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Unit of study_
QBUS3310: Advanced Management Science
2025 unit information
This unit gives guidelines for the formulation of management science models to provide practical assistance for managerial decision making. Optimisation methods are developed, and the complexity and limitations of different types of optimisation model are discussed so that they can be accounted for in model selection and in the interpretation of results. Linear programming methods are developed and extended to cover variations in the management context to logistics, networks, and strategic planning. Other topics may include decision analysis, stochastic modelling and game theory. The unit covers a variety of case studies incorporating the decision problems faced by managers in business.
Unit details and rules
Managing faculty or University school:
Business (Business School)
| Study level | Undergraduate |
|---|---|
| Academic unit | Business Analytics |
| Credit points | 6 |
|
Prerequisites:
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QBUS2310 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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ECMT3610 or ECMT3710 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. demonstrate a clear understanding of the different mathematical and statistical models and methods that support decision making for management
- LO2. apply creative thinking to distil the main stylised facts and relationships from complex interactions between cost variables
- LO3. recognise different cost components and operational constraints in modelling business problems
- LO4. critically appraise the suitability of different analytic methods for a specific purpose
- LO5. apply business analytic methods in practice, to real-life problems and adapt the models to specific business contexts and questions arising in business
- LO6. communicate analytical findings using adequate optimisation methods and appropriate technical, as well as layman’s, language.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 1 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
