Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Postgraduate - Unit

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

FacultyFaculty of Business and Economics
OfferedCaulfield Second semester 2010 (Day)
Coordinator(s)Dr Roland Shami


Provides a working knowledge of decision-making tools and techniques applicable to problems arising from business. Various optimisation techniques used in the business decision-making process will be introduced. Includes business modelling with spreadsheets, linear programming models, transportation and assignment models, network models, project-planning and scheduling models. Applications in business, particularly in management, marketing, accounting and finance will be used.


The learning goals associated with this unit are to:

  • appreciate the relevance of quantitative analytical techniques in solving business decision problems
  • formulate business decision problems as mathematical models and lay out as spreadsheet models
  • apply tools available in Microsoft Excel and algorithms to generate solutions and interpret the results
  • appraise the solutions through the use of sensitivity analysis
  • communicate the analysis and results of business decision problems.


Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Tissa Galagedera

Contact hours

Two 1-hour lectures and one 1-hour practical/tutorial per week


Students must be enrolled in course codes 3814, 3815, 3816 or 3822 or must have passed ETX1100 or equivalent or permission