Authorised by Academic Registrar, April 1996
Objectives At the completion of this subject students should understand some of the more commonly used computer modelling techniques used in business and industry and be familiar with the application of these techniques to business-related problems using a variety of applications software and other computer tools.
Synopsis This subject is designed to give students an understanding of some of the more commonly used computer modelling techniques used in business and industry; to give students familiarity with the application of these techniques to business-related problems using a variety of applications software and other computer tools. This subject examines the principles and practice of modelling business systems as a support for the decision-making activities of executives. The topics include decision making under uncertainty, Monte Carlo simulation, forecasting, inventory control and project management.
Assessment Assignments and tests: 20% + Examination: 80%