302286 (v.1) Mathematical Modelling 102

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Area:	Department of Mathematics and Statistics
Contact Hours:	4.0
Credits:	25.0
Lecture:	3 x 1 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
Prerequisite(s):	7062 (v.5) Mathematics 101 or any previous version AND 302283 (v.2) Mathematical Modelling 101 or any previous version
Financial modelling including equilibrium analysis - interest functions, annuities, bonds, loan repayments, forecasting, marginalism and input-output models. Maintenance, replacement and reliability models, optimal equipment maitenance and replacement cycles, reliability analysis with applications in system design and testing. Modelling and solution of linear difference equations.