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 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.
1x 2hr lecture and 1x 1hr tutorial per week
assignment 1 (15%), assignment 2 (15%), mid-term exam (30%), final exam (40%)
Students commencing from 2018: QBUS1040; Pre-2018 commencing students: BUSS1020 or DATA1001 or ECMT1010 or ENVX1001 or ENVX1002 or STAT1021 or ((MATH1005 or MATH1015) and MATH1115) or 6 credit points of MATH units which must include MATH1905.Prohibitions