Courses NonDegree Display 2022-2023

Course Description To PDF
Course title Quantitative Methods III (IBE/INF)
Course code EBS2027
ECTS credits 4,0
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
3 16-1-2023 20-1-2023 L X X
Level Introductory/Intermediate
Coordinator Stan van Hoesel
For more information: s.vanhoesel@maastrichtuniversity.nl
Language of instruction English
Goals
Modelling and solving practical optimization problems with Excel.
Description
Linear Programming is one of the most important tools for decision making in business. It helps us whenever we want to optimize a decision under a set of constraints, like maximizing profit under limited resources, minimizing cost while satisfying demand, or deciding on an optimal financial investment plan. Two types of mathematical programming models are studied: linear programs and integer linear programs. Also, problems that have an interpretation as flows in networks are discussed. Models have to be implemented in Excel. That's why tutorial meetings take place in computer rooms.
Literature
Reader provided on Eleum
Prerequisites
Familiarity with EXCEL.
This is an obligatory skill for IBE and Infonomics students
Teaching methods (indicative; course manual is definitive) PBL / Lecture / Skills / Coaching
Assessment methods (indicative; course manual is definitive) Participation / Written Exam / Portfolio
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Economics and Business Economics - Economics and Management of Information Year 2 Compulsory Skill(s)
Bachelor Economics and Business Economics - International Business Economics Year 2 Compulsory Skill(s)
SBE Exchange Bachelor Bachelor Exchange Skills
SBE Exchange Master Bachelor Exchange Skills
SBE Non Degree Courses Bachelor Skills