Authorised by Academic Registrar, April 1996
Synopsis This subject leads to an understanding of the principles, techniques and applications of computer models in business and industry. Topics covered include computer spreadsheets, project management, Monte Carlo simulation, forecasting, service levels and inventory control, financial modelling and other decision support systems. Each topic is illustrated with a user-friendly computer package for use on a personal computer. Students will be taught to use the computer models to carry out sensitivity analyses to allow a range of different inputs/outputs to be examined.
Assessment Written: 30% + Examination (2 hours): 70%