ETC2470 - Applied business modelling

Leader: Associate Professor Ralph Snyder

Offered

Clayton First semester 2007 (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 assignments: 20%
Tests: 10%
Examination (2 hours): 70%

Contact hours

Two 1-hour lectures and one 2-hour tutorial per week

Prerequisites

ETC1010