## LLLC2277 Management Decision Making

### 20 creditsClass Size: 22

Module manager: David Gilding
Email: d.gilding@leeds.ac.uk

Taught: 1 Jan to 31 May View Timetable

Year running 2018/19

### This module is mutually exclusive with

 MATH1710 Probability and Statistics I MATH1712 Probability and Statistics II

This module is not approved as a discovery module

### Module summary

This module introduces you to a range of quantitative techniques that are commonly used as management decision making tools. You will also develop an understanding of the limitations of the application of quantitative techniques within a decision making context.

### Objectives

The aims of the module are to enable the student to:
-Analyse and interpret quantitative data
-Apply quantitative and statistical techniques
-Present quantitative information in a suitable format for use by management

Learning outcomes
On successful completion of the module students will be able to:
- Apply and interpret probability theory and decision analysis
- Apply and interpret inferential statistical tests
- Formulate and interpret a linear programming model
- Apply and interpret time-series analysis

Skills outcomes

### Syllabus

The content will cover such areas as:
-Central tendency and variability
- Probability theory and decision trees
- Sampling Theory and the Central Limit Theorem
-Confidence Intervals
-Hypothesis Testing
- Linear programming
- Time series analysis.

### Teaching methods

 Delivery type Number Length hours Student hours Workshop 13 1.50 19.50 Private study hours 180.50 Total Contact hours 19.50 Total hours (100hr per 10 credits) 200.00

### Private study

- Critical reflection on practice: 39 hours
- Examination preparation: 30 hours
-Assignment preparation 31.5 hours

### Opportunities for Formative Feedback

Through regular workshops, monitoring of student contributions and the staged submission of formative assessment.

### Methods of assessment

Coursework
 Assessment type Notes % of formal assessment In-course Assessment 2 hour exam 50.00 In-course Assessment 2 hour exam 50.00 Total percentage (Assessment Coursework) 100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated