ETW3480 - Decision analysis for managers
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Dr Mak Kok Sun
Sunway First semester 2009 (Day)
This subject covers computer models of business operations, how they are built, and the way they are used in decision-making. The principles of decision-making under risk and the Monte Carlo simulation method are introduced and applied, together with other quantitative methods, to a range of problems in supply chain management. A training in more advanced aspects of Microsoft Excel is provided with a particular emphasis on the use of Visual Basic for Applications to customise spreadsheet models.
The learning goals associated with this unit are to:
- expand the understanding of quantitative methods in business
- enhance analytical skills for problem solving
- increase computing skills for business modelling with spreadsheets
- provide a better understanding of common problems in business and the impact of risk.
Within semester assessment: 30%
Examination (2 hours): 70%
Two 1-hour lectures and one 2-hour tutorial per week