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IB94S - Decision Analysis Consulting

  • Module code: IB94S
  • Module name: Decision Analysis Consulting
  • Department: Warwick Business School
  • Credit: 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

The module covers the methodologies and techniques of Decision Analysis, a well established and widely applied modelling approach to business decision making, and some of the modelling and consultancy skills necessary for their deployment and use in a variety of organisational settings (e.g. private, public and non-for profit sectors). Students will also gain practical experience in decision analysis modelling using HIVIEW, EQUITY, Precision Tree, and @Risk software.

Principal learning outcomes

Subject knowledge and Understanding: Recognize the complex socio-technical nature of business decision making, and of the role that (model-driven) analytical approaches can play in the structuring, evaluation and implementation of critical business decisions.Key Skills: Develop basic content and process skills for modelling and analysis of critical decisions regarding future organisational choices. Use of decision analysis software.Cognitive skills: Appreciate how decision analysis can be incorporated within a business planning process.Subject-specific/Professional skills: Appreciate a range of decision analysis methodologies and techniques; have critical awareness of the different circumstances in which they may be applicable in practice, and the processes required to ensure their successful deployment.

Timetabled teaching activities

Total contact hours: 30 hours. Lectures: 6 hours on each of 5 days. Module duration (weeks, if applicable): 5 days x 6 hours.

Departmental link

https://my.wbs.ac.uk

Module assessment

Assessment group Assessment name Percentage
15 CATS (Module code: IB94S-15)
A (Assessed work only) Assessed Course Work 100%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core

N/A

Optional

N/A