ETF9480 - Business modelling
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Postgraduate Faculty of Business and Economics
Leader(s): Dr Roland Shami
Caulfield Second semester 2009 (Day)
Provides a working knowledge of decision-making tools and techniques applicable to problems arising from business. Various optimisation techniques used in the business decision-making process will be introduced. Includes business modelling with spreadsheets, linear programming models, transportation and assignment models, network models, project-planning and scheduling models. Applications in business, particularly in management, marketing, accounting and finance will be used.
The learning goals associated with this unit are to:
- appreciate the relevance of quantitative analytical techniques in solving business decision problems
- formulate business decision problems as mathematical models and lay out as spreadsheet models
- apply tools available in Microsoft Excel and algorithms to generate solutions and interpret the results
- appraise the solutions through the use of sensitivity analysis
- communicate the analysis and results of business decision problems.
Within semester assessment: 40%
Examination (2 hours): 60%
Two 1-hour lectures and one 1-hour practical/tutorial per week
Students must be enrolled in course codes 3814, 3815, 3816 or 3822 or must have passed ETX1100 or equivalent or permission