## LLLC2298 Management Decision Making

### 20 creditsClass Size: 45

Module manager: Andrew Richardson
Email: A.X.Richardson@leeds.ac.uk

Taught: 1 Feb to 31 Jan (12mth) View Timetable

Year running 2022/23

### This module is mutually exclusive with

 LLLC2277 Management Decision Making 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 ------------------------- 1 22.00 22.00 Private study hours 178.00 Total Contact hours 22.00 Total hours (100hr per 10 credits) 200.00

### Private study

All modules on this programme are delivered by block teaching which distributes the 22 hours of teaching over a number of days/weeks using a combination of Lectures, Seminars and Workshops

Private Study Time
Assignment preparation/research - 40 hours
Assignment writing - 40 hours
Online activities - 58 hours

### Opportunities for Formative Feedback

Through workshops, tutorials, submission of draft coursework and online activities.

### 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