I saw this helpful answer, but cannot find the Software Update.app file when I search for it on my Mac (Yosemite) to insert it into the iCal event.
So how can I schedule software updates on Yosemite?
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How are you searching for it? If in Spotlight, don't. The Software Update.app bundle is exactly where the reference states that is it! Its fully qualified pathname is
/System/Library/CoreServices/Software Update.app and you can see it in Finder by starting in the root of the Macintosh HD or if in iCal when selecting the file to open, make sure you start navigating to it from the root of the Macintosh HD (or whatever the name of your HD is).