Module Indicative Content
This module will build on the material introduced in Managing Through Information course. In this module the student will be introduced to a selection of quantitative techniques and their application in a variety of management fields taken from following list:
Decision making using independent and dependant probabilities
Optimisation of business problems using calculus and linear programming
Mathematical simulation as a method of analysing business problems
Application of learning curves to production
Application of matrix algebra to production planning and costing
Module Learning Strategies
The learning strategy for this module is a mixture of conventional lectures, individual and group problem solving and directed reading and problem solving outside class.
Students are required to commit 150 learning hours (including assessment). Of this there will be 36 hours of class support which will include tutor-led activities, role-play, group discussion etc. while the 114 hours of independent learning and self-directed study will include assessments and reflection of the entire learning experience.
Module Resources
Library resources
Computing packages - EXCEL, QSB
Module Texts
Lucey, T., [1996], Quantitative Techniques, DPP
Drury, C., [2004], Management and Cost Accounting, Thomson
Murdoch J, & Barnes J A. Statistical Tables
Module Additional Assessment Details
2 Hour Exam - Closed Book (100%) Assesses All Learning Outcomes.