Skip to main content
Unit of study_

QBUS2310: Management Science

The ability to understand and mathematically formulate decision problems is a fundamental skill for managers in any organisation. This unit focuses on basic management science modelling techniques used in capacity planning, production management, and resource allocation. Students learn to approach complex real-life problems, formulate appropriate models and offer solution procedures to ensure optimal use of resources. Methods include linear programming, integer programming, non-linear programming, and goal programming.

Code QBUS2310
Academic unit Business Analytics
Credit points 6
Students commencing from 2018: QBUS1040. Pre-2018 commencing students: BUSS1020 or DATA1001 or ECMT1010 or ENVX1001 or ENVX1002 or STAT1021 or ((MATH1005 or MATH1015) and MATH1115) or 6 credit points of MATH units which must include MATH1905

At the completion of this unit, you should be able to:

  • LO1. select between basic models of management science according to the business context
  • LO2. create models for management decision making
  • LO3. make decisions based on the output of the management science model
  • LO4. incorporate measures of risk into models for decision-making under uncertainty
  • LO5. use special software tools for solving and analysing management science models.