Module BUSI41X15: ADVANCED BUSINESS MODELLING (DL)

Department: Management and Marketing

BUSI41X15: ADVANCED BUSINESS MODELLING (DL)

Prerequisites

• None.

Corequisites

• None.

Excluded Combination of Modules

• None.

Aims

• To provide students with an advanced understanding of and ability to use some of the methods commonly used in solving complex business problems of the type which may be formulated (at least in part) as quantitative models

Content

• Overview of systems concepts and model building.
• Further optimisation (building on core teaching).
• Simulation.
• Game theory
• Forecasting using time series and behavioural models.

Learning Outcomes

• By the end of this module, students should:
• Have an advanced knowledge of the structures and requirements of some models commonly used for optimisation, forecasting and other tasks within the business context.
• Be familiar with selected specialist software applications.

• By the end of this module, students should:
• be able to formulate and solve complex business problems and then interpret the solutions to improve business performance;
• be able to use selected specialist software applications.

• Effective written communication.
• Planning, organising and time management.
• Problem solving and analysis.
• Using initiative.
• Advanced computer literacy skills.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• The module is delivered in discrete Units. These are designed to enable the learning outcomes to be achieved through a combination of specially written material, directed reading, reflection through self-assessed assignments and guidance for further reading. Module tutors provide feedback on formative work and are available for individual consultation as necessary (by email, telephone, post or fax).
• The summative assignment will test students' knowledge and understanding of business models and their ability to apply relevant techniques to the analysis of a business problem.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Written assignment of 1,500 words (maximum)

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University