BUS1110

Computer models for business decisions

(IT)

L Churilov

6 points + Two 1-hour lectures and one 1-hour tutorial per week + Second semester, Clayton + Second semester, Malaysia + Second semester, South Africa

Synopsis: Computer modelling techniques and their application to business-related problems. Principles and practice of modelling business systems as a support for the decision-making activities of executives. Topics include decision making under uncertainty, Monte Carlo simulation, forecasting, inventory control and project management.

Assessment: Assignments and tests: 20% + Examination: 80% + Students must pass the examination in order to pass the subject.