Business Decision Making (QM265)
Unit information
From inventory control to determining optimal product mix, from portfolio analysis to oil and gas exploration, and beyond, management science offers useful tools and techniques for decision making.
Studying this unit will equip you with the management science skills and knowledge to solve real-world challenges in complex business environments.
You will hone your decision-making skills by applying a systematic and logical approach as you learn to harness computer software to inform your decisions.
Enrolment rules
Notes
This unit uses a flexible assessment strategy where students can choose which assignments will be counted towards their final mark. The number of assignments chosen will determine the weighting of the final examination of either 40%, 50% or 60%.
Please refer to the student handbook for further details on this unit.
Learning outcomes
Upon completion of this unit, students will be able to:
- introduce a number of management science techniques that may be used for making decisions in business environments;
- present examples of decision-making environments in which each of these techniques can be applied;
- illustrate the role of computer software in the application of management science techniques;
- explain the limitations and potential uses of management science techniques in complex decision-making environments.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Assignment 1 | Yes | 15% | All offerings |
Problems. Word length not applicable owing to the statistical nature of the assignment. |
| Assignment 2 | No | 15% | All offerings |
Problems. Word length not applicable owing to the statistical nature of the assignment. |
| Assignment 3 | No | 15% | All offerings |
Problems. Word length not applicable owing to the statistical nature of the assignment. |
| Final Examination | Yes | 55% | All offerings |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Introduction to Management Science: Global Edition
ISBN: 9781292263045
Taylor III, B.W., Pearson 13th ed. 2019
Text refers to: All offerings