ETF5650 Business optimisation skills
Faculty of Business and Economics
ETF5650 Business optimisation skills is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Caulfield. It needs MGF5690, ETC1000, MGF5961, ETF5900 or ETW1000.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Caulfield
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ETF5650
After ETF5650
No unit lists ETF5650 as a prerequisite in the 2020 handbook.
Enrolment rules
Students enrolled in course B6001 cannot undertake this unit.
Overview
This unit complements students' practical understanding of business practices by introducing quantitative techniques in optimisation. Of particular interest are those techniques designed to improve the efficiency and transparency of supply chains, retailing and operations. Topics covered include quantitative techniques for forecasting, waiting lines, process modelling, logistics, resource planning and business process performance appraisal. Students will learn to apply such methods in business settings.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Evening |
| First semester (Fully flex) | Caulfield | Flexible |
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop business modelling skills and recognise the importance of optimisation techniques in solving business problems
- 2
understand the role of optimisation approaches for dealing with uncertainty in the business environment
- 3
develop basic skills in forecasting for business decisions
- 4
apply optimisation tools to facilitate movement of information and resources through a business process
- 5
recognise the role of online tools in business operation.
Workload and teaching
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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Where it fits
ETF5650 is part of 1 area of study in the 2020 handbook.
Contacts
- Chief Examiners
- Dr Don Galagedera
Common questions
What are the prerequisites for ETF5650?
You need MGF5690, ETC1000, MGF5961, ETF5900 or ETW1000 before you enrol. Enrolment rules also apply.
When is ETF5650 offered?
In 2020, ETF5650 runs in Semester 1 at Caulfield.
How much work is ETF5650?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Which majors and minors include ETF5650?
ETF5650 is part of Supply chain management.