MIS775 - Decision Modelling for Business Analytics
| Year: | 2025 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Online, GIFT City (India)^ |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Cohort rule: | Available to students enrolled in Master's level courses only |
| Prerequisite: | MIS770/MIS770A |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Study commitment | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
| Scheduled learning activities - campus | 1 x 2 hour on-campus (livestreamed) lecture (recordings provided) and 1 x 1 hour on-campus seminar each week |
| Scheduled learning activities - online | 1 x 2 hour recorded lecture provided and 1 x 1 hour online seminar (recordings provided) each week |
| Note: | ^GIFT City (India) offering is available to students enrolled at the GIFT City (India) campus only. |
Content
This unit aims to provide students with the knowledge and skills to build complex decision models and use advanced quantitative modelling techniques to analyse and develop solutions to business problems.
On completion of the unit students should be able to:
1. Conceptualise, formulate and represent a business problem as a decision model
2. Develop business decision models using software tools
3. Use decision modelling techniques such as optimisation, stochastic modelling and risk analysis
4. Develop and evaluate the utility of alternative solutions
5. Carry out sensitivity analysis
6. Develop an overview of advanced modelling techniques and approaches in Business Analytics.
Hurdle requirement
Hurdle requirements: Achieve at least 50% of the marks available on the end-of-unit assessment to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit.
Unit Fee Information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.