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IB220 - Quantitative Methods for Resource Management

  • Module code: IB220
  • Module name: Quantitative Methods for Resource Management
  • Department: Warwick Business School
  • Credit: 12, 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

This module introduces basic techniques such as logistics, demand forecasting, facility location, warehouse design, resource management; (non-)linear, integer, dynamic programming, and stochastic optimisation including inventory problems, which can be applied to a range of operational research problems in business, logistics and finance.

Principal learning outcomes

On successful completion of the module, you will be able to: understand the principles of optimization and related theories and applications; formulate business related problems using operational research techniques; solve simple operational research models; understand how operational research techniques can be used to solve problems in finance, logistics and business; solve structured numerical and analytical problems; write critiques of operational research models and solutions; analyse case studies and construct arguments to support a particular solution; construct spreadsheets to formulate and solve models using operational research based techniques; interpret operational research results in the context of the problem; explain key theoretical models and the assumptions that underpin them; reflect critically on the limitations of those models in real-life applications and solution approaches; interpret empirical evidence; solve numerical problems and analyse case-study information.

Timetabled teaching activities

2 x 1 hour lectures per week, 1 x 1 hour seminar per week

Departmental link

http://www.wbs.ac.uk/students/undergraduate/

Module assessment

Assessment group Assessment name Percentage
12 CATS (Module code: IB220-12)
D1 (Assessed/examined work) Assessed Course Work 30%
Examination - Main Summer Exam Period (weeks 4-9) 70%
Assessed Course Work 100%
15 CATS (Module code: IB220-15)
D2 (Assessed/examined work) Assessed Course Work 30%
Examination - Main Summer Exam Period (weeks 4-9) 70%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core

N/A

Optional
  • Undergraduate Chemistry with Management (F1N1) - Year 3
  • Undergraduate Chemistry with Management (with Intercalated Year) (F1N2) - Year 4
  • Undergraduate Law and Business Studies with Intercalated Year (3+1) (MN35) - Year 3
  • BSc in Management (with Intercalated Year/UPP) (N202) - Year 2
  • BSc in Management (with Intercalated Year/UPP) (N210) - Year 2
  • Undergraduate Accounting and Finance (with Intercalated Year/Undergraduate Partnership Programme) (NN36) - Year 2
  • Undergraduate Accounting and Finance (with Intercalated Year/Undergraduate Partnership Programme) (NN36) - Year 3
  • Undergraduate Accounting and Finance (with Intercalated Year/Undergraduate Partnership Programme) (NN37) - Year 4