Business decision methods
Dr Peter Pope
6 points
* 3 hours per week
* First, second semester
* Caulfield
* Prerequisites: ECN1640 and FIN2171
Objectives On completion of this subject students should be able to demonstrate an understanding of survey and quantitative techniques for managerial, business and financial decision-making; appreciate the applicability and limitations of the techniques in problem solving.
Synopsis Critical path analysis; sensitivity analysis; linear programming; investment appraisal; queuing theory and simulation; inventory control; Markov analysis, multi-objective programming.
Assessment Assignment (3500 words): 30%
* Examination (3 hours):
70%
Prescribed texts
Lapin L L Quantitative methods for business decisions: with cases 5th edn, Harcourt Brace Jovanovich, 1991
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