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IB391 - Decision Analysis

  • Module code: IB391
  • Module name: Decision Analysis
  • Department: Warwick Business School
  • Credit: 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

The module covers two important and strongly related areas of business analysis: decision analysis and efficiency assessment. The methodologies developed in the module have numerous applications in the private and public sectors. The module is supported by the use of specialised software and spreadsheets.

Principal learning outcomes

By the end of the module, you should be able to: understand mathematical models and methods used in decision analysis and performance measurement; formulate business-related decision problems in a structured form suited to solution by the use of mathematical techniques; apply decision analysis techniques to the solution of the problems using appropriate software; assess the efficiency of organisational units under various assumptions about the operational environment; interpret the results of your analysis and report on your findings in a manner suited to a business context; critically assess the relevance and limitations of the methods; use linear programming for modelling decision making processes.

Timetabled teaching activities

2 x 1 hour lecture per week, 1 x 1 hour tutorial per week

Departmental link

http://www.wbs.ac.uk/students/undergraduate/

Module assessment

Assessment group Assessment name Percentage
15 CATS (Module code: IB391-15)
D (Assessed/examined work) Assessed Work 100%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core

N/A

Optional
  • Undergraduate Mathematics and Economics (with Intercalated Year) (GL12) - Year 4
  • Undergraduate Economics 4 Year Variants (L114) - Year 4