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BUSI41215: DECISION ANALYSIS FOR MANAGEMENT JUDGEMENT (DL)

Type Tied
Level 4
Credits 15
Availability Not available in 2024/2025
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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