ETF5480 Decision modelling for business
Faculty of Business and Economics
ETF5480 Decision modelling for business is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 at Caulfield. It needs ETF2480 or ETF5248.
- Credit points
- 6
- Offered in 2027
- Semester 1
- Caulfield
- Assessment
- Exam 40%
- and 2 other tasks
- Workload
- 144 hours
- per semester
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Requisites
Before ETF5480
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ETF5480
No unit lists ETF5480 as a prerequisite in the 2027 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit develops skills in modelling complex decision problems. You will explore different classes of decision policies and apply tools such as simulation, decision trees, queuing models, and various advanced optimisation techniques. Applications span business functions including operations, asset pricing, marketing, and management. Emphasis is placed on selecting appropriate models and recommending optimal policies. You will use specialised software to implement models and analyse decision outcomes in practical business settings.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
Assessment
- Artefact40%
- Quiz / Test20%
- Examination40%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the complementary nature of the rational and behavioural approaches to decision making
- 2
select and apply quantitative modelling concepts to problems arising from business
- 3
formulate an appropriate model to analyse various business decision problems
- 4
apply tools available in programming languages and algorithms to generate solutions and appraise the solutions through the use of sensitivity analysis
- 5
communicate the analysis and results of business decision problems.
Workload and teaching
- Seminars36 hours
- Tutorials12 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
ETF5480 is part of 2 areas of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Jessica Leung
Common questions
When is ETF5480 offered?
In 2027, ETF5480 runs in Semester 1 at Caulfield.
How much work is ETF5480?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETF5480 have an exam?
Yes. The exam is worth 40% of the final mark, alongside 2 other tasks.
Which majors and minors include ETF5480?
ETF5480 is part of Data analytics for business and Financial analytics.