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ETF5480 - Optimisation for managers

6 points, SCA Band 2, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader: Dr Tissa Galagedera


Caulfield First semester 2007 (Day)


This unit is designed to develop quantitative problem solving skills. The emphasis is on recognising and identifying, modelling and solving problems arising in business-decision. 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.


The learning goals associated with this unit are to:


Written assignment: 25% Mid-semester test: 15% Examination (two hours): 60%

Contact hours

Two-hour lecture and one-hour computer laboratory class per week.