FIT2017 - Computer models for decision making

Offered

Clayton First semester 2007 (Day)
Clayton Second semester 2007 (Day)
Clayton Winter semester 2007 (Day)

Synopsis

This unit utilizes the general principles of decision support discussed in FIT2011 (Decision Support Systems Fundamentals) for the creation of interactive computer models for solving complex decision making problems. The objective of this unit is to introduce students to the quantitative modelling techniques commonly used in decision making and the application of IT tools to real-world decision making situations. Techniques covered typically include decision making under uncertainty, linear and nonlinear programming, sequential decision making, forecasting, and simulation. The unit includes extensive use of advanced modelling tools available in Microsoft Excel and some VBA programming.

Assessment

Examination 60%. Assignments, class tests and laboratory exercises : 40%. Students must pass the examination in order to pass the unit.

Contact hours

4 hours per week

Prerequisites

BUS1100 or ETC1000 or FIT1006

Prohibitions

ETC2480, ETC3480, ETC4348, ETF2480, ETF9480, GCO2802, BUS1110