6 points, SCA Band 3, 0.125 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Department of Econometrics and Business Statistics
- First semester 2017 (Evening)
This unit complements students' practical understanding of business practices by introducing quantitative techniques in optimisation. Of particular interest are those techniques designed to improve the efficiency and transparency of supply chains, retailing and operations. Topics covered include quantitative techniques for forecasting, waiting lines, process modelling, logistics, resource planning and e-commerce. Students will learn to apply such methods in business settings.
The learning goals associated with this unit are:
- develop business modelling skills and recognise the importance of optimisation techniques in solving business problems
- understand the role of optimisation approaches for dealing with uncertainty in the business environment
- develop basic skills in forecasting for business decisions
- apply optimisation tools to facilitate movement of information and resources through a business process
- recognise the role of online tools in business operation.
Within semester assessment: 60% + Examination: 40%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF5900 or equivalent or MGX5961 or MGX5690.
Master of Applied Econometrics students should not undertake this unit.