units

ETC2480

Faculty of Business and Economics

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Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL

LevelUndergraduate
FacultyFaculty of Business and Economics
OfferedClayton First semester 2010 (Day)
Coordinator(s)Dr Lee Gordon-Brown

Synopsis

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.

Objectives

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.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Lee Gordon-Brown

Contact hours

Two 1-hour lectures and one 2-hour practice class per week

Prerequisites

ETC1000

Prohibitions

BUS2020, ETF2480, ETW2480