2012/13 Undergraduate Module Catalogue

LUBS2195 Introductory Modelling for Management (II)

10 Credits Class Size: 150

Module manager: Dr Luisa Huatuco
Email: lh2@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2012/13

Pre-requisite qualifications

Pass in GCSE Mathematics at grade A or above.

Mutually Exclusive

LUBS1195 Introductory Modelling for Management (1)
LUBS1240 Maths&Stats For Bus&Ec 1
MATH0111 Elementary Diff Calculus 1
MATH0131 Elementary Differential Calculus (Version 2)
MATH0380 Foundation Applied Mathematics for Business
MATH1050 Calculus and Mathematical Analysis
MATH1150 Mathematics for Geophysical Sciences 2
MATH1331 Linear Algebra with Applications
MATH1460 Mathematics for Geophysical Sciences 1
MATH1932 Calculus, ODEs and Several-Variable Calculus
MATH1960 Calculus
MATH1970 Differential Equations
MATH2375 Lin Dif Equations & Transforms
MATH2640 Introduction to Optimisation
MATH2790 Modelling and Simulation
MATH3171 Algebra and Numbers
MATH3473 Numerical Solutions of Partial Differential Equations
MATH3474 Numerical Methods
MATH3715 Linear Models
MATH3743 Design and Analysis of Experiments
MATH3772 Multivariate Analysis

This module is not approved as an Elective

Objectives

On completion of this module, students should be able to:
- appraise the value of basic modelling techniques to a wide range of business situations and business problems; and
- demonstrate the transferable skills of numeracy and quantitative analysis.

Learning outcomes

On completion of this module, students should be able to:
- solve business problems using the business modelling techniques taught in the module;
- evaluate different alternatives in a business context;
- analyse numerical data and derive managerial recommendations.

Syllabus

Introduction to the most commonly used types of business models comprising:
- Project planning (Critical Path Analysis)
- Scheduling (Gantt charts, sequencing rules, rescheduling)
- Decision analysis (decision rules, decision trees)
- Simulation (queues, simulation tables, random inputs, output interpretation)
- Financial analysis (index numbers, interests, present values, series of payments)
- Linear programming (LP models, graphical and analytical solutions; sensitivity analysis) and
- Optimisation (profit maximisation).

Teaching Methods

Delivery type Number Length hours Student hours
Lecture 11 2 22
Seminar 8 1 8
Private study hours 70
Total Contact hours 30
Total hours (100hr per 10 credits) 100

Opportunities for Formative Feedback

Weekly assessments will be collected from the class and some will be marked and returned.

Exams
Exam type Exam duration % of formal assessment
Standard exam (closed essays, MCQs etc) 2.0 Hrs 0 Mins 100
Total percentage (Assessment Exams) 100

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading List

The reading list is available from the Library website

Last updated: 4/22/2013

Errors, omissions, failed links etc should be notified to the Catalogue Team