ETC4480

Optimization for management (6 points)

(BUS)

Leader: Dr Lee Gordon-Brown and Associate Professor Ralph Snyder

Offered:
Clayton Second semester 2004 (Day)

Synopsis: This subject is directed to students with an interest in business analysis and business modelling. It covers tools such as Solver in Microsoft Excel for optimising business decisions. Modelling skills are enhanced from a study of the logic of optimisation and its application to common business problems. Methods covered include linear programming, network programming, integer linear programming, non-linear programming and dynamic programming.

Assessment: Written (assignments and exercises): 40% + Examination (3 hours): 60%

Contact Hours: Two 1.5-hour lectures per week

Prerequisites: ETC2480 or ETC3480 or their equivalent