Faculty of Information Technology
|Faculty||Faculty of Information Technology|
|Offered||Gippsland Second semester 2013 (Day)|
Gippsland Second semester 2013 (Off-campus)
South Africa Second semester 2013 (Day)
This unit examines the principles and applications of business modelling, how a business system is used as a key component of the broad decision support system or DSS. 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 the solution of business related problems. Topics will include the fundamental breakeven analysis, various types of linear programming, network models, various aspects of decision making, waiting lines systems, Monte Carlo simulation and forecasting techniques.
At the completion of this unit students will have -
A knowledge and understanding of:
Developed attitudes that enable them to:
Developed the skills in:
sensitivity analysis by use of computer models.
Demonstrated the communication skills necessary to:
Examination (3 hours): 60%; In-semester assessment: 40%
2 hrs lectures/wk, 2 hrs laboratories/wk