Management Decision Making

QBUS6320

The unit introduces models and tools for decision analysis and their application in managerial settings. The unit will focus on the use of formal decision methods for management decisions in business. The main goal of this unit is to show how these decision models can improve the decision process by helping the decision maker to understand the structure of decisions; use subjective probabilities for measuring risk; analyse sensitivity of decisions to changing decision parameters; quantify outcomes in accordance with risk attitudes; and estimate the value of information. Special attention will be paid to informal interpretations of formal decision approaches.

Unit of study details

Unit of study level: Postgraduate

Credit points: 6

Commencing semesters: 1

Further unit of study information

Unit of study handbook: QBUS6320

Costs and scholarships information: Costs and Scholarships

Final dates to withdraw from units of study: Census Dates

Available for study abroad and exchange: Yes

Our courses that offer this unit of study

• Master of Human Resource Management and Industrial Relations
• Master of Commerce and Master of Logistics Management
• Master of International Business and Master of Commerce
• Master of Commerce
• Graduate Diploma in Commerce
• Graduate Diploma in Human Resource Management and Industrial Relations
• Graduate Certificate in Commerce
• Graduate Certificate in Human Resource Management and Industrial Relations