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
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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. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
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% |
Field of Education: | 10100 Mathematical Sciences (Narrow Grouping) | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Not Online | Result Type: | Grade/Mark |
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AvailabilityAvailability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information.
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