Please note
This document only provides information for the academic year selected and does not form part of the student contract
School:
Huddersfield Business School
Credit Rating:
20
Level (including FHEQ):
I (FHEQ Level 5)
Graded or Non Graded:
Graded
Version Valid From:
2022-09-01
Module Leader:
Kay Smith
Version Number
2022.02
Learning Methods
Guided Independent Study
Lecture
Tutorial and Project Supervision
Synopsis
This module will examine the quantitative aspects of decision making that are of particular value to accountants. You’ll have the opportunity to identify appropriate modelling methods and tools for a variety of financial and business problems and evaluate the various models available to improve problem solving and decision making in … For more content click the Read More button below.
Learning Strategy
Lectures will be used to present knowledge and skills for all major areas of the module. Students will use lecture material, supplemented by additional reading, to solve problems in the tutorial sessions. Where appropriate, statistical packages will be used.
We work continuously with our school’s VLE team to keep abreast … For more content click the Read More button below.
Outline Syllabus
The role of management science/operational research in decision making.The process of MS/ORForecasting Methods : causal, time series, exponential smoothing models.Decision making under uncertainty.Why these models are useful in a financial environment.Mathematical programming models : linear programming, transportationProject management methods, critical path analysis, Gantt charts.Simulation models, including queuing models.Inventory control models.Operations … For more content click the Read More button below.
Learning Outcomes
On successful completion of this module students will
1.
Identify appropriate modelling methods and tools for a variety of financial and business problems.
2.
Evaluate the various models available to improve problem solving and decision making in financial and business situations.
3.
Structure a problem
4.
Build models both manually and using appropriate software
5.
Validate models
6.
Assess the robustness, applicability and limitations of solutions
Formative Assessment
Assessment 1: Other
Summative Assessment
Assessment 1: In-Class Test
Assessment 2: Exam
Assessment Criteria
The assessment criteria are as set out in the Huddersfield Business School Assessment Guidelines. The guidelines provide criteria for the assessment of both coursework’s and examinations.
In addition to the generic criteria from the programme specification document and the learning outcomes, the following criteria will apply:
In-depth logical analysis based … For more content click the Read More button below.
Clear presentation of mathematical workings and full explanation of methods used;
Accurate and complete numerical answers, with carefully reasoned conclusions and recommendations.