6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics include business modelling with spreadsheets and R programming language; the methodology of business modelling; linear programming; primal and dual models; integer programming; transportation; and assignment problems.
Outcomes
The learning goals associated with this unit are to:
- describe business models using concept diagrams and mathematical programming formulations
- understand analytical and algorithmic optimisations applied to real-life business cases
- formulate, solve and interpret business problems with linear programming using graphical methods, Excel Solver, R program, simplex method, and branch and bound algorithms
- implement and analyse duality, sensitivity, transportation, assignment problems, and integer programming.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
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