MIS775 - Decision Modelling for Business Analytics

Unit details

Year

2017 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:

J Cybulski

Prerequisite:

MIS770 for M722,M761, M661 and M755 students ONLY

Corequisite:

Nil

Incompatible with:

Nil

Contact hours:

Campus: 1 x 2 hour class, 1 x 1 hour computer lab per week
Cloud(online): Learning resources are via CloudDeakin

Content

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

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

Unit fee information available soon