ETF2480 · Monash University
Optimisation for business
- Credit points
- 6
- Level
- 2
- Workload
- ≈ 12 h / week
- Faculty
- Business and Economics
What it covers
The ability to understand and mathematically formulate decision problems is a fundamental skill for managers in any organisation. This unit serves as an introduction to various optimisation techniques that are essential in business operations. You will learn to approach complex real-life problems, formulate appropriate models and compute solutions that offer managerial insights in various applications such as capacity planning, production management, and resource allocation. Methods include linear programming, integer programming and non-linear programming. Applications in management, marketing, accounting, finance and related fields are emphasised.
Assessment
| Task | Type | Weight |
|---|---|---|
| 3 - Examination | Examination | 50% |
| 2 - Quiz / Test | Quiz / Test | 20% |
| 1 - Artefact | Artefact | 30% |
When and where
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On-campus |