| Detailed information |
| Original study plan |
Bachelor's programme Business Administration 2025W |
| Learning Outcomes |
Competences |
| Learning Outcomes
Students are aware of the importance of model building and model application in order to obtain bases for operational decisions from internal and external company data. They know types of decision problems and decision support systems. They are familiar with a wide variety of methods and techniques for model-based decision-making and can usefully apply these in various business areas.
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| Skills |
Knowledge |
Learning Outcomes
- LO2: Develop mathematical models for a given verbally described problem.
- LO3: Solve toy problems by hand with the appropriate algorithms.
- LO4: Solve modeled problems with appropriate software tools.
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Learning Outcomes
- LO1: Understand the basics of methods and algorithms in model-based decision making.
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| Criteria for evaluation |
Regular homework exercises. Students will be selected to present and explain their homework in class. Moreover, there will be regular tests in-class based on the homework exercises. The students receive points for the quality of their homework-presentations and for the quality of the answers on the tests.
Final grades will be given as follows:
| Points | Grade |
|---|
| 87.5 - 100.0 | 1 |
| 75.0 – 87.0 | 2 |
| 62.5 – 74.5 | 3 |
| 50.0 – 62.0 | 4 |
| 0.0 - 49.5 | 5 |
The homework exercises and the tests cover all the learning outcomes.
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| Methods |
The course uses a combination of different teaching methods in order to
- maximize the motivation and attention of the students.
- address the learning objectives in the didactically best way.
This includes the following:
- Teacher-centred information inputs, supported by slides and literature
- Presentation of homework exercises by students to ensure comprehension of the content, followed by joint discussions with the whole group
- Development of content in collaboration with the students on the computer and the black board
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| Language |
English |
| Study material |
- Slides
- In-class exercises with solutions
- Reading material
- W. P. Fox, Mathematical Modeling for Business Analytics, CRC Press, current edition
- H. P. Williams, Model Building in Mathematical Programming, current edition
- H. A. Eiselt, C.-L. Sandblom, Operations Research, A Model-Based Approach, current edition
- Pointers to additional literature
(All content is provided via Moodle)
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| Changing subject? |
No |
| Earlier variants |
They also cover the requirements of the curriculum (from - to)
515MKDDMEUU20: UE Model-Based Decision Support (2020W-2025S)
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