Business Decision Analysis (MGMT20005)

Undergraduate level 2Points: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2
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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: 9 April 2025

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
ECON10005 Quantitative Methods 1
Semester 1 (On Campus - Parkville)
Semester 2 (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: 9 April 2025

Assessment

DescriptionTimingPercentage

Individual assignment

  • 750 words
Week 615%

Group assignment, 3000 words, equivalent to 1000 words per student

  • 3000 words
Week 1225%

End-of-semester examination

  • 2 hours
Hurdle requirement: Note: To pass this subject students must pass the end of semester examination.		During the examination period60%

Last updated: 9 April 2025

Dates & times

  • Semester 2
    Principal coordinatorLusheng Shao
    Mode of deliveryOn Campus (Parkville)
    Contact hoursTwo 1-hour lectures and a 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period29 July 2019 to 27 October 2019
    Last self-enrol date 9 August 2019
    Census date31 August 2019
    Last date to withdraw without fail27 September 2019
    Assessment period ends22 November 2019

    Semester 2 contact information

    Semester 2 contact information

    lusheng.shao@unimelb.edu.au

Time commitment details

170 Hours

Last updated: 9 April 2025

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.

    Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 9 April 2025