ETC2480

Decision models for managers

Mr Lee Gordon-Brown

6 points · Two 1-hour lectures and one 2-hour practice class per week · First semester · Clayton · Prerequisite: ETC1031 · Prohibition: BUS2020

Objectives On completion of this subject the student should have developed some business modelling skills, especially with spreadsheets; be able to formulate and solve straightforward linear programming, transportation, assignment and network problems; possess insights into the rationale of the methods used in solving these problems; have developed the analytical skills to tackle real world problems exhibiting a structure similar to those taught in this subject.

Synopsis Topics include business modelling with spreadsheets; the methodology of business modelling; linear programming; transportation and assignment problems; integer programming network models and project scheduling problems.

Assessment Written (2 assignments [computing and report]): 20% · Tutorial tests: 20% · Examination (2 hours): 60%

Recommended texts

Winston W L and Albright S C Practical management science: Spreadsheet modeling and applications Duxbury, 1997

Back to the 1999 Business and Economics Handbook