ETW3480

Decision analysis for managers ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Malaysia: Dr Mak Kok Sun

Offered:
Malaysia First semester 2005 (Day)

Synopsis: This subject covers computer models of business operations, how they are built, and the way they are used in decision-making. The principles of decision-making under risk and the Monte Carlo simulation method are introduced and applied, together with other quantitative methods, to a range of problems in supply chain management. A training in more advanced aspects of Microsoft Excel is provided with a particular emphasis on the use of Visual Basic for Applications to customise spreadsheet models.

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

Contact Hours: Two 1-hour lectures and one 2-hour tutorial per week

Prerequisites: at least one of ETW2410, ETW2420, or ETW2480

Prohibitions: BUS2020