Advanced Management Science (QBUS3310)

UNIT OF STUDY

This unit gives guidelines for the formulation of management science models to provide practical assistance for managerial decision making. Optimisation methods are developed, and the complexity and limitations of different types of optimisation model are discussed, so that they can be accounted for in model selection and in the interpretation of results. Linear programming methods are developed and extended to cover variations in the management context to logistics, networks, and strategic planning. Other topics may include decision analysis, stochastic modelling and game theory. The unit covers a variety of case studies incorporating the decision problems faced by managers in business.

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Further unit of study information

Classes

1 x 2hr lecture and 1 x 1hr tutorial per week

Assessment

Weekly practice problems (20%), mid semester exam (40%), and final exam (40%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

QBUS2310 or ECMT2620

Prohibitions

ECMT3710, ECMT3610

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Non-award/non-degree study

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Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.

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