ETF3480

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

Leader: Dr Tissa Galagedera

Offered:
Caulfield First semester 2006 (Day)

Synopsis: This unit is designed to develop quantitative problem solving skills. The emphasis is on recognising and identifying decision problems, modelling them and generating solutions to them. Various optimisation techniques used in the business decision-making process will be introduced. Topics include benchmarking with data envelopment analysis, integer programming, inventory control models, decision making under uncertainty, queuing models and simulation modelling. Applications in business, particularly in management, marketing, banking and finance will be used in the demonstration.

Assessment: Written (two assignments): 2 x 15% Mid-semester test: 10% Examination (two hours): 60%

Contact Hours: Two hour lecture and 1 hour computer laboratory class per week.

Prerequisites: ETF2480 or equivalent