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Business Analytics for Decision Making (MGMT90239)
Graduate courseworkPoints: 12.5Online
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Term 1
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Contact hours: https://unimelb.edu.au/professional-development/contact-us
Dr Zahra Hosseinifard zahra.h@unimelb.edu.au
Term 3
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Contact hours: https://unimelb.edu.au/professional-development/contact-us
Dr Zahra Hosseinifard zahra.h@unimelb.edu.au
Overview
Availability | Term 1 - Online Term 3 - Online |
---|---|
Fees | Look up fees |
This subject will focus on quantitative approaches to analyse business problems and based on these analyses, make effective decisions. The subject will explore descriptive analytic, predictive analytic, and prescriptive analytic techniques. Using these techniques, students will develop understanding of a wide variety of strategic and operational business decision problems 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 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 decision 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
Research skills through preparation of the written assessments and selection of reading materials;
Last updated: 9 April 2024
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
MGMT90141 | Business Analysis and Decision Making |
Semester 2 (Dual-Delivery - Parkville)
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Dual-Delivery - 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% |
Reflection on online discussion board participation (requires participation in discussion activities in all 8 weeks)
| Week 8 | 10% |
End of term examination
| End of term | 50% |
Last updated: 9 April 2024
Dates & times
- Term 1 - Online
Principal coordinator Zahra Hosseinifard Mode of delivery Online Contact hours Total time commitment 170 hours Pre teaching start date 24 January 2022 Pre teaching requirements Orientation activities. Teaching period 31 January 2022 to 27 March 2022 Last self-enrol date 25 January 2022 Census date 18 February 2022 Last date to withdraw without fail 11 March 2022 Assessment period ends 3 April 2022 Term 1 contact information
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Contact hours: https://unimelb.edu.au/professional-development/contact-us
Dr Zahra Hosseinifard zahra.h@unimelb.edu.au
- Term 3 - Online
Principal coordinator Zahra Hosseinifard Mode of delivery Online Contact hours Total time commitment 170 hours Pre teaching start date 18 July 2022 Pre teaching requirements Orientation activities Teaching period 25 July 2022 to 18 September 2022 Last self-enrol date 19 July 2022 Census date 12 August 2022 Last date to withdraw without fail 2 September 2022 Assessment period ends 25 September 2022 Term 3 contact information
Email: continuing-education@unimelb.edu.au
Phone: + 61 3 8344 0149
Contact hours: https://unimelb.edu.au/professional-development/contact-us
Dr Zahra Hosseinifard zahra.h@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