units

FIT4022

Faculty of Information Technology

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Monash University Handbook 2010 Undergraduate, Postgraduate - Unit

6 points, SCA Band 2, 0.125 EFTSL

LevelUndergraduate, Postgraduate
FacultyFaculty of Information Technology
OfferedGippsland Second semester 2010 (Off-campus)
Hong Kong Second semester 2010 (Off-campus)
Coordinator(s)Dr Dengsheng Zhang

Synopsis

This unit examines the principles and practice of modelling and analysis of business systems as a support for the decision making activities. At the completion of the subject the student should understand some of the most commonly used computer modelling techniques used in business and industry and be familiar with the applications of these techniques to business related problems. Topics will include breakeven analysis, linear programming models, various aspects of decision making, waiting lines systems and simulation, network problems, and forecasting techniques.

Objectives

At the completion of this unit students will have -
A knowledge and understanding of:

  • principles and application of computer based business and decision support systems;
  • cost analysis using breakeven technique;
  • main approaches to deal with decision making problems in business;
  • business decisions with multiple criteria;
  • widely used linear programming tools;
  • carrying out sensitivity analysis using relevant computer software on a series of problems;
  • queueing theory and simulation techniques;
  • concepts of different types of forecasting;
  • common optimisation methods for business applications;
  • methodology to solve typical network problems using network flow models;
  • efficiency and productivity gains through the use of technologies.
Developed attitudes that enable them to:
  • develop strong interests in formalising real world problems and solve them by computer models.
Developed the skills in:
  • application of spreadsheets such as EXCEL in solving common business decison problems;
  • use of dedicated software such as Excel QM, TreePlan, CrystalBall program;
  • sensitivity analysis by use of computer models.
Demonstrated the communication and teamwork skills necessary to:
  • meet peer students and professionals with variety of business expertise;
  • participate in group discussion and team work solutions to business problems.

Assessment

Examination (3 hours): 70%; In-semester assessment: 30%

Chief examiner(s)

Dr Dengsheng Zhang

Off-campus attendance requirements

There are no mandatory attendance requirements for this unit.

Prohibitions

BUS5570, BUS4570, GCO4802

Additional information on this unit is available from the faculty at:

http://www.infotech.monash.edu.au/units/fit4022/