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302286 (v.1) Mathematical Modelling 102
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.
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