Faculty of Business and Economics

Skip to content | Change text size

print version

Monash University

Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedClayton Second semester 2010 (Day)
Coordinator(s)Associate Professor Ralph Snyder


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. Training is provided in the programming language Visual Basic for Applications to extend the capacities of Microsoft Excel.


The learning goals associated with this unit are to:

  • provide an understanding of the quantitative way of thinking about business problems
  • enhance analytical skills for problem solving
  • increase computing skills for business modelling with spreadsheets
  • provide tools for decision making under risk
  • examine the quantitative dimensions of logistics and supply chain management.


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

Chief examiner(s)

Ralph Snyder

Contact hours

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