Undergraduate, Postgraduate - UnitETC4480 - Optimization for management

This unit entry is for students who completed this unit in 2013 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 2, 0.125 EFTSL

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Level	Undergraduate, Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Clayton Second semester 2013 (Day)
Coordinator(s)	Dr Lee Gordon-Brown and Associate Professor Ralph Snyder

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.

Outcomes

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: 60%

Chief examiner(s)

Dr Lee Gordon-Brown

Contact hours

3 hours per week

Prerequisites

ETC2480 or equivalent