Accessibility statement

Management Decision Analysis - ECO00030M

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  • Department: Economics and Related Studies
  • Credit value: 10 credits
  • Credit level: M
  • Academic year of delivery: 2022-23

Module will run

Occurrence Teaching period
A Spring Term 2022-23

Module aims

The course will present various mathematical models and describe the appropriate solution methods, and show how these can be used to set up and solve some frequently encountered problems. At the heart of the subject is the idea of optimizing some relevant objective while subject to (possible many) constraints in order to reach a decision. Hence, the course will firstly focus on problems that can be solved using Linear Programming. Moreover, we will also cover other important and useful topics like decision analysis, Markov processes, inventory and network models.

Module learning outcomes

On completing the module a student will be able to structure practical decision problems into appropriate analytical frameworks and solve stylised numerical problems. That is, solving relevant daily life management issues with the help of quantitative methods.

Indicative assessment

Task % of module mark
Online Exam -less than 24hrs (Centrally scheduled) 100

Special assessment rules

None

Indicative reassessment

Task % of module mark
Online Exam -less than 24hrs (Centrally scheduled) 100

Module feedback

Feedback will be provided in line with university policy.

Indicative reading

Anderson, Sweeney and Williams An Introduction to Management Science, Quantative Approaches to Decision making 12th Edition, Thomson South-Western Publishing Company, 2008.

This is an excellent and very comprehensive textbook.


The information on this page is indicative of the module that is currently on offer. The University constantly explores ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary. In some instances it may be appropriate for the University to notify and consult with affected students about module changes in accordance with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.