Modules

Core Module Information
Module title: Decision-making with Analytics
SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10
Module code: SOE11166
Module leader: Ben Sebian
School The Business School
Subject area group: Management
Prerequisites

There are no pre-requisites for this module to be added
Description of module content:

This module aims at introducing you to the new possibilities opened up by the business analytics revolution and how these can be used in the field of decision-making in business and management. You will be able to understand how different analytical techniques can be used to make the best business decisions. You will be exposed to several decision-making fields with business analytics, including management decision-making, types of managerial decision-makers, analytics in management decision-making, organizational readiness for data-driven decision-making, and decision-making with different analytical techniques. You will be able to identify the right analytical approaches for different business situations and make the best decisions. You will obtain practical managerial and analytical skills using R to make business decisions for organizations in different sectors.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: Critically discuss different approaches in management decision-making.

LO2: Develop a critical understanding of how to make business decisions using different analytical techniques.

LO3: Apply critical analysis of the results of different analytical techniques into business decision-making.

LO4: Using a significant range of the principal professional and communication skills for business analytics using R and use it in decision-making for different business fields.
Full Details of Teaching and Assessment
2024/5, Trimester 2, In Person,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Ben Sebian
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 15 Lectures will present different theoretical concepts and models of decision-making with analytics connected with practicality. In-class debate and discussion: We will use different examples of decision-making with analytics and encourage you to participate in our discussion. This will help you to develop your critical thinking and skills.
Face To Face Tutorial 10 Within the tutorial, we will have a group discussion on how to make decisions as a leader in an organisation with different analyses from data analysts. You will play two roles: as a leader of an organisation and as a data analyst.
Face To Face Practical classes and workshops 20 In workshops, we will use different databases and apply analytical techniques to understand how we can make business decisions with the results if analyses. In this case, you will use analytical software in the computer labs and focus on real business situations.
Face To Face Guided independent study 155 Direct reading. You will have to read materials about specific topics before you come in the class. You will use online materials (e.g., codes, articles, textbooks, videos, etc.) to understand in depth the content of the module.
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Report 70 1~2~3 Exam Period , WORDS= 2,000 You will:1. Focus on a business scenario and describe what kind of analytical techniques could support this scenario.2. Explain how we can make the best management decision using the results of analytical techniques.
Oral Presentation 30 2~3~4 Week 12 HOURS= 15 minutes You will have to do an analysis with software and present a business decision as a group presentation (15 min). You will be assessed for the quality of the application analysis (60%) and the delivery and analysis demonstration (40%). The presentation will also be submitted.
Component 1 subtotal: 70
Component 2 subtotal: 30
Module subtotal: 100

Indicative References and Reading List - URL:
SOE11166 Decision-making with Analytics
 

Related information