MIS775 - Decision Modelling for Business Analytics

Unit details

Year:

2024 unit information

Enrolment modes:

Trimester 1: Burwood (Melbourne), Online

Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Lasitha Dharmasena
Cohort rule:

Available to students enrolled in Master's level courses only

Prerequisite:

MIS770/MIS770A

Corequisite:Nil
Incompatible with: Nil
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:

1 x 2 hour on-campus (livestreamed) lecture (recordings provided) and 1 x 1 hour on-campus seminar each week

Educator-facilitated (scheduled) learning activities - online unit enrolment:

1 x 2 hour recorded lecture provided and 1 x 1 hour online seminar (recordings provided) each week

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.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Conceptualise, formulate and represent a business problem as a decision model.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Develop solutions to business problems using advanced decision modelling techniques.

GLO5: Problem solving

ULO3

Interpret and analyse results and evaluate the sensitivity of solutions to the assumptions of the decision models.

GLO4: Critical thinking

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Case Study: Data analysis with written Report (Analytical) Data analysis file plus 1200 words 20% Week 5
Assessment 2: (Individual) Case Study: Data analysis with written Report (Analytical) Data analysis file plus 1800 words 30% Week 11

End-of-unit assessment task: Written

2 hours 50% End-of-unit assessment period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirements: Achieve at least 50% of the marks available on the end-of-unit assessment to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit. 

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MIS775 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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