MSCI102-06S1 (U) Semester One 2006 (University Campus)

Operations Research and Decision Making

9 points

Details:
Start Date: Monday, 20 February 2006
End Date: Sunday, 2 July 2006
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 5 March 2006
  • Without academic penalty (including no fee refund): Sunday, 28 May 2006

Description

An introduction to systems thinking for problem solving in a management context, including the process of building mathematical models. The course also deals with costs and decision-making over time. This is an essential course for AFIS, MGMT, MSCI and Operations Management majors.

An introduction to systems thinking for problem solving in a management context, including the process of building mathematical models. The course also deals with costs and decision-making over time. The use of Excel Spreadsheets for modelling is introduced.

Learning Outcomes

  • For students to:
  • appreciate the need for systems thinking in the context of decision making, become conversant with systems concepts, and explore various ways to describe/define all or relevant parts of a system for a given problem situation.
  • gain an overview of the process of developing a quantitative model for the issue chosen from the problem situation, use it to get insights into the range of possible solutions, understand the reason for the various steps, and appreciate the iterative nature of the process.

Restrictions

MSCI101

Timetable Note

Tutorials are to be arranged, usually on Tuesday or Thursday, (one hour per week).

Each student needs to register for a tutorial time via the MSCI102 tutorial enrolment system. This will be available from midday Thursday 23rd February to Thursday 2nd March to enrol via the World Wide Web.  http://www.mang.canterbury.ac.nz/tutorials/
You may use the same system later on to change tutorials, if needed, throughout the year.

Course Coordinator

Shane Dye

Assessment

Assessment Due Date Percentage 
Final Examination 70%
Term Test 03 Apr 2006 30%


Assignment - Date to be decided - Weight = 0%

Notes

There are no prerequisites but we strongly recommend that you enrol concurrently in some university mathematics (MATH108) and statistics (STAT111 or 112). This will ensure that you have the necessary prerequisites for all of our 200 level courses.

The course offers a blend of theory and practical applications. This is an essential course for those planning to major in management science, operations research and operations management. It is also important for students majoring in management or marketing, and a useful companion to mathematics, statistics, computer science, engineering, forestry, economics.

MSCI102 can be a challenging course. It requires a commitment to read the material and attempt the exercises on your own. It has one voluntary assignment, one test and one exam.  The material in this course is demanding. It requires a way of thinking that may be unfamiliar to you. However, if you persevere and allow enough time for the ideas to sort themselves out in your mind, you can find the course very rewarding.

The course has only one lecture and one tutorial per week. Each week you are expected to study a chapter or part thereof from the text, and the lecture will briefly highlight/summarise the essential points/concepts and demonstrate their application with close to real-life examples or explore particular aspects of the reading further. It is beneficial to review the material after lectures as well. The lectures do not aim to give you a full coverage of all material covered in the text. For the tests and final examination you are expected to know all material as shown in the course outline and learning objectives. You must be willing to put in the time to study 15-25 pages every week.

The tutorials will usually be devoted to hands-on exercises on the material covered in the text. They will, however, start out with one computer session. This will give you an introduction into the use of the learning package, MENTOR, use of MS Excel, and use of the undergraduate system. We are providing an extra source of learning material via the MENTOR multimedia system. For each topic in the course you will be told which parts of which modules you will be expected to know for assessment purposes. We suggest you spend 6 to 10 hours of your own time learning this material.
 
The average student will need to devote between 2-3 hours of reading per week. Together with the exercises and review, the course requires an average input of 5 to 7 hours per week, including lecture and tutorial and time spent working through the MENTOR package.

Like most level one courses in the commerce faculty, MSCI102 is administered using WebCT: http://webct.canterbury.ac.nz This will have videos of all lectures, copies of the lecture notes and access to the web notice-board and tutorial enrolment system. Other facilities may be added.

Grading:
Your final score will be calculated after the raw marks have been standardised to a mean of 60 and a standard deviation of 15.

Departmental Academic Policies
If you want a hard copy of this document, please ask the course co-ordinator. The Department assumes that you have read this document.

Indicative Fees

Domestic fee $297.00

International fee $1,215.00

* 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 .

All MSCI102 Occurrences

  • MSCI102-06S1 (U) Semester One 2006 (University Campus)