Management Science
UoS Code ECMT2620
Credit points 6
Offered Semester 2
Prerequisites (ECMT1010 or ECOF1010) and ECMT1020
Corequisites
Prohibitions ECMT2720
Assumed Knowledge
Additional Information
Lectures 3 hrs per week
Assessment Two assignments; Mid-Semester exam; Final exam
Description Management science is an approach to decision making that is suitable in areas where the manager has little experience or where the problem for decision is complex. It provides an effective decision-making approach to problems important enough to justify the time and effort of quantitative analysis. This unit considers modelling in areas that practising managers might encounter in their roles as decision makers. The intended outcome of the unit is to increase the effectiveness of management decision making. The focus throughout is on practical solutions using readily available spreadsheet software. Topics may include resource allocation, capacity planning, logistics, and project planning.