STAT6028 Managerial Decision Analysis
| Offered By | School of Finance, Actuarial Studies & Appl Stats |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Statistics |
| Offered in | STAT6028 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 processes and applications outlined in the course description. |
| Indicative Assessment |
|
| Workload | Standard semester course workload (39 contact hours) plus private study time. |
| Course Classification(s) | TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Management and Statistics |
| Eligibility | At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with at least one year of university level study in quantitative analysis, including basic mathematics and data analysis techniques. |
| Incompatibility |
with STAT8028 Managerial Decision Analysis |
| Prescribed Texts | See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT8028 |
| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT8028
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| Indicative Reading List | See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT8028 |
| Programs | Graduate Certificate in Business Statistics and Graduate Certificate in Business Statistics |
| Other Information |
For further information please see http://ecocomm.anu.edu.au/courses/course.asp?code=STAT8028
|
| Academic Contact | See: http://ecocomm.anu.edu.au/courses/course.asp?code=STAT8028 |
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.
