Module BUSI41215: DECISION ANALYSIS FOR MANAGEMENT JUDGEMENT (DL)

Department: Management and Marketing

BUSI41215: DECISION ANALYSIS FOR MANAGEMENT JUDGEMENT (DL)

Tied To

• N1D217: Business Administration (Finance) (Distance Learning) (For students entering before August 2007) (see Postgraduate Handbook 2011-2012 for details)
• N1D314: Business Administration (Distance Learning) (For students entering before August 2007) (see Postgraduate Handbook 2011-2012 for details)
• N1D317: Business Administration (Distance Learning) (For students entering before August 2007) (see Postgraduate Handbook 2011-2012 for details)

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To give students an in-depth understanding at an advanced level of the complexities of decision making, and how decisions can be improved by specialist techniques such as multi-attribute decision analysis. Emphasis is placed on critically evaluating both the quality of management judgement and the assumptions underlying decision aiding techniques.

Content

• Multiple Objective Decision-Making
• Decisions Involving Multiple Objectives -1
• Decisions Involving Multiple Objectives - 2
• Simplifying SMART: SMARTER
• The VISA Program
• An Alternative MAVA Approach: Even Swaps
• Framing of Decisions - 1
• Framing of Decisions - 2

Learning Outcomes

• By the end of the module students will have:
• a specialist knowledge of the pitfalls of individual decision making;
• a critical appreciation of the assumptions, implications, and limitations of decision analysis techniques.

• By the end of the module students will have:
• advanced skills in, and a critical understanding of, the techniques of multi-attribute decision analysis.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• The module is delivered in discrete Units. These are designed to enable the learning outcomes to be achieved through a combination of specially written material, directed reading, reflection through self-assessed assignments and guidance for further reading. Module tutors provide feedback on formative work and are available for individual consultation as necessary (by email, telephone, post or fax).
• The written assignment will test students’ understanding of relevant concepts and their ability to apply and interpret what they have learned to the analysis of a particular issue in depth.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

1 Compulsory Tutor Assessed Assignment, (1,500 words).