Dr John Betts
Phone: +61 3 990 55804
Welcome to FIT2017 Computer models for decision making Semester 2, 2009. This 6 point unit is a core unit in the Bachelor of Business Information Systems degree at Monash University. The unit has been designed to prodvide you with an understanding of computer modelling techniques, such as linear programming and decision tree analysis, that can be used to help the business decision maker understand, analyse and solve a wide range of business problems.
FIT2017 is a core unit in the Bachelor of Business Information Systems.
You may not study this unit and ETC2480, ETC3480, ETC4348, ETF2480, ETF9480, GCO2802, MAT1097 or BUS1110 in your degree.
For information on timetabling for on-campus classes please refer to MUTTS, http://mutts.monash.edu.au/MUTTS/
On-campus students should register for tutorials/laboratories using the Allocate+ system: http://allocate.cc.monash.edu.au/
|1||Introduction to the course, The role of Management Science in business decision making, Introduction to modelling.||Ragsdale Chapter 1|
|2||Linear Programming - Modelling and solving problems by hand.||Ragsdale Chapter 2|
|3||Linear Programming - Solving problems using Excel.||Ragsdale Chapter 3|
|4||Linear programming - Sensitivity analysis and the interpretation of solutions.||Ragsdale Chapter 4|
|5||Integer Linear Programming.||Ragsdale Chapter 6|
|6||Decision Making under uncertainty.||Ragsdale Chapter 15||Assignment 1 due this week|
|7||Decision Trees. Decision Making using sample information.||Ragsdale Chapter 15|
|8||Inventory Modelling||Winston Chapter 11|
|9||Simulation.||Ragsdale Chapter 12|
|10||Test during lecture.||N/A||Mid-semester Test|
|Mid semester break|
|11||Time Series Analysis and Forecasting.||Ragsdale Chapter 11||Assignment 2 due this week|
|12||Time Series Analysis and Forecasting.||Ragsdale Chapters 9 and 11|
|13||Exam Preparation and revision||N/A|
Ragsdale CT (2005) Spreadsheet Modeling & Decision Analysis, 5th edition, Thomson 2007
Text books are available from the Monash University Book Shops. Availability from other suppliers cannot be assured. The Bookshop orders texts in specifically for this unit. You are advised to purchase your text book early.
Anderson, D., Sweeney, D., Williams, T. Quantitative Methods for Business, 8th Edition (or latest edition), 2001, Thomson Learning. (Prescribed Additional Text).
Lapin LL and Whisler WD, "Quantitative Decision Making with Spreadsheet Applications", Seventh Editions, Duxbury Press, 2002
Savage S, "Insight Business Analysis Software", Thomson Learing, 2003
Winston WL, "Operations Research: Applications & Algorithms", 3rd edition, Duxbury Press, 2004
Winston WL and Albright SC, "Practical Management Science: Spreadsheet Modelling and Applications" Third Edition, Duxbury Press, 1997
Albright SC, Winston WL, and Zappe C, "Data Analysis and Decision Making with Microsoft Excel" Duxbury Press, 1999
Microsoft Office 2007.
Study resources we will provide for your study are:
All downloadable from Moodle.
To pass a unit which includes an examination as part of the assessment a student must obtain:
If a student does not achieve 40% or more in the unit examination or the unit non-examination total assessment, and the total mark for the unit is greater than 44% then a mark of no greater than 44-N will be recorded for the unit.Students must pass the examination and obtain a weighted average of all assessments greater than 50% to pass the unit.
Assignment coversheets are available via "Student Forms" on the Faculty website: http://www.infotech.monash.edu.au/resources/student/forms/
You MUST submit a completed coversheet with all assignments, ensuring that the plagiarism declaration section is signed.
Assignment submission and return procedures, and assessment criteria will be specified with each assignment.
Length: 2 hours
Type (open/closed book): Closed book
Please make every effort to submit work by the due dates. It is your responsibility to structure your study program around assignment deadlines, family, work and other commitments. Factors such as normal work pressures, vacations, etc. are not regarded as appropriate reasons for granting extensions. Students are advised to NOT assume that granting of an extension is a matter of course.
Students requesting an extension for any assessment during semester (eg. Assignments, tests or presentations) are required to submit a Special Consideration application form (in-semester exam/assessment task), along with original copies of supporting documentation, directly to their lecturer within two working days before the assessment submission deadline. Lecturers will provide specific outcomes directly to students via email within 2 working days. The lecturer reserves the right to refuse late applications.
A copy of the email or other written communication of an extension must be attached to the assignment submission.
Refer to the Faculty Special consideration webpage or further details and to access application forms: http://www.infotech.monash.edu.au/resources/student/equity/special-consideration.html
Students can expect assignments to be returned within two weeks of the submission date or after receipt, whichever is later.
Please visit the following URL: http://www.infotech.monash.edu.au/units/appendix.html for further information about: