Undergraduate - UnitETC3490 - Business simulation

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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

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

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Clayton Second semester 2012 (Day)
Coordinator(s)	Dr Lee Gordon-Brown, Associate Professor Ralph Snyder

Synopsis

Simulation in a business environment including applications to production and inventory control, finance, investment and sales forecasting; discrete time simulation with Microsoft Excel; queuing theory and discrete event simulation with a special purpose computer package; principles of random number generation and statistical validation methods.

Outcomes

The learning goals associated with this unit are to:

provide insights into the potential role of simulation methods in supporting business decision making under risk and uncertainty
develop an understanding of the principles of simulation methods
inculcate an appreciation of the advantages and disadvantages of various simulation methods
develop the ability to recognise business problem types that can be approached using simulation
foster skills needed to build simulation models using computers.

Assessment

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

Chief examiner(s)

Dr Lee Gordon-Brown

Contact hours

4 hours per week

Prerequisites

ETC2470 or ETC2480

Prohibitions

ETC2490