FIT3158 Business Decision Modelling Notes | Assignment Help | Syllabus
University: Monash University
“This unit’s goal is to expose students to quantitative modeling methods that are frequently employed in corporate decision-making. This involves the use of IT technologies to real-world decision-making scenarios, as well as the analytical techniques used to analyze, model, and create business processes. Decision making under uncertainty, linear and nonlinear programming, sequential decision making, forecasting, and simulation are among the techniques addressed.
Students should be able to recognize a complicated decision-making scenario and develop a quantitative model to match it at the end of this course. They should also be able to solve the model using the methods taught in this unit, evaluate the findings, and provide ‘analyst-type’ suggestions. The course involves significant use of Microsoft Excel’s sophisticated modeling capabilities as well as some VBA programming. Students will also get the opportunity to practice utilizing simulation tools to analyze company processes.”
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