Handbook 1996 : Faculty of Engineering (Volume 4 page 117)
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Credit points: 6.00
Coordinator: Dr. A. Wirth
Contact: 19 hours of lectures and 20 hours of tutorial/practice classes
Timetable: Second semester
Objectives:
By the end of the subject students should be able to:
- apply a range of deterministic and stochastic models to inventory problems
- use decision theory to analyse decision making under risk
- use queuing models to determine the behaviour of service facilities
- solve equipment replacement and other problems using Markov processes
- appreciate the significance of a game theoretic approach to the negotiation process
Content:
Decision making under risk. Inventory control models. Queues. Markov processes. Game theory.
Assessment:
A two-hour examination paper; assignments to a maximum of 5,000 words, or equivalent.
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Handbook 1996 : Faculty of Engineering (Volume 4 page 117)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Mechanical and Manufacturing Engineering, Faculty of Engineering.
Copyright © University of Melbourne 1995,1996.