ETC4480 - Optimization for management

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

Offered

Clayton Second semester 2007 (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