BUS230 Operations Research
Showing course contents for the educational year 2016 - 2017 .
Course responsible: Marie Gotteberg Steen
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
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: Study year 2004-2005
Introduction to modelling, extensive use of spreadsheets in quantitative decision making models, linear programming, integer programming, network modelling, non-linear modelling, goal programming.
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.
- be familiar with basic models for decision analysis, including models with uncertainty.
- be able to describe a practical decision situation using a mathematical model.
- be able to use computer models to analyze decision problems.
- know the principles behind solution methods for decision problems.
- be able to use results from decision models for practical decision-making
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.
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.
Sections of Hillier, F. S. and M. S. Hillier, 5. ed.: 'Introduction to Management Science', or an equivalent book.
Introductory courses in mathematics, statistics and microeconomics (MATH100, STAT100, ECN110).
Compulsory elements, minimum 9 out of 12 assignments (or 75%) have to be passed. Compulsory elements are also valid the year after, but not longer.
Final written examination (3,5 hours) counts 100%.
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.
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