1. Handbook
  2. Subjects
  3. Quant. Decision Making & Optimisation

Quant. Decision Making & Optimisation (BISY90017)

Graduate courseworkPoints: 12.5On Campus (Parkville)

You’re viewing the 2019 Handbook:
Or view archived Handbooks


Year of offer2019
Subject levelGraduate coursework
Subject codeBISY90017
Availability(Quotas apply)
FeesSubject EFTSL, Level, Discipline & Census Date

There are numerous mathematical methods used to obtain efficient solutions to a large variety of complex business problems. This subject provides students with the ability to formulate a business problem as a mathematical model, and then to use quantitative techniques to identify a solution to the model. Topics covered include linear programming, duality, integer programming, mixed integer programming, non-linear programming, critical path method, Monte Carlo simulations, decision trees, expected value of perfect information, sample information and control, and sensitivity analysis.

Last updated: 3 April 2019