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 |
| Staff Contact(s): | studentservices@mgsm.edu.au |
| Prerequisites: |
Admission to MMgmt |
| Corequisites: | |
| NCCW(s): | MGSM960 |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Actuarial Studies and Business Analytics Faculty of Business and Economics |
Course structures, including unit offerings, are subject to change.
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