Management Science for Business Decisions
| Code | School | Level | Credits | Semesters |
| BUSI2048 | Business | 2 | 10 | Autumn UK |
- Code
- BUSI2048
- School
- Business
- Level
- 2
- Credits
- 10
- Semesters
- Autumn UK
Summary
This module develops an understanding of when and how different approaches, models and methods are used in management decision-making. Areas covered include: optimisation models and methods, project management methods, queuing systems and simulation, sequencing and scheduling
Target Students
Part I and II undergraduate students. Also available to Exchange students
Classes
- One 2-hour workshop each week for 3 weeks
- One 2-hour lecture each week for 11 weeks
Assessment
- 70% Exam 1 (2-hour): In person examSection A - Answer 4 from 6 questions.Section B - Answer 2 from 4 questions.
- 30% Exam 2 (2-hour): Online computer-based in class exam
Assessed by end of autumn semester
Educational Aims
The module aims to provide an introduction to the methods and techniques of management science in business and industry with an emphasis on the management of operations. The module emphasises applications and implementationsLearning Outcomes
Knowledge and understanding
This module develops a knowledge and understanding of:
• The management of resources
• Management science models
Intellectual skills
This module develops:
• The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
• Conceptual and critical thinking, analysis, synthesis and evaluation
Professional practical skills
This module develops:
• Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena
Transferable (key) skills
This module develops:
• Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time performance.