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MN20606: Intermediate business analytics

[Page last updated: 05 August 2021]

Academic Year: 2021/2
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Period:
Semester 2
Assessment Summary: CW 100%
Assessment Detail:
  • Coursework (CW 100% - Qualifying Mark: 35)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
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.

Programme 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:

  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.