STAT3014 Managerial Decision Analysis
Later Year Course
| Offered By | School of Finance, Actuarial Studies & Appl Stats |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Statistics |
| Offered in | STAT3014 will not be offered in 2011 |
| Unit Value | 6 units |
| Course Description |
Decision-making is a process of selecting a specific action from a set of possible actions to address a given problem. Because there is uncertainty about the future, we cannot be sure of the consequences of the decision. This course provides an introduction to the quantitative techniques and models used by managers to help solve decision-making problems in an uncertain environment. The main quantitative techniques studied will be those of statistical decision analysis, mathematical programming, and simulation. Specific applications of these techniques may include product-mix determination, transportation planning, risk analysis (of securities), inventory control, queuing problems, and quality control. |
| Learning Outcomes | On completion of this course students should understand and be able to apply the techniques described in the course outline. |
| Indicative Assessment |
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| Workload |
Three contact hours per week plus private study time. |
| Areas of Interest | Statistics |
| Requisite Statement |
STAT1008 Quantitative Research Methods or STAT1003 Statistical Techniques or STAT2001 Introductory Mathematical Statistics |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3014 |
| Science Group | C |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=STAT3014 |
The information published on the Study at ANU 2011 website applies to the 2011 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2010 website.
