2021/22 Taught Postgraduate Module Catalogue

LUBS5957M Applied Decision Making

Module manager: Peter Ayton
Email: P.Ayton@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2021/22

Pre-requisites

LUBS5958M

Behavioural Aspects of Management Decision Making

This module is not approved as an Elective

Objectives

This module provides a deeper appreciation of effective management decision making, focusing on the practical application of behavioural decision theory to complex, real world and managerial issues. It will provide the PGR students with the opportunity to develop their decision-making and analytical skills by introducing topics like negotiation and mental accounting while enhancing their skills in the use of decision aids.

Learning outcomes
Upon completion of this module students will be able to:
- understand the complexities and best practice for negotiation
- understand the issues and biases in group decision-making
- appreciate mental accounting from the area of behavioural economics
- utilise a range of structured decision aids designed to improve human decision making at both theoretical and practical levels
- utilise the statistical language R for analysis and decision-making

Syllabus

The following is the indicative syllabus
1. Negotiation
2. Group Decision Making
3. Mental Accounting
4. Advanced Decision aids – TOPSIS and SURE
5. Introduction to R and the MCDA package
6. Using analytical methods in R for decision-making

Teaching methods

Delivery type	Number	Length hours	Student hours
Workshop	10	2.00	20.00
Private study hours			130.00
Total Contact hours			20.00
Total hours (100hr per 10 credits)			150.00

Private study

Pre and post session reading
Seminar preparation

Opportunities for Formative Feedback

Participants will receive verbal feedback during workshops on the contribution made during the discussions.

Reading list

There is no reading list for this module

Last updated: 14/02/2024

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