Business Optimisation

English
GRA 6227
6 Credits

Introduction

This course teaches students how to use mathematical modelling to support practical business management decisions. The course will give an introduction to the use of the most common modelling techniques for deterministic optimisation, such as linear programming (LP), integer programming (IP), mixed-integer programming (MIP) and nonlinear programming (NLP). Applications of these methods in logistics/operations, strategy, marketing, and finance will be demonstrated through exercises and using state-of-the-art software.

Course content

The concept of a mathematical programming model
Linear programming models and the importance of linearity
How to interpret model output
Multi-period planning models
Integer and mixed-integer models
Good and bad formulations
Non-linear models
Multi-objective models
Heuristics
Practical aspects of optimization

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.