Decision-making is a process of selecting a specific action from a set of possible actions to address a given problem. Because there is uncertainty about the future, we cannot be sure of the consequences of the decision. This course provides an introduction to the quantitative techniques and models used by managers to help solve decision-making problems in an uncertain environment. The main quantitative techniques studied will be those of statistical decision analysis, mathematical programming, and simulation. Specific applications of these techniques may include product-mix determination, transportation planning, risk analysis (of securities), inventory control, queuing problems, and quality control.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
On completion of this course students should understand and be able to apply the techniques described in the course outline.Other Information
See the course outline on the College courses page. Outlines are uploaded as they become available.
Indicative Assessment
- Three Assignments 20%
- Mid-Semester examination: 20%
- Final examination: 60%
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Three contact hours per week plus private study time.
Requisite and Incompatibility
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Students continuing in their current program of study will have their tuition fees indexed annually from the year in which you commenced your program. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 2
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 1994-2003 | $2784 | |
| 2014 | $3246 | |
| 2013 | $3246 | |
| 2012 | $3090 | |
| 2011 | $3090 | |
| 2010 | $3090 | |
| 2009 | $3090 | |
| 2008 | $3090 | |
| 2007 | $3090 | |
| 2006 | $3090 | |
| 2005 | $3084 | |
| 2004 | $3084 |
- International fee paying students
| Year | Fee |
|---|---|
| 1994-2003 | $2784 |
| 2014 | $3762 |
| 2013 | $3756 |
| 2012 | $3582 |
| 2011 | $3582 |
| 2010 | $3576 |
| 2009 | $3264 |
| 2008 | $3264 |
| 2007 | $3264 |
| 2006 | $3132 |
| 2005 | $3084 |
| 2004 | $3084 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
