IND4321

Operations research 1

(ENG)

R Ibrahim

4 points + 22 lectures and 22 support/practice classes + First semester + Caulfield + Prerequisites: ENC3311

Synopsis: Philosophy of OR, analysis and modelling of a system. Simulation as an analysis tool. Systems simulation: the simulation process and business complexity, discrete-event system simulation, queuing models, inventory systems, analysis of simulation data, verification and validation of simulation models, use of simulation languages and computers. Statistical modelling: multiple linear regression, parameter estimation, model assessment, use of residual analysis. Multivariate data analysis.

Assessment: Examination (2 hours): 70% + Assignment and presentation: 30%