ETW3480

Applied business modelling

(BUS)

Not offered in 2000

6 points + Two 1-hour lectures and one 2-hour tutorial per week + Prerequisite: at least one of ETW2410, ETW2420, or ETW2480 + Prohibition: BUS2020

Synopsis: Principles of decision making under risk, decision trees, common probability distributions in business applications, discrete time Monte Carlo simulation, inventory and production control; more advanced features of Microsoft Excel, including Visual Basic for Applications (VBA).

Assessment: Written (1 assignment): 20% + Weekly exercises: 10% + Examination (2 hours): 70%