Module Information

Module Identifier
AC31210
Module Title
ANALYTICAL TECHNIQUES FOR MANAGEMENT CONTROL
Academic Year
2009/2010
Co-ordinator
Mrs Glenda Roberts
Semester
Semester 2
Pre-Requisite
AC33120 (can be pre- or co-requisite)

Course Delivery

Delivery Type Delivery length / details
Lecture 16 Hours.
Seminars / Tutorials 5 Hours.
 

Assessment

Assessment Type Assessment length / details Proportion
Semester Assessment Spreadsheet assignment  15%
Semester Exam 2 Hours   85%

Learning Outcomes

On successful completion of this module students should be able to:

* Apply linear programming to managerial and financial problems. The focus, however, is on understanding and adaptability

Aims

To enlarge the analytical toolkit by introducing one particular optimisation technique, ie, linear programming; second, to enable you to apply this tool to a variety of industrial and financial situations such as cost minimisation and profit maximisation; third, to enable you to appreciate how to formulate certain business strategies as zero-sum two-person games.

Brief description

This module is concerned with the study of some operational research models and their applications in commerce and industry. The emphasis is on understanding and adaptability rather than technique and will focus on basic linear algebra; introduction of linear programming; simplex algorithm; sensitive analysis; transportation and assignment problems and the theory of games sensitivity.

Content

  • Product mix problems as linear programmes
  • Graphical solution
  • Shadow prices and sensitivity analysis
  • The Simplex Algorithm
  • Use of the EXCEL "Solver" Tool
  • Cost minimisation problems
  • Further applications
  • Duality
  • The Theory of Games

Reading List

Recommended Text
Winston, W L (1991) Operations Research - Applications and Algorithms International Thomson Publishing Primo search Supplementary Text
Daellenbach, H, George, J and McNickle, D An Introduction to Operations Research Techniques Alleyn and Bacon Primo search Taha, J Operations Research: An Introduction MacMillan Primo search Wagners, H Principles of Operations Research Prentice-Hall Primo search Reference Text
Keys, P (1995) Understanding the Process of Operational research Chichester: John Wiley & Sons, Inc. Primo search

Notes

This module is at CQFW Level 6