ETC2470 - Applied business modelling

Leader(s): Associate Professor Ralph Snyder

Offered

Clayton Second semester 2009 (Day)

Synopsis

Computer business models in decision making are the primary focus of this unit. Their potential application in controlling operations and supply chains is explored. Mathematical and statistical methods needed in the construction of business models are examined. An introduction is provided to decision making under risk, Monte Carlo simulation, inventory control, replacement theory, multi-level production systems and supply chains. Computing is undertaken with Microsoft Excel and special purpose add-ins.

Assessment

Within semester assessment: 30%
Examination (2 hours): 70%

Contact hours

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

Prerequisites

ETC1000

Prohibitions

ETC3480