Clayton Second semester 2008 (Day)
Simulation in a business environment including applications to production and inventory control, finance, investment and sales forecasting; discrete time simulation with Microsoft Excel; queuing theory and discrete event simulation with a special purpose computer package; principles of random number generation and statistical validation methods.
The learning objectives of this unit are to:
Within semester assessment: 40%
Examination (2 hours): 60%
Two 1-hour lectures and one 2-hour tutorial/laboratory per week