Master of Science in Management Science MSc (Management Science) This degree will provide students with advanced skills in applied statistics, operations research, information technology and data analysis. Core discipline topics will include: Mathematics of Risk
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What types of forces should be maintained?
What force strength is required?
Savings of 27-43% on order picking costs
Where to store products?
…affects order picking
Customer Order History
Operations Research Technology
Bus Service Optimisationat Melbourne Airport
How many buses to purchase?
Bus driver roster?
Long-Term Car Park
Hourly bus requirement?
Material A: 29400 T
Material B: 6900 TTransport & Logistics
Red Sea Suppliers
Real Practical Problem
Mathematical (Optimization) Problem
Mathematical Solution Method (Algorithm)
Decision Support System
Estimating race car performance as a function of spring stiffness, weight and down-force, for different tracks
Air Traffic Control: design and analyse man-in-the-loop simulation trials of a new computer system. Allow for varying traffic density
Modeling frequency, duration and severity of power cuts simulation trials of a new computer system. Allow for varying traffic density
Simulating the supply of
how many are needed,
and where should they be stored?
RN roulement : simulation trials of a new computer system. Allow for varying traffic density
maintaining an active presence abroad, how many vessels required?
Supply of telephone equipment: how many spare parts to keep on site; how many spare parts to store centrally?
Hedge fund: Value at Risk estimates on site; how many spare parts to store centrally?
Forecasting the value of your stock portfolio