Decision models for managers
6 points
* Two 1-hour lectures and one 2-hour practice class per
week
* First semester
* Clayton
* Prerequisite: ECM1031 with pass
division I or ECM1032 with credit
* Prohibition: BUS2020
Objectives On completion of this subject the student should have developed some business modelling skills, especially with spreadsheets; be able to formulate and solve straightforward linear programming, transportation, assignment and network problems; possess insights into the rationale of the methods used in solving these problems; have developed the analytical skills to tackle real world problems exhibiting a structure similar to those taught in this subject.
Synopsis Topics include business modelling with spreadsheets; the methodology of business modelling; linear programming; transportation and assignment problems; network models and project scheduling problems.
Assessment Written (2 assignments [computing and report]): 20%
*
Tutorial tests: 20%
* Examination (2 hours): 60%
Recommended texts
Bierman H and others Quantitative analysis for business decisions 8th edn, Irwin, 1991
Gerloff F Introducing Excel 5 Wiley, 1995
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