Computer models for business decisions IV
R J Willis
6 points
* One 2-hour lecture and one 1-hour tutorial per week
*
First, summer semester
* Clayton
Objectives On completion of this subject students should understand the principles, techniques and applications of computer models in business and industry; be able to utilise decision-support systems based upon spreadsheets, project management, Monte Carlo simulation, forecasting, service levels and inventory control and financial modelling; and be able to use personal computer packages to carry out sensitivity analysis on a range of data.
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%
Prescribed texts
Willis R J Business modelling Dept Business Systems, Monash U, 1996
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