Monash University Handbook 2010 Undergraduate, Postgraduate - Unit

Synopsis

This subject is directed to students with an interest in business analysis and business modelling. It covers tools such as Solver in Microsoft Excel for optimising business decisions. Modelling skills are enhanced from a study of the logic of optimisation and its application to common business problems. Methods covered include linear programming, network programming, integer linear programming, non-linear programming and dynamic programming.

Objectives

The learning goals associated with this unit are to:

• provide an understanding of the theory and techniques of mathematical programming
• enhance business modelling skills for decision making
• make effective use of the mathematical programming tools provided by modern spreadsheet packages, Solvers and matrix generators
• enhance analytical skills and the capacity to attack large business problems and non-standard business problems
• provide sufficient knowledge to be able to read and understand scholarly published work in management science and operations research.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Lee Gordon-Brown

Contact hours

Two 1.5-hour lectures per week

Prerequisites

ETC2480 or equivalent