MXB232 Introduction to Operations Research


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Unit code:MXB232
Equivalent(s):MAB315
Assumed Knowledge:MXB100 or Senior Mathematics C or Senior Specialist Mathematics is assumed knowledge.
Credit points:12
TimetableDetails in HiQ, if available
Availabilities  
Gardens Point
Semester 1
Online
Semester 1
CSP student contribution  $555
Domestic tuition unit fee  $3,324
International unit fee  $4,296
Operations Research (OR) is a mathematical approach to decision making. The predominant goal of OR is to determine how best to design, operate, manage, and predict behaviour of complex systems. The cornerstone of OR is formulating and solving mathematical or computational models to extract the best, or optimal, decisions. The purpose of this introductory unit is to introduce students to foundational OR methods and techniques to solve management and optimisation problems. It provides the theoretical foundation for future studies in OR and builds upon earlier studies in linear algebra. This unit aims to develop students’ ability to apply various OR methods, algorithms, and techniques in the solution of practical, real-world problems in contexts such as the environment, agriculture, industry, finance, and healthcare.