Offered
Clayton First semester 2008 (Day)
Synopsis
Topics include business modelling with spreadsheets; the methodology of business modelling; linear programming; transportation and assignment problems; integer programming; network models and project scheduling problems.
Objectives
The learning objectives of this unit are to:
- describing business models using concept diagrams and mathematical programming formulations;
- formulating, solving and interpreting business problems with linear programming using graphical methods, Excel Solver, duality, sensitivity, and Simplex method;
- formulating, solving and interpreting business problems with integer programming using branch and bound and Excel Solver;
- analysing simple problems using transportation simplex, assignment method, project management networks, and network flow techniques.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour practice class per week
Prerequisites
ETC1010
Prohibitions
BUS2020