Business Decision Analysis
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Summary
- Tutor is available to students
Overview
For those involved in business, particularly for those in managerial positions, the ability to make effective decisions or to contribute to the decision-making process is of vital importance.
The ability to use mathematical techniques is becoming an increasingly important part of the manager's "tool kit", especially as low cost and more powerful information technology becomes accessible and enables more sophisticated techniques to be utilised.
The examples and activities utilised within the course will provide some clues as to the range of applications to which Business Decision Analysis (BDA) can be put. Throughout the course you will have the opportunity to work on problems relating to investment decisions, marketing and distribution, and product development.
By working through the exercises you will begin to understand the potential which BDA can bring to improving decisions in areas as diverse as organisational planning and forecasting, human resource management and manufacturing.
Description
Module 1 – An Introduction to Business Decision Analysis
On successful completion of this module the candidate will be able to:
Summarise the meaning of Business Decision Analysis (BDA)
Module 2 - Decision Analysis
On successful completion of this module the candidate will be able to:
Discuss the various processes of decision analysis
Module 3 - Formulating a Linear Programming Problem
On successful completion of this module the candidate will be able to:
Summarise the steps involved in formulating a linear programming problem
Module 4 - Regression Analysis
On successful completion of this module the candidate will be able to:
Explain the technique of regression analysis
Module 5 - Time Series Analysis
On successful completion of this module the candidate will be able to:
Discuss some of the main techniques available for the analysis and forecasting of time series
Module 6 - Simulation
On successful completion of this module the candidate will be able to:
List the methods used in simulation
Questions and answers
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
