Course code BUS230

BUS230 Operations Research

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Showing course contents for the educational year 2018 - 2019 .

Course responsible: Marie Gotteberg Steen
Teachers: Terje Vassdal
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:
Management Science is an approach to management decision-making that makes extensive use of quantitative methods. This course aims to introduce students to the application of quantitative techniques to problems where models capture problem structure and use it to help optimise the decision outcome. A combination of computer sessions and example classes demonstrate how advances in computing power have made these techniques more accessible to managers and how the techniques can be applied to a range of different situations. These broad aims map to a number of explicit learning outcomes presented below.
Learning outcome:

Knowledge 

On completion of the course students should be able to:

  • discuss the practical use of the techniques covered  
  • use the modelling techniques covered to help structure management problems
  • solve models built using the techniques covered
  • demonstrate that they can identify which of the techniques covered is most suitable for a management problem
  • demonstrate that they can interpret the results of their analysis of a management problem

Skills 

On completion of the course students should:

  • be able to demonstrate that they can build and analyse a model of a management problem
  • be able to demonstrate their ability to apply their computer skills to support the analysis of a management problem  
  • have developed their quantitative and modelling skills.
Learning activities:

Lectures spring 2019 will be offered 40 hours in this course. The lectures will be given 4 hours x 2 days during 5 weeks in the period from February to May.

In addition the course offer computer lab exercises in smaller groups by teaching assistant.

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 (ECN102/MATH100, STAT100, ECN110).
Recommended prerequisites:
Mandatory activity:
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.
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 spring 2019 will be offered 40 hours in this course. The lectures will be given 4 hours x 2 days during 5 weeks in the period from February to May.

In addition the course offer computer lab exercises in smaller groups by teaching assistant.

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: B1 Calculator handed out, no other aids
Examination details: One written exam: A - E / Ikke bestått