Management Science Models and Methods
UoS Code ECMT3610
Credit points 6
Offered Semester 1
Prerequisites ECMT2620 or ECMT2720
Corequisites
Prohibitions ECMT3710
Assumed Knowledge
Additional Information
Lectures 3 hrs per week
Assessment Two assignments; Test; Final exam
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.