Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Undergraduate - Unit

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

FacultyFaculty of Business and Economics
OfferedSunway First semester 2010 (Day)
Coordinator(s)Malaysia: Dr Mak Kok Sun


This subject covers computer models of business operations, how they are built, and the way they are used in decision-making. The principles of decision-making under risk and the Monte Carlo simulation method are introduced and applied, together with other quantitative methods, to a range of problems in supply chain management. A training in more advanced aspects of Microsoft Excel is provided with a particular emphasis on the use of Visual Basic for Applications to customise spreadsheet models.


The learning goals associated with this unit are to:

  • expand the understanding of quantitative methods in business
  • enhance analytical skills for problem solving
  • increase computing skills for business modelling with spreadsheets
  • provide a better understanding of common problems in business and the impact of risk.


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

Chief examiner(s)

Mak Kok Sun

Contact hours

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


ETW2410, ETW2420 or ETW2480