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BUSI41215: DECISION ANALYSIS FOR MANAGEMENT JUDGEMENT (DL)

It is possible that changes to modules or programmes might need to be made during the academic year, in response to the impact of Covid-19 and/or any further changes in public health advice.

Type Tied
Level 4
Credits 15
Availability Not available in 2023/24
Module Cap
Location Durham
Department Management and Marketing

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combinations of Modules

  • None.

Aims

  • To give students an in-depth understanding at an advanced level of the complexities of decision making, and how decisions can be improved by specialist techniques such as multi-attribute decision analysis. Emphasis is placed on critically evaluating both the quality of management judgement and the assumptions underlying decision aiding techniques.

Content

  • Multiple Objective Decision-Making
  • Decisions Involving Multiple Objectives -1
  • Decisions Involving Multiple Objectives - 2
  • Simplifying SMART: SMARTER
  • The VISA Program
  • An Alternative MAVA Approach: Even Swaps
  • Framing of Decisions - 1
  • Framing of Decisions - 2

Learning Outcomes

Subject-specific Knowledge:

  • By the end of the module students will have:
  • a specialist knowledge of the pitfalls of individual decision making;
  • a critical appreciation of the assumptions, implications, and limitations of decision analysis techniques.

Subject-specific Skills:

  • By the end of the module students will have:
  • advanced skills in, and a critical understanding of, the techniques of multi-attribute decision analysis.

Key Skills:

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • The module is delivered in discrete Units. These are designed to enable the learning outcomes to be achieved through a combination of specially written material, directed reading, reflection through self-assessed assignments and guidance for further reading. Module tutors provide feedback on formative work and are available for individual consultation as necessary (by email, telephone, post or fax).
  • The written assignment will test students understanding of relevant concepts and their ability to apply and interpret what they have learned to the analysis of a particular issue in depth.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotalMonitored
D L Study Units (a combination of specially written material, directed reading, self-assessed assignments and guidance for further reading)150 
Total150 

Summative Assessment

Component: Written AssignmentComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
Written Assignment 4,000 words maximum100 

Formative Assessment

1 Compulsory Tutor Assessed Assignment, (1,500 words).

More information

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