Optimisation for management
Not available in 1997
7 points
* 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; Markov decision processes; 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
Winston W L Operations research applications and algorithms 2nd edn, PWS-Kent, 1991
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