330.227 Optimization in Business and Economics
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2020W, VU, 2.0h, 3.0EC
TUWEL

Properties

  • Semester hours: 2.0
  • Credits: 3.0
  • Type: VU Lecture and Exercise
  • Format: Hybrid

Learning outcomes

After successful completion of the course, students are able to analyze optimization problems which occur inside the firm. Students know how to structure optimization programs with / without constraints, how to solve them analytically or how to implement them with R programming language.

Subject of course

Static Optimization:

- Lagrange Theorie

- Kuhn Tucker Theorie

- Spezial cases: Lineare Optimization and the portfolio problem

Dynamiic Optimization:

- The Bellman-prinziple

- Dynamic programming, deterministic and und stochastic 

 

Teaching methods

Lectures, applied Problems, home exercises, interactive online material

Mode of examination

Written

Lecturers

Institute

Course dates

DayTimeDateLocationDescription
Fri08:30 - 10:0009.10.2020 - 22.01.2021 Zoom link will be provided (LIVE)Classes
Fri11:00 - 12:3013.11.2020 - 04.12.2020 Zoom-Session (LIVE)Classes
Optimization in Business and Economics - Single appointments
DayDateTimeLocationDescription
Fri09.10.202008:30 - 10:00 Zoom link will be providedClasses
Fri16.10.202008:30 - 10:00 Zoom link will be providedClasses
Fri23.10.202008:30 - 10:00 Zoom link will be providedClasses
Fri30.10.202008:30 - 10:00 Zoom link will be providedClasses
Fri06.11.202008:30 - 10:00 Zoom link will be providedClasses
Fri13.11.202011:00 - 12:30 Zoom-SessionClasses
Fri20.11.202011:00 - 12:30 Zoom-SessionClasses
Fri27.11.202011:00 - 12:30 Zoom-SessionClasses
Fri04.12.202011:00 - 12:30 Zoom-SessionClasses
Fri18.12.202008:30 - 10:00 Zoom link will be providedClasses
Fri08.01.202108:30 - 10:00 Zoom link will be providedClasses
Fri15.01.202108:30 - 10:00 Zoom link will be providedClasses
Fri22.01.202108:30 - 10:00 Zoom link will be providedClasses

Examination modalities

A maximum total score of 240 can be earned:

midterm exam: 72

final exam: 72

3 home exercises: 32 each

retake exam (subtitutes either midterm of final): 72
(participating in all three tests, the test with the lowest score is removed) 

Exams

DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Fri08:00 - 10:0003.05.2024FH Hörsaal 1 - MWB written19.04.2024 09:00 - 01.05.2024 18:00TISSmidterm
Tue18:00 - 20:0025.06.2024FH Hörsaal 1 - MWB written18.05.2024 23:00 - 23.06.2024 13:00TISSfinal

Course registration

Begin End Deregistration end
01.10.2020 19:00 08.10.2020 09:00 08.10.2020 09:00

Curricula

Study CodeObligationSemesterPrecon.Info
033 282 Mechanical Engineering - Management Mandatory5. SemesterSTEOP
Course requires the completion of the introductory and orientation phase
033 526 Business Informatics Mandatory4. SemesterSTEOP
Course requires the completion of the introductory and orientation phase

Literature

No lecture notes are available.

Language

German