FIT 3158 Business Decision Modelling
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The purpose of this FIT 3158 Business Decision Modelling course is to introduce students to quantitative modeling techniques commonly used in business decision making. The course includes analytical techniques for understanding, modeling and designing business processes, as well as analytical techniques for applying IT tools in real-world decision-making environments. Methods covered include decision making under uncertainty, linear and nonlinear programming, sequential decision making, forecasting, and modeling.
Upon completion of this FIT3158 Business decision modelling course, students will be required to recognize complex decision situations and establish appropriate quantitative models. They are also expected to answer the model by applying the methods presented in this module to interpret the results and finally give advice on "analyst type". This module includes extensive use of the advanced modeling tools available in Microsoft Excel and some VBA programs. Students will also get hands-on experience in using simulation software as a tool for analyzing business processes.
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