Useful links
The questions how to maximise your gain (or to minimise the cost) and how to determine the optimal strategy/policy are fundamental for an engineer, an economist, a doctor designing a cancer therapy, or a government planning some social policies. Many problems in mechanics, physics, neuroscience and biology can be formulated as optimisation problems. Therefore, optimisation theory is an indispensable tool for an applied mathematician. Optimisation theory has many diverse applications and requires a wide range of tools but there are only a few ideas underpinning all this diversity of methods and applications. This course will focus on two of them. We will learn how the concept of convexity and the concept of dynamic programming provide a unified approach to a large number of seemingly unrelated problems. By completing this unit you will learn how to formulate optimisation problems that arise in science, economics and engineering and to use the concepts of convexity and the dynamic programming principle to solve straightforward examples of such problems. You will also learn about important classes of optimisation problems arising in finance, economics, engineering and insurance.
Code | MATH4071 |
---|---|
Academic unit | Mathematics and Statistics Academic Operations |
Credit points | 6 |
Prerequisites:
?
|
[A mark of 65 or above in 12cp of (MATH2XXX or STAT2XXX or DATA2X02)] or [12cp of (MATH3XXX or STAT3XXX)] |
---|---|
Corequisites:
?
|
None |
Prohibitions:
?
|
MATH3971 |
Assumed knowledge:
?
|
MATH2X21 and MATH2X23 and STAT2X11 |
At the completion of this unit, you should be able to:
Unit outlines will be available 1 week before the first day of teaching for the relevant session.
Key dates through the academic year, including teaching periods, census, payment deadlines and exams.
Enrolment, course planning, fees, graduation, support services, student IT
Code of Conduct for Students, Conditions of Enrollment, University Privacy Statement, Academic Integrity
Academic appeals process, special consideration, rules and guidelines, advice and support
Policy register, policy search
Scholarships, interest free loans, bursaries, money management
Learning Centre, faculty and school programs, Library, online resources
Student Centre, counselling & psychological services, University Health Service, general health and wellbeing