ETC2480 - Business modelling methods

Leader(s): Dr Lee Gordon-Brown

Offered

Clayton First semester 2009 (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 goals associated with 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

ETC1000

Prohibitions

BUS2020, ETF2480, ETW2480