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Business Decision Analysis (MGMT20005)
Undergraduate level 2Points: 12.5Dual-Delivery (Parkville)
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Please refer to the specific study period for contact information.
Overview
| Availability | Semester 2 - Dual-Delivery |
|---|---|
| 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:
- Formulate and analyse business decision problems using advanced decision making/modelling techniques such as decision trees, optimisation and simulation
- Adopt the decision analysis approach with perfect and sample information to develop an optimal strategy; quantitatively analyse decision alternatives using spreadsheets
- Apply Excel Solver to solve the mathematical models
- Interpret and analyse the results and solutions; investigate the sensitivity of the solutions to the assumptions of decision model
- Perform stochastic modelling on spreadsheets; analyse risks using such methods as probability analysis
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: 10 August 2022
Eligibility and requirements
Prerequisites
One of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON10005 | Quantitative Methods 1 |
Semester 1
Semester 2
|
12.5 |
| MAST10010 | Data Analysis 1 | Semester 2 |
12.5 |
| MAST10011 | Experimental Design and Data Analysis | Semester 1 |
12.5 |
| MAST20005 | Statistics |
Summer Term
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: 10 August 2022
Assessment
| Description | Timing | Percentage |
|---|---|---|
Individual assignment
| Week 5 | 20% |
Group assignment (groups of 3 students)
| Week 11 | 30% |
End-of-semester examination
| During the examination period | 50% |
Last updated: 10 August 2022
Dates & times
- Semester 2
Principal coordinator Zahra Hosseinifard Mode of delivery Dual-Delivery (Parkville) Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 25 July 2022 to 23 October 2022 Last self-enrol date 5 August 2022 Census date 31 August 2022 Last date to withdraw without fail 23 September 2022 Assessment period ends 18 November 2022 Semester 2 contact information
Dr Zahra Hosseinifard zahra.h@unimelb.edu.au
Time commitment details
170 Hours
Last updated: 10 August 2022
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:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- 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: 10 August 2022