Computer models for business decisions
B Nath
6 points
* First semester
* Distance
Objectives On completion of this subject, students will be able to describe various categories of computer models applicable in business and industry; and apply the conceptual understanding of the role of models in the decision making process.
Synopsis Computer spreadsheets, project management, Monte Carlo simulation, customer 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.
Assessment One assignment: 30%
* Examination (2 hours): 70%
Prescribed texts
Willis R J Computer models for business decisions Dept Business Systems, Monash U, 1995
Recommended texts
Thesen A Computer models in operations research Academic Press, 1978
Whitaker D OR on the micro Wiley, 1984
Published by Monash University, Clayton, Victoria
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