Download Module Code : BB-4307 Module Title : Business Decision Methods

Module Code
:
BB-4307
Module Title
:
Business Decision Methods
Type of Module
:
Bachelor of Business (Bus. Admin.): Major Option
All other majors/ programmes: Breadth
Student Workload :
Contact hours for timetabling:
Modular Credits
:
4
Pre-requisite
:
BB-1102 Business Statistics or equivalent
Anti-requisite
:
None
8 hours
2 hours
Aims:
This module is designed to provide business students how to take correct and appropriate
business decisions. It provides a comprehensive introduction to the specialised techniques
and their applications in the analysis of contemporary economics/business problems faced by
firms, organisations and industries. Upon completion of this module, students should be able
to take correct scientific business decisions, solving business problems in specific areas of
economics/business/marketing and management as well as apply acquired skills to take
correct business decisions.
Module Content:
 Introduction and problems in business
 Methodologies for business decisions
 Solving business problems using probability theories
 Theoretical framework and formulation of statistical inferences
 Multiple regression and use of dummy variable for business decisions
 Linear programming models and sensitivity analysis
 Network modelling
 Queuing theories
 Forecasting
Assessment:
Examination:
50%
Coursework:
Assignment
Project
Presentation
50%
20%
20%
10%