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MXB334 Operations Research for Stochastic Processes

This capstone unit provides you with the opportunity to apply your knowledge and skills in operations research to guide decision-making for complex real-world problems. You will be presented with several real-world case studies, which will involve defining the context, formulating the decision model, solving the model to determine optimal solutions, and performing sensitivity analysis. You will present recommendations for the best course of action to take based on your decision model to industry partners. Your previous learning in deriving and solving operations research problems in complex stochastic systems will be extended to include numerical solution. Combined with the operations research expertise you have acquired over your degree, you will be able to formulate and solve these complex decision problems using computational tools.

Unit information

Unit code
MXB334
Faculty
Science and Engineering Faculty
School/Discipline
Mathematical Sciences
Study area
Science and mathematics
Credit points
12

Dates and locations

Teaching period Dates Locations
Semester 2, 2019 22 July 2019 - 15 November 2019 Gardens Point
See all available class timetables for this unit

Fees

Commonwealth supported place (CSP) student contribution amount
2019: $1,169
Domestic fee-paying student fee
2019: $3,216
International student fee (excluding study abroad students)
2019: $3,852
Find out more about costs for study abroad students.

Guide to fees

Commonwealth supported place (CSP) student contribution amount
For Australian citizens, permanent visa holders and permanent humanitarian visa holders, and New Zealand citizens who study this unit:
  • as part of a QUT course and are eligible for a Commonwealth supported place (CSP)
  • as a cross-institutional student who has a Commonwealth supported place at their home university.
Domestic fee-paying student fee
For Australian citizens, permanent visa holders and permanent humanitarian visa holders, and New Zealand citizens, who study this unit:
  • as part of a QUT course and are not eligible for a Commonwealth supported place (CSP)
  • as part of a QUT course during Summer Semester
  • as a cross-institutional student who does not have a Commonwealth supported place at their home university
  • as a single-unit study student.
International student fee
For international students who study this unit:
  • as part of a QUT course
  • as a cross-institutional student.

Previous study requirements

Prerequisites
MXB332
Equivalents
MAB625

Guide to previous study requirements

Prerequisites
To enrol in this unit, you must have completed these prerequisite units (or have credit, advanced standing or exemption for them), or be able to demonstrate that you have equivalent background knowledge.
Anti-requisites
You can’t enrol in this unit if you have completed any of these anti-requisite units.
Co-requisites
To enrol in this unit, you must have already completed these co-requisite units, or you must enrol in them at the same time.
Equivalents
You can’t enrol in this unit if you have completed any of these equivalent units.
Assumed knowledge
We assume that you have a minimum level of knowledge in certain areas before you start this unit.

Unit outlines

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Disclaimer: Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of the teaching period.