buo5bam bus. analysis and modelling
BUSINESS ANALYSIS AND MODELLING
BUO5BAM
2016
Credit points: 15
Subject outline
This subject aims to provide you with a strong foundation in quantitative skills for effective managerial decision-making. Throughout the subject the emphasis will be on two areas:learning conceptual knowledge through modelling and problem-solving (using manual and computer application software) and critical thinking through application of these models in case analysis and discussion. Quantitative techniques and concepts have had a dramatic impact on managerial decision-making in finance, marketing and operations by assisting the manager in the process of making scientific, informed and rational decisions. It is common for decision makers in the modern business world to be overwhelmed by the vast amounts of data that accumulate on customers, products, markets and internal operations. It is therefore important that they familiarise themselves and become comfortable and competent in data analysis and modelling tools.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorKok-Leong Ong
Available to Study Abroad StudentsYes
Subject year levelYear Level 5 - Masters
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites students must be enrolled in LMMBAO, LMMBA or LMMBAA to do this subject
Co-requisitesN/A
Incompatible subjects BUA5BAM
Equivalent subjects BUA5BAM
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Quantitative Methods for Business | Prescribed | Anderson, Sweeney, Williams, Camm, Cochran, Fry & Ohlmann | 1TH ED., Cengage Learning |
Graduate capabilities & intended learning outcomes
01. Student will demonstrate creative problem solving skills using strategies and tactics in operations management
- Activities:
- Learn techniques of modelling to apply, compute, and interpret models / Identify management problems that can be solved through models
- Related graduate capabilities and elements:
- Creative Problem-solving(Creative Problem-solving)
02. Students will demonstrate communication skills in quantitative methods
- Activities:
- Case study analysis and problem identification to communicate effectively results and solutions
- Related graduate capabilities and elements:
- Writing(Writing)
- Speaking(Speaking)
- Information Literacy(Information Literacy)
03. Students will demonstrate critical thinking skills for problem solving of quantitative decision issues
- Activities:
- Think structurally and scientifically about decision problems
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
04. Students will demonstrate inquiry and quantitative research skills and techniques
- Activities:
- Identify, collate and source relevant data that will aid decision making / Acquire knowledge and power of management science models
- Related graduate capabilities and elements:
- Information Literacy(Information Literacy)
- Critical Thinking(Critical Thinking)
- Inquiry/ Research(Inquiry/ Research)
05. Students will demonstrate quantitative skills for solving business problems
- Activities:
- Readings, problem solving and case study analysis to connect quantitative methods with other functional fileds in an organisation.
- Related graduate capabilities and elements:
- Writing(Writing)
- Critical Thinking(Critical Thinking)
- Inquiry/ Research(Inquiry/ Research)
- Speaking(Speaking)
- Information Literacy(Information Literacy)
06. Students will gain knowledge and demonstrate literacy in the operations management field
- Activities:
- Collective problem solving through thought and knowledge sharing
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
- Information Literacy(Information Literacy)
- Writing(Writing)
- Speaking(Speaking)
- Creative Problem-solving(Creative Problem-solving)
Subject options
Select to view your study options…
Online, 2016, Teaching Session 5, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorKok-Boon Oh
Class requirements
Scheduled Online ClassWeek: 31 - 36
One 3.0 hours scheduled online class per week on any day including weekend during the day from week 31 to week 36 and delivered via online.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| 4 x mini case studies (10% each) | 40 | 01, 02, 03, 05 | |
| 4 x online quizzes (5% each) | 20 | 01, 02, 03, 04, 05, 06 | |
| Group research assignment (Proposal (5%); Presentation (5%) and Report (30%) (3000 words) | 40 | 01, 02, 03, 05 |
Online, 2016, Teaching Session 1, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorKok-Boon Oh
Class requirements
Scheduled Online ClassWeek: 03 - 08
One 3.0 hours scheduled online class per week on any day including weekend during the day from week 03 to week 08 and delivered via online.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| 4 x mini case studies (10% each) | 40 | 01, 02, 03, 05 | |
| 4 x online quizzes (5% each) | 20 | 01, 02, 03, 04, 05, 06 | |
| Group research assignment (Proposal (5%); Presentation (5%) and Report (30%) (3000 words) | 40 | 01, 02, 03, 05 |