MIT (minor thesis) was previously introduced and has become a preferred replacement for Honours by some international students. GSITS has about 3 to 5 international Honours students studying in Gippsland campus every year. Since GSITS only offers off-campus learning for the MIT program and the requirement of ESOS to have on-campus offerings for all on-campus courses, GSITS is currently barred from enrolling any international students who wish to study on-campus into the MIT (minor thesis) program because of the ESOS requirement. It also addresses the new requirement to enrol honours students for the individual on-campus units in Callista.

This unit has been updated as part of a 2009 review and comparison of data with current Handbook, Syllabus + and Callista data.

07/12/2017 - Unit disestablished at FEC 5/17 Item 7.3.

This is an elective unit of the Master of Information Technology (MIT) and Master of Business Systems (MBS). The business models in this unit are related to a number of other business units, including GCO4806, GCO4803, GCO5802, GCO5804, GCO5807 and BUS9530. This unit lays foundation for a business major. It helps build up students concepts about business and their expertise in numeric modelling of business decisions.

At the completion of this unit students will have -

A knowledge and understanding of:

• principles and application of computer based business and decision support systems;
• cost analysis using breakeven technique;
• main approaches to deal with decision making problems in business;
• business decisions with multiple criteria;
• widely used linear programming tools;
• carrying out sensitivity analysis using relevant computer software on a series of problems;
• queuing theory and simulation techniques;
• concepts of different types of forecasting;
• common optimisation methods for business applications;
• methodology to solve typical network problems using network flow models;
• efficiency and productivity gains through the use of technologies.

Developed attitudes that enable them to:

• develop strong interests in formalising real world problems and solve them by computer models.

Developed the skills in:

• application of spreadsheets such as EXCEL in solving common business decision problems;
• use of dedicated software such as Excel QM, TreePlan, CrystalBall program;
• sensitivity analysis by use of computer models.

Demonstrated the communication and teamwork skills necessary to:

• meet peer students and professionals with variety of business expertise;
• participate in group discussion and team work solutions to business problems.

020307

This unit examines the principles and practice of modelling and analysis of business systems as a support for the decision making activities. At the completion of the subject the student should understand some of the most commonly used computer modelling techniques used in business and industry and be familiar with the applications of these techniques to business related problems. Topics will include breakeven analysis, linear programming models, various aspects of decision making, waiting lines systems and simulation, network problems, and forecasting techniques.

On-campus and Off-Campus Learning(OCL)

Examination (3 hours): 70%; In-semester assessment: 30%

FIT

Dengsheng Zhang