- Module code: IB94S
- Module name: Managerial Decision Making
- Department: Warwick Business School
- Credit: 15
Module content and teaching
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.
|Assessment group||Assessment name||Percentage|
|15 CATS (Module code: IB94S-15)|
|A (Assessed work only)||Individual Assignment (3500 words)||100%|
This module is available on the following courses: