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Management Decision Analysis - ECO00030M

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  • Department: Economics and Related Studies
  • Module co-ordinator: Prof. Yuan Ju
  • Credit value: 10 credits
  • Credit level: M
  • Academic year of delivery: 2022-23
    • See module specification for other years: 2021-22

Module will run

Occurrence Teaching period
A Spring Term 2022-23

Module aims

The course will present various mathematical models and describe the appropriate solution methods, and show how these can be used to set up and solve some frequently encountered problems. At the heart of the subject is the idea of optimizing some relevant objective while subject to (possible many) constraints in order to reach a decision. Hence, the course will firstly focus on problems that can be solved using Linear Programming. Moreover, we will also cover other important and useful topics like decision analysis, Markov processes, inventory and network models.

Module learning outcomes

On completing the module a student will be able to structure practical decision problems into appropriate analytical frameworks and solve stylised numerical problems. That is, solving relevant daily life management issues with the help of quantitative methods.

Assessment

Task Length % of module mark
Online Exam -less than 24hrs (Centrally scheduled)
Management Decision Analysis		 2 hours 100

Special assessment rules

None

Reassessment

Task Length % of module mark
Online Exam -less than 24hrs (Centrally scheduled)
Management Decision Analysis		 2 hours 100

Module feedback

Feedback will be provided in line with university policy.

Indicative reading

Anderson, Sweeney and Williams An Introduction to Management Science, Quantative Approaches to Decision making 12th Edition, Thomson South-Western Publishing Company, 2008.

This is an excellent and very comprehensive textbook.


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.