units

ETC4480

Faculty of Business and Economics

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Monash University Handbook 2011 Undergraduate, Postgraduate - Unit

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

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
OfferedClayton Second semester 2011 (Day)
Coordinator(s)Dr Lee Gordon-Brown and Associate Professor Ralph Snyder

Synopsis

This subject is directed to students with an interest in business analysis and business modelling. It covers tools such as Solver in Microsoft Excel for optimising business decisions. Modelling skills are enhanced from a study of the logic of optimisation and its application to common business problems. Methods covered include linear programming, network programming, integer linear programming, non-linear programming and dynamic programming.

Objectives

The learning goals associated with this unit are to:

  1. provide an understanding of the theory and techniques of mathematical programming
  2. enhance business modelling skills for decision making
  3. make effective use of the mathematical programming tools provided by modern spreadsheet packages, Solvers and matrix generators
  4. enhance analytical skills and the capacity to attack large business problems and non-standard business problems
  5. provide sufficient knowledge to be able to read and understand scholarly published work in management science and operations research.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Lee Gordon-Brown

Contact hours

3 hours per week

Prerequisites

ETC2480 or equivalent