Module code | BOZ 780 |
Qualification | Postgraduate |
Faculty | Faculty of Engineering, Built Environment and Information Technology |
Module content | Building on undergraduate modules in Operations Research, the module aims to extend the mathematical programming and optimisation capabilities by introducing uncertainty. Many decision makers are confronted with complex environments in which data is not known with certainty, or in which the decision constraints are uncertain. For cases where one knows the shape, or can assume that the uncertainty follows a known probabilistic distribution, stochastic programming can be used. In the module both chance-constrained programming and fixed recourse are introduced. The module also addresses the uncertainty when a decision maker is confronted with multiple, competing objectives. Finally, deterministic and probabilistic dynamic programming are introduced for to solve recursive problems. |
Module credits | 32.00 |
NQF Level | 08 |
Programmes | |
Prerequisites | BOZ 312 or BAN 780 |
Contact time | 36 contact hours per semester |
Language of tuition | Module is presented in English |
Department | Industrial and Systems Engineering |
Period of presentation | Semester 1 or Semester 2 |
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