MIS775 - Decision Modelling for Business Analytics

Year:

2021 unit information

Enrolment modes: Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 3: Burwood (Melbourne), Cloud (online)
Credit point(s): 1
Previously coded as: Nil
EFTSL value: 0.125
Cohort rule:

Available to students enrolled in Master's level courses only

Prerequisite:

Nil

Corequisite: Nil
Incompatible with: Nil
Study commitment

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

Scheduled learning activities - campus

1 x 2 hour class, 1 x 1 hour computer lab per week

Scheduled learning activities - cloud (online) 11 x 2 hour class (recordings provided) + 1 hour online seminar/workshop

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.

Hurdle requirement

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

Unit Fee Information

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