BUSINESS ANALYSIS AND MODELLING

BUO5BAM

2015

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-Boon Oh

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjects BUA5BAM

Equivalent subjectsN/A

Special conditions Available only to students enrolled in LMMBAO

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsQuantitative Analysis for Management,PreliminaryRender, B., Stair, R. M. and Hanna, M. E.,11TH ED., PRENTICE-HALL INTERNATIONAL: NJ. .

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

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Start date between: and    Key dates

Online, 2015, Teaching Session 4, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorKok-Boon Oh

Class requirements

Scheduled Online Class Week: 24 - 29
One 3.0 hours scheduled online class per week from week 24 to week 29 and delivered via online.
"Access via subject website; additional online facilitated discussions will also occur for this subject. Please refer to subject learning guide."

Assessments

Assessment elementComments% ILO*
4 x mini case studies (5% each)20 01, 02, 03, 05
4 x online quizzes (10% each)40 01, 02, 03, 04, 05, 06
Group research assignment (Proposal (5%); Presentation (5%) and Report (30%) (3000 words)40 01, 02, 03, 05