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This course introduces basic managerial decision-making tools and their application to business. The topics include project management, forecasting, inventory management, cost-benefit analysis and decision-making. The course develops problem solving skills, an invaluable tool for modern business.
Relationship to other coursesThere is no prerequisite for this course. This course introduces students to the discipline of Operations Management, as a preparation for higher-level (i.e. 200 or 300 level) courses in Operations and Supply Chain Management (OSCM). It forms part of the requirements for the Bachelor of Commerce degree major in Operations and Supply Chain Management, Management, and Strategy and Entrepreneurship. MGMT170 is important for students majoring in management or marketing, and a useful companion to mathematics, statistics, computer science, engineering, forestry, and economics.WorkloadStudents should expect to spend on average 12.5 hours per week on lectures, tutorials, computer activities, assessment and study.
B.Com Learning Goals1. Graduates can demonstrate advanced knowledge of their selected subject major, informed by the broader context of commerce.* The quiz, test and exam are opportunities to demonstrate advanced knowledge in using managerial decision making tools. Advanced knowledge will also be assessed in the midterm test and final exam.2. Graduates are able to use analytical thinking and problem-solving skills to address specific problems.* The test and exam all require application of theories to analytical thinking and problem-solving skills.3. Graduates can understand issues from a range of ethical, global and multicultural perspectives.* Not covered specifically in this course.Graduates are able to communicate effectively both orally and in written form.* Not covered specifically in this course.Learning OutcomesThe central aims of this course (for students) are to:understand the core concepts of Operations Management;use mathematical tools and techniques to aid decision-making and planning; enhance the level of critical thinking; andTo achieve these, the course objectives (for students) are to:understand the disciplines of Operations and Supply Chain Management and their role in business and other decision-making;gain an overview of the process of developing and using a quantitative techniques in decision making and planning;interpret the outcome of quantitative techniques to gain insights which could be applied to different context of interest;identify underlying assumptions and approximations in simple models;use different decision making tools such as inventory control models, project management tools (e.g. critical path method), forecasting techniques, queuing models, decision tree, and multiple criteria on decision.Topics included in this course are –introducing managerial decision making tools and techniques, project management, queuing theory, break-even analysis, decision analysis, multi-criteria decision making, forecasting and inventory management.
MSCI101
For further information see Management, Marketing and Tourism Head of Department
For the test and final exam, students are required to use Calculator for solving quantitative problems. The mid-semester test covers all the lecture topics from week 1 to week 5 including tutorial classes during these weeks. The final examination covers remaining lectures and tutorial classes from week 7 to week 12.GradingThe online assessments (i.e. quizzes) are not mastery-based. A student passing an online assessment gains marks towards their final grade. The online quizzes will be run or submitted through Learn. More information on each online assessment will be provided closer to the assessment date.For the online assessments there will be no extensions or special considerations. For the other assessment, special considerations may be applied for as outlined in the Calendar.
There is no single textbook for this course which will cover all the Lectures and tutorial classes. But there is one recommended text book which will be used most along with other text books.Any other Reading materials outside of this text book will be provided through Learn.
MGMT170S2 Course Outline LEARN
Class RepresentativeA class representative may be asked to volunteer in the first few weeks of class. Any problems with the course can be raised with the class rep. Their email can be found at UCSA. The class representative will take up any issues raised by class members with the lecturer concerned as they occur.Departmental Academic Policies The Department assumes that you have read this document.You should also read the General Course and Examination RegulationsDishonest PracticeThe University of Canterbury considers cheating and plagiarism to be serious acts of dishonesty. All assessed work must be your own individual work unless specifically stated otherwise in the assessment guidelines. Material quoted from any other source must be clearly acknowledged. You must not copy the work of another person (student or published work) in any assessment including examinations, tests and assignments. Any person, who is found to have copied someone else's work, or to have allowed their work to be copied, will receive a fail grade for that piece of assessment and may face disciplinary action which may lead to a fine, community service or exclusion from the university.IMPORTANT: Where there are concerns regarding the authorship of written course work, a student can be required to provide a formal, oral explanation of the content of their work.Coversheets - Group and Individual
Domestic fee $759.00
International fee $3,125.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Management, Marketing and Tourism .