MONASH UNIVERSITY FACULTY HANDBOOKS

Business & Economics Handbook 1996

Published by Monash University
Clayton, Victoria 3168, Australia

Authorised by Academic Registrar, April 1996


ECM4480

Optimisation for management

Associate Professor Ralph Snyder, and Mr Ken Richardson

Two 1.5 hour lectures per week + Second semester + Clayton + Prerequisite: ECM2480 or ECM3480 or their equivalent

Objectives On completion of this subject students should have an understanding of the theory and techniques of mathematical programming for business and economic modelling; be able to make effective use of the mathematical programming facilities provided by modern spreadsheet packages; have enhanced analytical skills and the capacity to attack non-standard problems; possess sufficient knowledge to be able to read and understand scholarly published work in this area.

Synopsis Linear programming, network programming, integer linear programming; applications to production and distribution management, marketing, accounting and finance, health care, economics and econometrics.

Assessment Written (assignments and exercises): 30% + Examination (2 hours): 70%

Prescribed texts


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