Course code BUS230

BUS230 Operations Research

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Showing course contents for the educational year 2015 - 2016 .

Course responsible: Marie Gotteberg Steen
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
-
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.
Course frequency: Annually
First time: 2004V
Preferential right:
-
Course contents:
Introduction to modelling, extensive use of spreadsheets in quantitative decision making models, linear programming, integer programming, network modelling, non-linear modelling, goal programming.
Learning outcome:
To give students a solid basis for using quantitative decision-making methods, where linear programming will be central, in solving economic problems. The main focus of the course will be on formulating and solving different problems. As well, the economic significance of the results will be central. There will be focus on discussing the strengths and weaknesses of the different methods and the fact that models will always be a simplification of reality. The course will to a certain degree focus on issues connected to agriculture and resource management.
Learning activities:
Lectures (2 hours/week) with integrated use of IT, especially use of spreadsheets, to analyse different models interactively in class. Computer lab exercises in smaller groups. In addition the students are encouraged to work with different kinds of problems from the textbooks.
Teaching support:
The main lecturer is available through e-mail and phone, and for office visits by appointment, throughout the whole semester. The teaching assistants are also available for guidance.
Syllabus:
Sections of Hillier, F. S. and M. S. Hillier, 5. ed.: 'Introduction to Management Science', or an equivalent book.
Prerequisites:
Introductory courses in mathematics, statistics and microeconomics (MATH100, STAT100, ECN110).
Recommended prerequisites:
Mandatory activity:
Compulsory elements, minimum 7 of 10 assignments have to be passed
Assessment:
Final written examination (3,5 hours) counts 100%.
Nominal workload:
300 hours.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Type of course:
Lectures: 2 hours per week. Class hours for exercises: 2 hours per week.
Note:
-
Examiner:
External examiner from the Norwegian School of Economics and Business Administration with extensive experience in teaching similar courses. The external examiner plays an active part in reviewing the proposed examination questions. This provides legitimacy and quality to the course compared to similar courses at a leading Norwegian business school in this area.
Allowed examination aids: Calculator handed out, no other aids
Examination details: One written exam: A - E / Ikke bestått