ETC2480 - Business modelling methods
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Lee Gordon-Brown
Clayton First semester 2009 (Day)
Topics include business modelling with spreadsheets; the methodology of business modelling; linear programming; transportation and assignment problems; integer programming; network models and project scheduling problems.
The learning goals associated with this unit are to:
- describing business models using concept diagrams and mathematical programming formulations
- formulating, solving and interpreting business problems with linear programming using graphical methods, Excel Solver, duality, sensitivity, and Simplex method
- formulating, solving and interpreting business problems with integer programming using branch and bound and Excel Solver
- analysing simple problems using transportation simplex, assignment method, project management networks, and network flow techniques.
Within semester assessment: 40%
Examination (2 hours): 60%
Two 1-hour lectures and one 2-hour practice class per week