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ETW3480 - Decision analysis for managers

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Malaysia: Dr Mak Kok Sun


Malaysia First semester 2007 (Day)


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.


The learning objectives of this unit are to:


Written (1 assignment): 20%
Weekly exercises: 10%
Examination (2 hours): 70%

Contact hours

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


at least one of ETW2410, ETW2420, or ETW2480