ETF3480 · Monash University
Decision modelling for business
- Credit points
- 6
- Level
- 3
- Workload
- ≈ 12 h / week
- Faculty
- Business and Economics
What it covers
This unit develops skills in modelling complex decision problems. You will explore different classes of decision policies and apply tools such as simulation, decision trees, queuing models, and various advanced optimisation techniques. Applications span business functions including operations, asset pricing, marketing, and management. Emphasis is placed on selecting appropriate models and recommending optimal policies. You will use specialised software to implement models and analyse decision outcomes in practical business settings.
Assessment
| Task | Type | Weight |
|---|---|---|
| 1 - Artefact | Artefact | 40% |
| 3 - Examination | Examination | 40% |
| 2 - Quiz / Test | Quiz / Test | 20% |
When and where
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On-campus |