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MN50753: Heuristics & simulation

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 10      [equivalent to 20 CATS credits]
Further information on notional study hours Notional Study Hours: 200
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Assessment detail for this unit will be available shortly. (CW 100%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
This unit will enable you to build on the skills and knowledge from unit 'Optimisation & Spreadsheet Modelling' and teaches you algorithm development and implementation for making optimised decisions, as well as simulating business processes using computer software for what-if-analysis. In simulating business processes, it is vital to reflect the team working nature of the business environment.

Learning Outcomes:

* Design heuristic algorithms for optimisation problems [CILO:K1]
* Provide solutions for managerial decision problems using a programming language [CILO:I2, P1]
* Construct simulation models of real-world business processes [CILO:I3, P2]
* Test and compare business scenarios using simulation, and prepare business reports for non-technical audiences [CILO:I1, P5]
* Use advanced level VBA and simulation software for solving context-specific problems [CILO:P4]
* Demonstrate team-working skills [CILO: P7].

See LO Section.

Topics covered include heuristic algorithm development, and simulation modeling for analysis of real-world systems.
Further information on programme availabilityProgramme availability:

MN50753 is Compulsory on the following programmes:

School of Management


  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
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