BUS5570 - Computer models for business decisions

Offered

Clayton First semester 2007 (Day)

Synopsis

This unit aims to develop an understanding of the principles, techniques and applications of computer models in business and industry. Topics include decision trees, project management, discrete-event simulation, forecasting, service levels and inventory control, financial modelling and other decision support systems. Students are also introduced to the modelling of 'real-life' problems using mathematical models, spreadsheets or computer packages, and conduct a sensitivity analysis of these models to the input parameters.

Assessment

Examination (2 hours): 70%
Assignment: 30%
Students must pass the examination in order to pass the unit.

Contact hours

One x 2hour lecture/week, one x 1hour laboratory/week

Prerequisites

Completion of 12 points of postgraduate level Faculty of Information Technology units

Prohibitions

BUS4570, GCO4802, BUS5002