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Applied Optimisation

AGEC3103

This unit of study deals with constrained optimization problems in which one or more constraints are inequalities. Such problems are explored/solved by "mathematical programming" techniques. The main focus of the unit is on linear programming (LP) problems, viz. problems in which the objective function and the constraint functions are all linear, and the application of LP in agricultural and other planning contexts. Topics include graphical and mathematical representation of LP problems, solution methods, solution information, stability of optimal solutions, primal and dual formulations and parametric programming. After covering the essentials of LP and its extension to integer LP, the focus shifts to modelling real world scenarios as optimization problems. Students are streamed: one group deals with specialized LP formulations (e.g. transportation model, stochastic programming). The other examines dynamic optimization for problems that involve inter-temporal resource allocation. Students develop experience and confidence in the use of spreadsheet-based optimizer routines, and with specialised optimization packages (e.g. LINDO).

Unit of study details

Unit of study level: Senior

Credit points: 6

Commencing semesters: 1

Further unit of study information

Unit of study handbook: AGEC3103

Costs and scholarships information: Costs and Scholarships

Final dates to withdraw from units of study: Census Dates

Available for study abroad and exchange: Yes

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