| Description |
This unit presents formulation guidelines for management science models to provide practical assistance to managerial decision making. Optimisation methods are developed so the complexity and limitations of optimisation model categories 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. Decision analysis and competitive structures including hierarchy structures complete a rounded program for managerial application. The unit covers a variety of case studies incorporating commercial research processes for decision support. |