Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. describing business models using concept diagrams and mathematical programming formulations
2. formulating, solving and interpreting business problems with linear programming using graphical methods, Excel Solver, duality, sensitivity, and Simplex method
3. formulating, solving and interpreting business problems with integer programming using branch and bound and Excel Solver
4. analysing simple problems using transportation simplex, assignment method, project management networks, and network flow techniques.

Assessment

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

Chief examiner(s)

Lee Gordon-Brown

Contact hours

4 hours per week

Prerequisites

ETC1000

Prohibitions

BUS2020, ETF2480, ETW2480