J M Betts first semester; R J Willis summer semester
6 points - 3 hours per week - First semester - Clayton
Objectives On completion of this subject students
should understand the principles, techniques and applications of computer
models in business and industry; be able to utilise decision-support systems
based upon spreadsheets, project management, Monte Carlo simulation,
forecasting, service levels and inventory control and financial modelling; and
be able to use personal computer packages to carry out sensitivity analysis on
a range of data.
Synopsis This subject leads to an understanding of the principles,
techniques and applications of computer models in business and industry. Topics
covered include computer spreadsheets, project management, operations research
techniques 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 computer models to carry out sensitivity analyses to allow a
range of different outputs/inputs to be examined.
Assessment Written case study: 30% - Examination (2 hours) 70%. Students must pass the examination in order to pass the subject.
Prescribed texts
Willis R J Business modelling Eruditions Publishing, 1998
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