 points * One 3-hour session per week (except Summer) * First, summer semester * Clayton
Synopsis The aim of the subject is to provide an understanding of the principles, techniques and applications of computer models in business and industry. Topics covered include computer spreadsheets, project management, Monte Carlo simulation, forecasting, service levels and inventory control, financial modelling and other decision support systems. Each topic is illustrated with a user-friendly computer package for use on a personal computer. Students will be taught to use the computer models to carry out sensitivity analyses to allow a range of different inputs/outputs to be examined.
Assessment (First semester) One 2000-word assignment plus figures and graphs: 30% * Examination (2 hours): 70%
Assessment (Second semester) Three 6000-word assignments: 100%
Prescribed texts
Willis R J Computer models for business decisions Project Software, 1994