Research Methods in Accounting and Finance

Operations Research underpins decision making in the private and public sector. The aim is to model complex decisions (e.g. inventory management) and to find optimal solutions. Topics which will be covered include decision trees, queuing theory, linear programming, transportation and assignment problems, inventory control (EOQ model) and forecasting.

Objectives and learning outcomes of the module

On successful completion of this module a student will be able to:

• Demonstrate understanding of calculus, linear algebra and optimisation theory used in applied operations research
• Demonstrate understanding of some specific applications of such methods
• Apply such understanding to a specific problem
• Demonstrate competence in using software packages (Excel and R)
• Demonstrate quantitative skills in evaluating numerical data
• Demonstrate skills in communicating quantitative findings

Method of assessment

This module is assessed by written coursework (30%) and by one two hour examination (70%)

Suggested reading

TBC

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