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BUS5750 Applied Intelligent Techniques for Business Modelling

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Unit Code, Name, Abbreviation

BUS5750 Applied Intelligent Techniques for Business Modelling [App Intel Bus Model ]

Reasons for Introduction

Reasons for Introduction (24 Mar 2004, 11:36am)

The aim of The School of Business Systems is to provide teaching and research to develop computer-based methods for effective solutions to a wide range of strategic and operational problems that occur in every area of business activity.Advances in computing technology now enable the widespread use of sophisticated, computationally-intensive modelling technique in business. The focus of the subject is on the applications of intelligent techniques in the domain of business modelling.The subject is designed to fill the need for such studies in the post graduate offerings of the school. It addresses the strong demand in business and industry for technically sophisticated computer-literate graduates. It also responds to graduate demand for related, applied business analysis and modelling knowledge.The subject will provide students with the relevant core knowledge and skills to undertake further study with several established research groups in the School of Business Systems. The content of the subject will complement a significant element of the research agenda for those research groups in Business Systems.The subject will differ from BUS3750, Introductory Intelligent Techniques for Business Modelling in the following ways:

  1. The student will understand the algorithm for each technique, rather than simply how to apply the technique;
  2. The student will be required to embellish a known technique and justify this embellishment in the context of a business problem;
  3. Mathematical analysis of the techniques will be undertaken;
  4. Interpretation of the modelling results will be emphasized;
  5. The assessment for BUS3750 will incorporate class tests worth 10% of the mark for the subject. BUS5750 has no class tests, instead, the assignment project will be more challenging and weighted more heavily.

Reasons for Change (24 Mar 2004, 11:38am)

Change of prerequisite: from "BUS5650 or equivalent" to "Completion of 24 points of postgraduate IT and/or finance units".

Addition of prerequisite BUS5650 Business Applications of Neural Networks or equivalent. Students who wish to take this elective must have good knowledgeskills on non-parametric modelling (e.g. neural network) and proceeds on to other intelligent techniques using Fuzzy-logic combined with evolutionary algorithms (such as GA, GP) and other parametric models. This is covered in the above unit, BUS5650.

Role of Unit (24 Mar 2004, 11:33am)

The School of Business Systems already offers the unit BUS5650 Business Applications of Neural Networks. The proposed subject will cover business applications of other remaining main branches of intelligent techniques and hybrid intelligent systems. This will provide our students with an opportunity to look at the full spectrum of applied intelligent techniques and how a corporation uses them to improve its strategic advantages and competitiveness.

Relevance of Unit (24 Mar 2004, 11:34am)

The unit addresses the strong demand in business and industry for technically sophisticated graduates who are well-versed in analytical and computing techniques. Students will benefit from exposure to the knowledge and application skills of intelligent technique-based modelling in the context of business and corporate settings.

Objectives

Unit Content

Teaching Methods

Assessment

Workloads

Resource Requirements

Software Requirements (21 Oct 2005, 1:04pm)

Software Title: NeuroShell

Vendor: Ward Systems Group, Inc.
Version: 2
OS: Windows
First Semester Week Required : week 1
License Details: (x)Licensed ( )Site License ( )Freeware
Nominated Staff for software testing:
Name: Lucky Effendi
Phone: x55218
Email: Lucky.Effendi@infotech.monash.edu.au
Additional Information / Functionality / Special Requirements:

Prerequisites

Prerequisite Units (24 Mar 2004, 11:39am)

Completion of 24 points of postgraduate IT and/or finance units

Frequency of Offering (24 Mar 2004, 11:40am)

Every semester 2

Faculty Information

Proposer

Approvals

School: 02 May 2002 (John Betts)
Faculty Education Committee: 13 May 2004 (Denise Martin)
Faculty Board: 25 May 2004 (Annabelle McDougall)
ADT: 29 Apr 2002 (John Hurst)
Faculty Manager:
Dean's Advisory Council:
Other:

Version History

12 Apr 2002 Caitlin Slattery Add prerequisite.
15 Apr 2002 Caitlin Slattery Add prerequisite
16 Apr 2002 Caitlin Slattery Approved SEC 08/04/2002
19 Apr 2002 Caitlin Slattery Addition of prerequisite BUS5650 Business Applications of Neural Networks or equivalent. Students who wish to take this elective must have good knowledge/skills on non-parametric modelling (e.g. neural network) and proceeds on to other intelligent techniques using Fuzzy-logic combined with evolutionary algorithms (such as GA, GP) and other parametric models. This is covered in the above unit BUS5650.
02 May 2002 Caitlin Slattery Compter labs complete.
24 Mar 2004 Caitlin Slattery Modified prerequisites: from BUS5650 or equivalent to Completion of 24 points of postgraduate IT and/or finance units
25 Mar 2004 Caitlin Slattery
01 Apr 2004 John Betts BusSys Approval
01 Apr 2004 John Betts BusSys Approval
13 May 2004 Denise Martin FEC Approval
25 May 2004 Annabelle McDougall FacultyBoard Approval
15 Nov 2004 Lucky Effendi modified ResourceReqs/SoftwareReqs
16 Nov 2004 Lucky Effendi modified ResourceReqs/SoftwareReqs
17 Oct 2005 David Sole Added Software requrirements template
21 Oct 2005 David Sole Updated requirements template to new format

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