| Delivery Type | Delivery length / details |
|---|---|
| Lecture | 16 Hours. |
| Seminars / Tutorials | 5 Hours. |
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | Spreadsheet assignment | 15% |
| Semester Exam | 2 Hours | 85% |
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
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.
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.
This module is at CQFW Level 6