Undergraduate - UnitETF2480 - Business modelling

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
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Caulfield Second semester 2013 (Day)
Coordinator(s)	Dr Tissa Galagedera

Synopsis

This is a software-oriented subject intended to provide a working knowledge of decision-making tools and techniques applicable in a business environment. Various optimisation techniques used in managerial decision-making will be introduced. Topics include business modelling with spreadsheets, linear programming models, transportation and assignment models, network models, project planning and scheduling models. Applications in management, marketing, accounting, finance and related fields are emphasised.

Outcomes

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.