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    ModuleOutline (BUSI4489 - 2024-25)

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    ModuleOutline (BUSI4489 - 2024-25)

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    Decision validation

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    7 views6 pages

    ModuleOutline (BUSI4489 - 2024-25)

    Uploaded by

    talha77050
    Decision validation

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    BUSI4489 Management Science for Decision Support

    20 Credits Level 4 Semester 1 2024/25

    This Outline should be read in conjunction with the Student Handbook.

    Details of Module Convenor and Teaching Staff


    Module Convenor: Luc Muyldermans
    Location: C12 (Si Yuan Building, Jubilee Campus)
    Email Address: [email protected]
    Telephone No: 0115 8467746
    Availability Statement: Online by appointment or face to face by appointment

    Details of External Examiner


    Name: Atanu Chaudhuri
    Position: Professor in Technology & Operations Management
    Institution: Durham University

    Pre-requisites
    None

    Co-requisites
    None

    Anti-requisites
    None

    Breakdown of Student Learning Hours


    20 credit modules are expected to comprise a minimum of 200 hours of work. However,
    students may need to undertake more hours that this in order to absorb all the material
    fully. Remember your time will be spread over: attending lectures; reading, thinking,
    practicing questions and revision.

    11x2 hours (22 hours) face to face lecture sessions supplemented by pre-recorded
    material; 10 hours (5x2 hours) tutorial sessions/examples classes; coursework
    preparation = 48 hours; independent study (background reading and revision) = 120
    hours.

    Method of Assessment
    Type Weigh Length Assessed In
    t

    In Person Exam (Exam) 75% 2 hours Autumn

    Coursework 25% 1500 words Autumn


    Default Reassessment Method
    In Person Exam (2 hours)

    Method of Delivery/ Frequency of Class


    Type Length Number Details

    Lecture 2 hours 11

    Computer Lab 2 hours 5

    Lecture Timetable Slot


    The face to face lecture sessions will take place on Thursdays 11am-1pm on Jubilee
    Campus, Jubilee Conference Centre Auditorium. Additional material (pre-recorded) may
    be placed on Moodle and I will inform students when this material is available and when
    to watch it before the next lecture or tutorial session.

    Outline Syllabus
    Week Date Lecture topic
    2 3rd October Introduction to the module and introduction to Linear
    Programming

    3 10th October Formulating Linear Programmes

    4 17th October Sensitivity Analysis

    5 24th October Goal Programming


    st
    6 31 October Network Models

    7 7th November Integer Programming

    8 14th November Review of Probability; Introduction to Queuing Models


    th
    9 21 November Introduction to Simulation

    10 28th November Discrete Event Simulation

    11 5th December Simulation (cont’d); Decision Theory


    th
    12 12 December Module Review

    Tutorial sessions /Exercise classes


    There are 10 hours of tutorial sessions / exercise classes (5x2 hours) to supplement the
    lectures. These sessions are on Tuesdays 4pm-6pm, in Room C33, Exchange Building.
    Students should bring their own laptop and should have MS Excel installed on it. The
    tutorials demonstrate the following topics:
    Week 4 Tue 15/10, Solving LPs with Excel Solver
    Week 6 Tue 29/10, Sensitivity Analysis
    Week 8 Tue 12/11, Network Models
    Week 10 Tue 26/11, Integer Programming / Queuing Models
    Week 11 Tue 3/12, Simulation / Decision Theory
    Exam Assessment Format
    The exam paper (2 hour in person closed book examination) has two sections. Section A
    containing 5 short sub-questions or parts and students have to answer all 5 parts
    (compulsory). Section B containing 3 questions of which students answer two questions.
    40% of the marks are allocated to Section A; and 60% to Section B.

    In the exam paper you will be offered a choice over which questions to answer. If you
    supply answers in excess of the number requested, the excess answers will not be
    marked. In such cases the ordering of the questions as listed by you on the front of the
    answer book or, if you do not supply such a list, the order in which they appear inside
    the answer booklet, will be used to determine which answers will be marked.

    Full details of coursework or other non-exam assessment


    There is one individual assignment worth 25% of the overall mark for the module.
    Individual means that you have to complete and write up the reports individually. On
    submission through Moodle, the Turnitin software checks similarities between
    coursework reports and reports with a too high similarity are investigated for academic
    misconduct offences.

    Coursework Submission Requirements:


    Coursework reports have to be submitted electronically via Moodle. The due date for
    submission of the assignments is Thursday 5 th December 2024, 3 pm. The indicative
    word limit is 1500 words.

    Late submission will attract a mark penalty unless an extension has been approved by
    Student Services. Please familiarise yourself with the extenuating circumstances policy
    and process for submitting a claim.
    A maximum word count will be set by the module convenor and must be adhered to. The
    penalty for exceeding this limit is a five mark deduction.

     The actual word count of the assignment must be stated by the student on the
    first page (cover sheet) of the assignment.
     The overall word count does include citations and quotations.
     The overall word count does not include the references or bibliography at the end
    of the coursework.
     The word count does not include figures and tables.
     Appendices may or may not be included in the word count as specified by the
    Module Convenor. For this module the following applies: Appendices are not
    included in the overall word count.

    Students should prepare and submit their coursework assessments in


    the following format:

    Font: Verdana 11 point


    Spacing: 1.5 spaced
    Margins: Normal (2.5cm)
    Referencing: Harvard citation style

    Module Aims
    The module aims to provide an understanding of the methods and techniques of
    Management Science with applications in business and industry, including Operations
    Management and related areas. Students will learn how to apply the more common
    optimisation techniques for a range of problems. Simulation is another important tool
    for aiding the design and management of operations in manufacturing and service
    industries. The module introduces the principles, roles and practice of simulation. The
    mechanics of simulation, the conduct of a simulation study, and the software available
    will all be covered.

    Learning Objectives and Outcomes


    Knowledge and understanding
    This module develops a knowledge and understanding of:
     The management of resources
     The management of operations
     The management of logistics
     Tools and techniques for transforming (big) data into useful information for
    business analysis and decision support
     Management science models and solution techniques

    Intellectual skills
    This module develops:
     Being able to think critically and be creative: manage the creative processes in
    self and others; organise thoughts, analyse, synthesise and critically appraise.
    This includes the capability to identify assumptions, evaluate statements in terms
    of evidence, detect false logic or reasoning, identify implicit values, define terms
    adequately and generalise appropriately
     Being able to solve complex problems and make decisions: establish criteria,
    using appropriate decision-making techniques including identifying, formulating
    and solving business problems; and the ability to create, identify and evaluate
    options; the ability to implement and review decisions
     Using information and knowledge effectively in order to abstract meaning from
    information and to share knowledge, including the use of quantitative skills

    Professional practical skills


    This module develops:
     The ability to conduct research and enquiry into business and management
    issues either individually or as part of a team through research design, the
    collection and analysis of qualitative data, synthesis and reporting

    Transferable (key) skills


    This module develops:
     Effective communication: networking, listening, oral and written communication
    of complex ideas and arguments, using a range of media, including the
    preparation of business reports
     The ability to apply management science techniques

    Past Examination Papers


    Logon to https://rdmc.nottingham.ac.uk/handle/internal/382 and search for past
    examination papers for this module. (Help for this site can be found in this user guide.
    You may need to copy these addresses into your browser rather than clicking on the
    links.)
    Module Details on Moodle
    Moodle (moodle.nottingham.ac.uk) contains the definitive module outline (including all
    assessment details), and assessment feedback and review pages. You can see
    information on previous student performance and Student Evaluation of Module (SEM)
    feedback on the module (if available). For most modules, Moodle also contains module
    forums, module news and announcements, and a module home page that provides
    access to online materials.

    Accessibility/Disability

    If you have accessibility, disability or extenuating circumstance issues then please follow
    the guidance available from:
    Disability Support Services

    Extenuating Circumstances

    Reading List
    The following book is the main module text and an online version of this text is available
    in Nottingham University e-library.

    Balakrishnan, Render, Stair & Munson (2017), Managerial Decision Modeling:


    Business Analytics with Spreadsheets, 4th edition, De Gruyter.
    Older editions of this book are equally useful, for example:
    Balakrishnan, Render & Stair, "Managerial Decision Modelling with
    Spreadsheets", 3rd edition, Prentice Hall, New Jersey, 2011. (This 3 rd edition has
    been updated for Excel 2007/2010)

    Note: The newer international 3rd edition (Aug 2013, Paperback, 588 pages ISBN:
    9781292024196) doesn’t have Chapter 4 Sensitivity Analysis.

    The other books listed below will also be useful as supplementary reading for all or part
    of the module:

    Similar to main text (with focus on spreadsheet modelling):

    Hillier & Hillier (2018): Introduction to Management Science: A Modeling and


    Case Studies Approach with Spreadsheets, 6 th Edition, McGraw Hill, ISBN
    9781260091854

    Albright & Winston (2015): Practical Management Science: Spreadsheet


    Modeling and Applications, 5th Edition, Cengage Learning, ISBN 9781305631540

    General Management Science text that also cover algorithmic approaches:

    Anderson, Sweeney, Williams & Martin (2012): An Introduction to


    Management Science: Quantitative Approaches to Decision Making, 13 th Edition,
    Cengage Learning, ISBN 978053847565

    Winston (2004): Operations Research: Applications and Algorithms, 4 th Edition,


    Thomson, ISBN 9780534423629

    Taha (2017): Operations Research: An Introduction, 10th Edition, Pearson, ISBN


    9781292165547
    Hillier & Lieberman (2015): Introduction to Operations Research, 10th
    Edition, McGraw Hill, ISBN 9780073523453

    Discrete Event Simulation:


    Kelton, Sadowski & Zupick (2015): Simulation with Arena, 6th Edition, McGraw Hill,
    ISBN 9781259174513

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