302286 (v.1) Mathematical Modelling 102
| Area: | Department of Mathematics and Statistics |
| Credits: | 25.0 |
| Contact Hours: | 4.0 |
| Lecture: | 3 x 1 Hours Weekly |
| Tutorial: | 1 x 1 Hours Weekly |
| Prerequisite(s): | 7062 (v.6) Mathematics 101 or any previous version
AND
302283 (v.3) Mathematical Modelling 101 or any previous version
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| Syllabus: | Financial Modelling - equilibrium analysis, interest functions, annuities, bonds, loan repayments, forecasting, marginalism, input-output models. Maintenance, Replacement and Reliability Models - optimal equipment maintenance/replacement cycles, reliability analysis with applications in system design and testing. Difference Equations - modelling and solution of linear difference equations. Case Studies - Examples will be chosen from a variety of areas including industry, technology and sport. |
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| Unit Outcomes: | On the completion of this unit the student will have knowledge and skills in the application of mathematics to problems arising in business and finance. An understanding for resolving problems associated with the maintenance and reliability of systems. Skills in solving linear difference equations. |
| Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information. |
| Unit References: | D. Leonard, Mathematical Methods in Accountancy, Economics and Finance Prentice Hall, 1980 Elaydi, Saber An Introduction to difference equations (2nd ed) Springer, 1999. |
| Unit Texts: | No presented text. |
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| Unit Assessment Breakdown: | Assignments (two): 30%, Tutorial Work (weekly) 10%, Examination: 60% |
Current as of: February 2, 2004
CRICOS provider code 00301J
