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QM365 Business Decision Making

Updated: 16 February 2010
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study Online Level
Armidale Semester 1 Off Campus C - Internet access required
Armidale Semester 1 On Campus C - Internet access required
Intensive School(s) None
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites 48cp and either ECON101 or QM161
Co-requisites None
Restrictions ARE315 or ARE415 or QM240 or QM265 or QM340
Notes None
Combined Units QM265 - Business Decision Making
Coordinator(s) Peter Tozer (ptozer1@une.edu.au)
Unit Description

This unit provides a working understanding of some of the principal techniques used in business decision making. Topics covered include: linear programming, data envelopment analysis, transportation and assignment problems, goal programming, project scheduling, inventory models, decision theory and games. These techniques can be used to solve problems in areas as diverse as product mixing and blending, firm efficiency and benchmarking, project management and multiperiod financial planning. Real-world examples are provided. Problems and exercises are solved using a simple menu-driven software package.
Prescribed Material
Mandatory 		Text(s):

Note: Students are expected to purchase prescribed material

Introduction to Management Science
ISBN: 9780132457576
Taylor III, B.W., Prentice Hall 10th ed. 2009
Text refers to: Semester 1 , On and Off Campus
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Title Exam Length Weight Mode No. Words
Assignment 1 8%
Assessment Notes
Word length not applicable owing to the statistical nature of the assignment.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6
Assignment 2 8%
Assessment Notes
Word length not applicable owing to the statistical nature of the assignment.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6
Assignment 3 8%
Assessment Notes
Word length not applicable owing to the statistical nature of the assignment.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6
Assignment 4 8%
Assessment Notes
Word length not applicable owing to the statistical nature of the assignment.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6
Assignment 5 8%
Assessment Notes
Word length not applicable owing to the statistical nature of the assignment.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6
Assignment 6 8%
Assessment Notes
Word length not applicable owing to the statistical nature of the assignment.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6
Assignment 7 8%
Assessment Notes
Word length not applicable owing to the statistical nature of the assignment.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6
Final Examination 2 hrs 44%
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-4 GA: 1-6

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. introduce a number of management science techniques that may be used for making decisions in business environments;
  2. present examples of decision-making environments in that each of these techniques can be applied;
  3. illustrate the role of computers in the application of management science techniques;
  4. provide a feel for both the limitations and potential uses of management science techniques in complex decision-making environments.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
The knowledge is extended through the discipline content of the unit. 		True True True
2 Communication Skills
Students must interpret results and explain them clearly and concisely. 		True True
3 Global Perspectives
Assignments include examples from a variety of countries and industries. 		True
4 Information Literacy
All assignments involve application of software to solve problems. 		True True True
5 Life-Long Learning
The principles learned are useful forever. 		True
6 Problem Solving
Problem solving is the central theme of this unit. 		True True True
   

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