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Business Decision Analysis (MGMT20005)

Undergraduate level 2Points: 12.5On Campus (Parkville)

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As part of the University’s response to COVID-19 and the associated Government restrictions and guidelines, most subjects will continue to be delivered online in Winter and Semester 2.
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.

Pleaserefer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.

Overview

Availability
Semester 2
FeesLook 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: 25 August 2020

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
ECON10005 Quantitative Methods 1
Semester 1
Semester 2
 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: 25 August 2020

Assessment

Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS

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: 25 August 2020

Dates & times

  • Semester 2
    Principal coordinatorZahra Hosseinifard
    Mode of deliveryOn Campus — Parkville
    Contact hoursTwo 1-hour lectures and a 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period 3 August 2020 to 1 November 2020
    Last self-enrol date14 August 2020
    Census date21 September 2020
    Last date to withdraw without fail16 October 2020
    Assessment period ends27 November 2020

    Semester 2 contact information

    Dr Zahra Hosseinifard zahra.h@unimelb.edu.au

Time commitment details

170 Hours

Last updated: 25 August 2020

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.

  • 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: 25 August 2020