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Business Decision Analysis (MGMT20005)
Undergraduate level 2Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Overview
Availability | Semester 1 |
---|---|
Fees | Look up fees |
This subject provides both the conceptual frameworks and practical illustrations of business analysis techniques including decision trees, simulation and optimisation. These frameworks will be applied to various decisions faced by organisations, with applications in the areas of entrepreneurship, strategy, operations, marketing and finance.
Intended learning outcomes
Upon successful completion of this subject, students should be able to:
- Specify a business problem or opportunity
- Identify potential alternative solutions
- Clarify objectives and develop performance matrix
- Address decision tradeoffs
- Quantitatively analyse decision alternatives using spreadsheets
- Analyse risks using such methods as probability analysis
- Apply advanced problem solving approaches using such Excel spreadsheet features as Data Tables, Goal Seek and Solver.
Generic skills
Upon successful completion of this subject, students should be able to:
• Manage decision-analysis teams;
• Become skilled at managerial decision analysis;
• Have strong communication skills in decision-analysis contexts.
Last updated: 22 March 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON10005 | Quantitative Methods 1 |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 22 March 2024
Assessment
Additional details
- Individual assignment, 750 words, due week 6 (15%)
- Group assignment, 3000 words, equivalent to 1000 words per student, due week 12 (25%)
- A 2-hour end of semester examination (60%)
- To pass this subject students must pass the end of semester examination.
Last updated: 22 March 2024
Dates & times
- Semester 1
Principal coordinator Lusheng Shao Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 27 February 2017 to 28 May 2017 Last self-enrol date 10 March 2017 Census date 31 March 2017 Last date to withdraw without fail 5 May 2017 Assessment period ends 23 June 2017 Semester 1 contact information
Time commitment details
170 Hours
Last updated: 22 March 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Breadth options
This subject is available as breadth in the following courses:
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 22 March 2024