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Business Analytics for Decision Making (MGMT90239)
Graduate courseworkPoints: 12.5Online
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Term 1
Melbourne School of Professional and Continuing Education
Further information: https://study.unimelb.edu.au/find/courses/graduate/master-of-applied-analytics
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Monday to Friday 8am to 9pm AEST/AEDT. Weekends and University of Melbourne observed Public Holidays 10am to 5pm AEST/AEDT.
Academic Contact: Mr Jackson Yuen jctyuen@unimelb.edu.au
Term 3
Melbourne School of Professional and Continuing Education
Further information: https://study.unimelb.edu.au/find/courses/graduate/master-of-applied-analytics
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Monday to Friday 8am to 9pm AEST/AEDT. Weekends and University of Melbourne observed Public Holidays 10am to 5pm AEST/AEDT.
Academic Contact: Mr Jackson Yuen jctyuen@unimelb.edu.au
Overview
Availability | Term 1 - Online Term 3 - Online |
---|---|
Fees | Look up fees |
This subject will focus on developing students’ understanding of a wide variety of strategic and operational business problems and decisions being faced by managers and decision makers in the fields of financial management, human resource management, marketing management, operations management, and international business management. Students will be shown how to use a range of quantitative approaches to analyze business problems and, based on these analyses, make effective decisions. The subject will take descriptive analytic, predictive analytic, and prescriptive analytic approaches. Students will be expected to be able to calculate and manipulate data as well as interpret the results in order to derive and evaluate alternative solutions to typical business problems.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Familiarize themselves with the descriptive analytic, predictive analytic, and prescriptive analytic approaches;
- Acquire an understanding of the application of quantitative approaches to management;
- Formulate various business optimization problems as mathematical models, such as linear programming and integer programming;
- Apply the Excel Solver to solve the mathematical models and analyze the solutions;
- Adopt the decision analysis approach with perfect and sample information to develop an optimal strategy;
- Understand the fundamentals of decision making under uncertainty;
- Recognize the role of probability and probability distributions in evaluating alternative courses of action;
- Analyze past trend in an effort to predict the future by using the regression analysis approaches.
Generic skills
Critical thinking skills through online discussion and written assessments, and in relation to the effectiveness of solutions;
Last updated: 9 April 2024
Eligibility and requirements
Prerequisites
Admission to one of:
- Graduate Certificate in Business
- Graduate Certificate in Applied Analytics
- Master of Applied Analytics
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
MGMT90141 | Business Analysis & Decision Making |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
|
12.5 |
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 2024
Assessment
Description | Timing | Percentage |
---|---|---|
4 Quizzes: 20 multiple choice questions in each. End of weeks 2, 4, 6, and 8.
| Throughout the semester | 40% |
Participation and contribution to the topics on the LMS discussion board; Submission of a 500 word summary of the best 3 contributions to the discussion board via Turnitin
| Week 8 | 10% |
Open-book final online exam
| End of term | 50% |
Last updated: 9 April 2024
Dates & times
- Term 1 - Online
Principal coordinator Jackson Yuen Mode of delivery Online Contact hours Total time commitment 170 hours Pre teaching start date 28 January 2019 Pre teaching requirements Orientation activities. Teaching period 4 February 2019 to 31 March 2019 Last self-enrol date 29 January 2019 Census date 22 February 2019 Last date to withdraw without fail 15 March 2019 Assessment period ends 7 April 2019 Term 1 contact information
Melbourne School of Professional and Continuing Education
Further information: https://study.unimelb.edu.au/find/courses/graduate/master-of-applied-analytics
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Monday to Friday 8am to 9pm AEST/AEDT. Weekends and University of Melbourne observed Public Holidays 10am to 5pm AEST/AEDT.
Academic Contact: Mr Jackson Yuen jctyuen@unimelb.edu.au
- Term 3 - Online
Principal coordinator Jackson Yuen Mode of delivery Online Contact hours Total time commitment 170 hours Pre teaching start date 15 July 2019 Pre teaching requirements Orientation activities. Teaching period 22 July 2019 to 15 September 2019 Last self-enrol date 16 July 2019 Census date 9 August 2019 Last date to withdraw without fail 30 August 2019 Assessment period ends 22 September 2019 Term 3 contact information
Melbourne School of Professional and Continuing Education
Further information: https://study.unimelb.edu.au/find/courses/graduate/master-of-applied-analytics
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Monday to Friday 8am to 9pm AEST/AEDT. Weekends and University of Melbourne observed Public Holidays 10am to 5pm AEST/AEDT.
Academic Contact: Mr Jackson Yuen jctyuen@unimelb.edu.au
Time commitment details
170 hours
Last updated: 9 April 2024
Further information
- Texts
Prescribed texts
Students will have access to electronic copies of relevant readings
- Related Handbook entries
This subject contributes to the following:
Type Name Course Graduate Certificate in Business - 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: 9 April 2024