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Data Based Decision Making - MGNT804

This unit is subject to a quota. Limited places are available. Please refer to the Faculty for further information

This unit addresses the formal methods of decision making. These methods include measuring risk by subjective probabilities; growing decision trees; performing sensitivity analysis; using theoretical probability distributions; simulation of uncertain events; modelling risk attitudes; estimating the value of information; and combining quantitative and qualitative considerations. The main goal of the unit is to show how to build models of real business situations that allow the decision maker to better understand the structure of decisions and to automate the decision process by using computer decision tools.

Credit Points: 4
When Offered:

Term 2 North Ryde - March to June

Term 4 North Ryde - September to December

Staff Contact(s): studentservices@mgsm.edu.au
Prerequisites:

Admission to MMgmt Prerequisite Information

Corequisites:

NCCW(s): MGSM960
Unit Designation(s):
Assessed As: Graded
Offered By:

Macquarie Graduate School of Management

Course structures, including unit offerings, are subject to change.
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