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2024/25 Undergraduate Module Catalogue

LLLC2277 Management Decision Making

20 creditsClass Size: 45

Module manager: Samantha Earl

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2024/25

This module is mutually exclusive with

MATH1710Probability and Statistics I
MATH1712Probability 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.


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


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 typeNumberLength hoursStudent hours
Private study hours180.50
Total Contact hours19.50
Total hours (100hr per 10 credits)200.00

Private study

- Reading: 80 hours
- 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

Assessment typeNotes% of formal assessment
In-course Assessment2 hour exam50.00
In-course Assessment2 hour exam50.00
Total percentage (Assessment Coursework)100.00

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

Reading list

The reading list is available from the Library website

Last updated: 29/04/2024 16:16:10


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