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MN50753: Heuristics & simulation

[Page last updated: 05 August 2021]

Academic Year: 2021/2
Owning Department/School: School of Management
Credits: 10 [equivalent to 20 CATS credits]
Notional Study Hours: 200
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 2
Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Assessment detail data for this unit is currently being updated as a change has been approved. Updated assessment information will be published here shortly.
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
Aims: This unit will enable you to build on the skills and knowledge from unit 'Optimisation & Spreadsheet Modelling' and teaches you algorithm development and implementation for making optimised decisions, as well as simulating business processes using computer software for what-if-analysis. In simulating business processes, it is vital to reflect the team working nature of the business environment.

Learning Outcomes:
* Design heuristic algorithms for optimisation problems [CILO:K1]
* Provide solutions for managerial decision problems using a programming language [CILO:I2, P1]
* Construct simulation models of real-world business processes [CILO:I3, P2]
* Test and compare business scenarios using simulation, and prepare business reports for non-technical audiences [CILO:I1, P5]
* Use advanced level VBA and simulation software for solving context-specific problems [CILO:P4]
* Demonstrate team-working skills [CILO: P7].

Skills: See LO Section.

Content: Topics covered include heuristic algorithm development, and simulation modeling for analysis of real-world systems.

Programme availability:

MN50753 is Compulsory on the following programmes:

School of Management

Notes:

  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
  • Programmes and units are subject to change in accordance with normal University procedures.
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