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MIS775 - Decision Modelling for Business Analytics

Unit details

Year2018 unit information
Enrolment modes:Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 3: Burwood (Melbourne), Cloud (online)
EFTSL value:0.125
Previously coded as:Nil
Cohort rule:

Available to students enrolled in Master's level courses only

Unit chair:

Zahra Hosseinifard


MIS770 or MIS770A for M722,M761, M661 and M755 students ONLY



Incompatible with:


Contact hours:

Campus: 1 x 2 hour class, 1 x 1 hour computer lab per week
Cloud(online): 11 x 2 hour class (livestreamed with recordings provided) + 1 hour online seminar/workshop


This unit aims to provide students with the knowledge and skills to build complex decision models and use advanced quantitative modelling techniques to analyse and develop solutions to business problems.

On completion of the unit students should be able to:
1. Conceptualise, formulate and represent a business problem as a decision model
2. Develop business decision models using software tools
3. Use decision modelling techniques such as optimisation, stochastic modelling and risk analysis
4. Develop and evaluate the utility of alternative solutions
5. Carry out sensitivity analysis
6. Develop an overview of advanced modelling techniques and approaches in Business Analytics.


Assessment 1 (Group of 2-3) - Case Study (1200 words + data analysis)  - 20%

Assessment 2 (Group of 2-3) - Case Study (1200 words + data analysis)  - 30%

Examination: 2 hours - 50%

Hurdle requirement: achieve at least 50% of the marks available on the examination.

Unit Fee Information

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