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Unit of study_

Management Decision Making - QBUS6320

Year - 2018

This unit introduces models and tools for decision analysis and their application in managerial settings. The unit focuses on the use of formal decision methods for management decisions in business. The main goal 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 is paid to informal interpretations of formal decision approaches.

Classes
3hrs of classes ('lecturial' - combination lecture/tutorial) per week

Assessment
assignment 1 (25%), assignment 2 (25%), final exam (50%)

Prohibitions

ECOF6070 or ECOF5804 or ECMT6310 or ECMT5003

Details

Faculty: Business (Business School)

Semester 1

05 Mar 2018

Department/School: Business Analytics
Study Mode: Normal (lecture/lab/tutorial) evening
Census Date: 31 Mar 2018
Unit of study level: Postgraduate
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: Yes
Faculty/department permission required? Yes
Location
Camperdown
Faculty: Business (Business School)

Semester 2

30 Jul 2018

Department/School: Business Analytics
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 31 Aug 2018
Unit of study level: Postgraduate
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: Yes
Faculty/department permission required? Yes
Location
Camperdown
Courses that offer this unit

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