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Unit of Study

Management Science
UoS Code QBUS2310
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites BUSS1020 or ECMT1010 or ENVX1001 or ENVX1002 or 6 credit points in MATH units including one of MATH1005, MATH1905 or MATH1015
Corequisites
Prohibitions ECMT2620, ECMT2720
Assumed Knowledge
Additional Information
Lectures 1x 2hr lecture and 1x 1hr tutorial per week
Assessment assignment 1 (10%), assignment 2 (10%), mid-term exam (30%), final exam (50%)
Description The ability to understand and mathematically formulate decision problems is a fundamental skill for managers in any organisation. This unit focuses on basic management science modelling techniques used in capacity planning, production management, and resource allocation. Students will learn to approach complex real life problems, formulate appropriate models and offer solution procedures to ensure an optimal use of resources. Methods include linear programming, integer programming, quadratic programming, and dynamic programming.