Learning outcomes On successful completion of this subject, you should: be able to demonstrate problem-solving skills in assessing, organising, summarising and interpreting relevant data for decision...

Learning outcomes
On successful completion of this subject, you should:
be able to demonstrate problem-solving skills in assessing, organising, summarising and
interpreting relevant data for decision making purposes;
be able to apply decision theory to business situations;
be able to explain the use of simulation in complex decisions;
be able to apply probability concepts to decision making;
be able to demonstrate understanding of the application of statistical hypothesis testing to
decisions, with particular emphasis on quality control and interpreting the significance of
regression coefficients in cost estimation;
be able to use accepted time-series forecasting methods;
be able to apply cost-volume-profit analysis and linear programming to product mix
decisions;
be able to solve scheduling problems