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MN20606: Intermediate business analytics

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 100% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
This unit aims to introduce how modern analytics techniques can support and improve business decision making by yielding information and insights and suggesting solutions to multi-faceted problems.

Learning Outcomes:
By the end of the unit students should be able to:
* Recognise the role that analytics techniques can play in the solution of management problems and identify problems that are amenable to these techniques.
* Apply analytics techniques to problems drawn from a wide range of business activities.
* Be able to assess the strengths and limitations of any given analytics application.
* Communicate effectively with specialists in management science and operational research.

Skills:
Intellectual Skills
* facility to apply subject-specific knowledge into a range of complex situations, taking into account the overall implications for the other areas of the business (TFA);
* the ability to acquire and analyse data, information and situations; to evaluate relevance and validity, and to synthesise it in the context of topical business problems (TFA);
* understanding of theoretical concepts and frameworks that enable the student to meaningfully link theory and practice, and the ability to critically appraise both theory and practice (TFA).
Professional Practical Skills
* deal with complex issues and make sound judgements in the absence of complete information, and to communicate their conclusions clearly and competently to a range of audiences (FA);
* apply practical decision-making methods and tools at both tactical and strategic levels (TFA);
Transferable/Key Skills
* ability to conduct in-depth research into management and business issues (TFA).
* ability to recognise ethical corporate/social responsibility issues and to manage in light of these issues (F).
Personal/Interpersonal
* facility to communicate including presenting and marketing themselves and their ideas; preparation and production of effective management analysis (TFA).

Content:
The unit will cover methods such as:
* Multivariate statistical methods to support decisions in a variety of management disciplines
* Optimisation methods, such as linear programming, to identify potential solutions to problems arising in areas such as production scheduling, logistics or pricing decisions.
* Simulation and queueing models to support financial and capacity planning decisions.
Further information on programme availabilityProgramme availability:

MN20606 is Optional on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 2)
  • UMMN-AFB04 : BSc(Hons) Management (Year 2)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 2)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 2)

Notes: