ETC2480

Decision models for managers

Mr Lee Gordon-Brown

6 points
* Two 1-hour lectures and one 2-hour practice class per week
* First semester
* Clayton
* Prerequisite: ETC1031 with pass or ETC1032 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

Bonini C and others Quantitative analysis for management 9th edn, Irwin, 1997
Gerloff F Introducing Excel 5 Wiley, 1995