Module BUSI41X15: ADVANCED BUSINESS MODELLING (DL)

Department: Management and Marketing

BUSI41X15: ADVANCED BUSINESS MODELLING (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 provide students with an advanced understanding of and ability to use some of the methods commonly used in solving complex business problems of the type which may be formulated (at least in part) as quantitative models

Content

• Overview of systems concepts and model building.
• Further optimisation (building on core teaching).
• Simulation.
• Game theory
• Forecasting using time series and behavioural models.

Learning Outcomes

• By the end of this module, students should:
• Have an advanced knowledge of the structures and requirements of some models commonly used for optimisation, forecasting and other tasks within the business context.
• Be familiar with selected specialist software applications.

• By the end of this module, students should:
• be able to formulate and solve complex business problems and then interpret the solutions to improve business performance;
• be able to use selected specialist software applications.

• Effective written communication.
• Planning, organising and time management.
• Problem solving and analysis.
• Using initiative.
• Advanced computer literacy skills.

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 summative assignment will test students' knowledge and understanding of business models and their ability to apply relevant techniques to the analysis of a business problem.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Written assignment of 1,500 words (maximum)