MN32186: Decision science
[Page last updated: 23 May 2025]
| Academic Year: | 2025/26 |
| Owning Department/School: | School of Management |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Honours (FHEQ level 6) |
| Period: |
- Semester 2
|
| Assessment Summary: | CWRI 50%, EXCB 50% |
| Assessment Detail: |
- Application of decision science tools and techniques on a business case study (CWRI 50%)
- Closed-book written examination (EXCB 50%)
|
| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
|
| Requisites: |
|
| Learning Outcomes: |
- Identify the problems associated with unaided decision making.
- Recognise problems which are amenable to decision analysis.
- Implement appropriate decision analysis methods.
- Critically evaluate analyses by considering the underlying normative and behavioural assumptions of decision analysis.
- Evaluate the effectiveness of various tools and/or models in terms of their applicability to different problems.
- Effectively use tools and/or models to approach business problems.
- Communicate results obtained through tools and/or models effectively to stakeholders.
|
| Synopsis: | Investigate how individuals and groups make decisions and identify the weaknesses of unaided decision making and how decision analysis can help to overcome these weaknesses in problems where there may be a plurality of objectives, risk and both qualitative and quantitative attributes. Develop skills around implementing management science models and tools relevant to managers at different levels of an organisation.
|
| Content: | Likely topics for this unit include:
Descriptive models and theories of individual decision making
Problems associated with group decision making
Heuristics and biases in probability assessment
The underlying rationale of decision analysis
Decision problems involving multiple objectives under conditions of certainty
Decision problems under uncertainty
Approaches of management science for approaches to inventory systems, quantitative marketing, queueing theory, systems dynamics, and scheduling and transportation problems
|
| Course availability: |
MN32186 is Optional on the following courses:
School of Management
- UMMN-AFB10 : BSc(Hons) Accounting and Finance (Year 3)
- UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 4)
- UMMN-AFB11 : BSc(Hons) Accounting and Management (Year 3)
- UMMN-ANB07 : BSc(Hons) Business with Thin sandwich placement(s) (Year 4)
- UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 4)
- UMMN-AFB14 : BSc(Hons) Management (Year 3)
- UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 4)
- UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 4)
|
Notes: - This unit catalogue is applicable for the 2025/26 academic year only. Students continuing their studies into 2026/27 and beyond should not assume that this unit will be available in future years in the format displayed here for 2025/26.
- 好色tv and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
|
