BMAN73271 : Decision Behaviour, Analysis and Support

Credit rating 15
Teaching period(s) Semester 1
Aims

The aim of this module is to provide a state-of-the-art overview on decision making in a variety of organisational settings (e.g. private, public and not-for-profit sectors). It explores how decision analysis and decision aiding technologies can help individuals, groups and organisations make better decisions. Drawing from decision theory, behavioural and psychological studies, information systems, artificial intelligence, operational research and organisational studies, the course highlights the multi-faceted challenges of decision making. The main emphasis is on prescriptive theories of decision making.

In summary, participants will gain an understanding of the capabilities and types of decision frameworks and decision aiding technologies used in businesses and their impact on business performance and competiveness

Objectives (Learning outcomes)

By the end of the course participants will:

  • Become aware of behavioural, normative and prescriptive models of decision making
  • Develop content and process skills for modelling and analysing critical decisions in prescriptive decision support
  • Understand a range of modelling frameworks, methods and tools for designing prescriptive decision processes and facilitating business decisions
  • Become aware of emerging trends in decision support technology
Assessment methods

Project (may involve group activities): 40%

Examination: 60% (2 hours)

Information

Informal Contact Method

Office Hours

Drop in Surgeries (extra help sessions for students on material they may be struggling with)

Course unit overview

Taking decisions and enhancing decision making ability are important skills to have. Operational, tactical and strategic decisions however, are often complex in organisational and policy making contexts. This course provides a better understanding of soundly-based approaches for structuring and analysing decisions in the face of uncertainty and conflicting objectives (Decision Analysis). It explains how decisions are taken (Decision Behaviour) and how we can improve decision making capabilities at individual, group, organisational and societal levels (Decision Support).

Teaching staff No available data to display.
Timetable Assessment written exam - 2 hours
Lectures - 30 hours
Teaching and learning methods No available data to display.