| Unit name | Management Science |
|---|---|
| Unit code | EFIM20005 |
| Credit points | 20 |
| Level of study | I/5 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Dr. Zhi |
| Open unit status | Not open |
| Pre-requisites |
Mathematical and Statistical Methods (EFIM10008) or Quantitative Analysis in Management (EFIM10014) or Probability, Statistics and Econometrics (EFIM10024) |
| Co-requisites |
None |
| School/department | School of Management - Business School |
| Faculty | Faculty of Social Sciences and Law |
Management Science is concerned with the application of quantitative techniques and the modelling of operational and strategic problems to aid management decision-making and planning both in the private and public sectors. Management scientists need to have a good awareness of the ways in which organisations operate, whether for-profit or in the public sector, and to understand the formulation and application of tools which aid managers in developing a more efficient and successful operation.
The term Management Science is often used synonymously with Operational Research, hence the acronym MS/OR. Applications of models typically relate to three functional areas of management: Operations Management, Project Management and, in recent decades, Strategic Management. Techniques which will be introduced include linear programming, project network analysis, decision trees and simulation. All concepts and techniques are illustrated using examples often derived from case studies. Appropriate software will be introduced for simulation. The practice of this methodology has been revolutionised by advances in computer technology and its application offers one of the most exciting developments for dealing with management problems, particularly those surrounding queueing and congestion issues.
On successful completion of this unit, students will be able to:
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities.
MCQ: 20% , Test 20% and course work report 60% (approx 1500 words)
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM20005).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
