55507 DECISION SUPPORT TOOLS
FACULTY OF BUSINESS
Full Unit Specifications
(Variations may occur between Day & External Offerings)
Credit Points 1.00
Synopsis
The unit aims to enhance the ability of managers to make decisions by
formulating real world problems, often featuring ambiguity, in a
manner which allows the application of quantitative management tools.
The generalised approach of problem formulation, modelling, solution,
interpretation and implementation will be addressed. The unit will
deal with the issues of data reduction, inference testing,
forecasting, decision analysis, scheduling, location and layout
decisions, Just-In-Time, project management and quality management.