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Course Outline Sem2

This document outlines a module for decision science. It provides information on instructors, module objectives, topics to be covered by week, assessment details, and required text. Over 12 weeks students will learn about decision analysis, forecasting, project management, queuing theory, linear programming, and inventory management.

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Kayy La
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Download as DOCX, PDF, TXT or read online on Scribd
8 views

Course Outline Sem2

This document outlines a module for decision science. It provides information on instructors, module objectives, topics to be covered by week, assessment details, and required text. Over 12 weeks students will learn about decision analysis, forecasting, project management, queuing theory, linear programming, and inventory management.

Uploaded by

Kayy La
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MODULE OUTLINE FOR MAN3020 – SEM 1 AY 2022/23

UNIVERSITY OF TECHNOLOGY, JAMAICA


MODULE OUTLINE
COLLEGE Business and Management
SCHOOL/DEPT School of Business Administration/Production and Operations
Management
COURSE OF STUDY Bachelor of Business Administration
LEVEL 3
SEMESTER & YEAR Semester1 A/Y 2022
MODULE TITLE Decision Science
MODULE CODE MAN 3020
DURATION 45 hours
CREDIT VALUE 3
PREREQUISITES i. Introduction to Management (MAN 1006)
ii. Calculus for Social Sciences (MAT 1045)
iii. Business Statistics (STA 2004)

INSTRUCTORS CONTACT
TUTOR EMAIL
Alexis Hewitt [email protected]
Courtney Lawes [email protected]
Hervin Rowe [email protected]
Floyd Gordon [email protected]
Denworth Finnikin [email protected]

1.0 MODULE DESCRIPTION

This course allows students to formulate mathematical models of data and to use computer software models to
generate optimal solutions that can guide business decisions

2.0 MODULE OBJECTIVES/LEARNING OUTCOMES

General Objectives
Upon completion of the module, the student should be able to:
1) Apply quantitative analysis techniques to business problems;
2) Make decisions for business controls by establishing criteria, alternatives and using
the appropriate quantitative model.
1. Please be aware that my notes may not exactly match those on the power points, as I prepare from many different
sources. However, the principles will be the same.

2. Assessment: Test 1 25%


Test 2 25%
Final Exam 50%
Total 100%
3. Students must ensure their name, student ID number and Tutor’s name are clearly stated on the answer
script for ALL ASSESSMENTS.
4. RESIT(S) OF MISSED TESTS/EXAMS WILL BE GOVERNED ACCORDING TO THE STUDENT HANDBOOK
5. Lectures will not be taught in tutorials so students should ensure they watch the lecture recording.
6. Students should seek clarity at lectures and bring additional questions including attempted tutorial
questions to tutorials
7. Students are to complete tutorial questions BEFORE going to their tutorials
8. Students who cheat in assessments by exchanging answers will be penalized

1
MODULE OUTLINE FOR MAN3020 – SEM 1 AY 2022/23

WEEK/
DATE Beginning: TOPICS
Week 1 /Jan15 Models and Modelling (a quick introduction will be done in lecture; Tutors, please cover through
discussion and MCQs in the tutorials)
Week 2 /Jan 22 Probabilistic Models – Decision Analysis
Week 3 / Jan29 Applying Models to real world problems – Forecasting
Week 4 / Feb5 Applying Models to real world problems – Forecasting
Week 5/ Feb 12 PROJECT MANAGEMENT
 Program Evaluation & Review Technique & Critical Path Method
(PERT & CPM)

Week 6/ Feb19 PROJECT MANAGEMENT


 Program Evaluation & Review Technique & Critical Path Method
(PERT & CPM)

Week 7 Test 1: TOPICS TO BE TESTED ON: DECISION ANALYSIS AND FORECASTING UP TO TIME SERIES ONLY
Sunday Feb 25 THERE ARE NO MCQS. ALL QUESTIONS ARE STRUCTURED
at 4pm

Week 7 / Feb 26 PROJECT MANAGEMENT/BEGINNING OF QUEUING THEORY

Week 8 /Mar 4 Queuing Theory & Models

Week 9 TEST 2:
Sunday Mar 10 at 2nd Test–TOPICS: FORECASTING PART 2(LINEAR REGRESSION using formulae and excel) &
4pm PERT/CPM IN PROJECT MANAGEMENT. NO MCQS. ALL QUESTIONS ARE STRUCTURED

Week 9 / Mar 11
OPTIMIZATION OF LINEAR MODELS – Linear Programming
 Formulate Linear Programming (LP) Models
 Spreadsheet Models
 Use the Corner Point Method to solve LP models

Week 10 /Mar 18
OPTIMIZATION OF LINEAR MODELS – Linear Programming
Week 11/ Mar 25 Inventory
Week 12/ Apr 1 Revision

FINAL EXAMINATIONS
Topics (Project Management – projects with deterministic times, Queuing, Linear Programming,
Inventory Management. ALL QUESTIONS ARE COMPULSORY. THERE ARE NO MULTIPLE CHOICE
QUESTIONS ON THIS EXAM

9.Required Text: Balakrishnan, N. Render, B. Stair, R. M., Managerial Decision Modelling with Spreadsheet, 2nd edition,
2003, Prentice Hall 10. Additional Reading: Introduction to Management Science: A Quantitative Approach to
Decision Making 12th edition. ISBN: 9780324399806; Related Quantitative Business Analysis texts and Use of the Internet to
access relevant material.

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