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BDA Course Outline

This document outlines a course on Business Decision Analysis. The 3-credit course is offered in the 3rd semester to BBA and MBA students. It will be taught on weekdays from 12:30-2:00pm by Faculty from the Business department. The course aims to teach students to analyze personal and professional decisions using decision theory concepts. Students will be evaluated through assignments, quizzes, exams, and a project. Lectures will cover topics like decision trees, utility theory, and using information in decision making over 15 weeks.

Uploaded by

Mubashir Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Topics covered

  • Personal Decisions,
  • Counseling Hours,
  • Philosophy of Decision Analysi…,
  • Decision Trees,
  • Recommended Texts,
  • Final Exam,
  • Weight of Evaluation,
  • Project Presentations,
  • Date of Issue,
  • Attitudes Towards Risk
34 views4 pages

BDA Course Outline

This document outlines a course on Business Decision Analysis. The 3-credit course is offered in the 3rd semester to BBA and MBA students. It will be taught on weekdays from 12:30-2:00pm by Faculty from the Business department. The course aims to teach students to analyze personal and professional decisions using decision theory concepts. Students will be evaluated through assignments, quizzes, exams, and a project. Lectures will cover topics like decision trees, utility theory, and using information in decision making over 15 weeks.

Uploaded by

Mubashir Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Topics covered

  • Personal Decisions,
  • Counseling Hours,
  • Philosophy of Decision Analysi…,
  • Decision Trees,
  • Recommended Texts,
  • Final Exam,
  • Weight of Evaluation,
  • Project Presentations,
  • Date of Issue,
  • Attitudes Towards Risk

Quality Management System

Title Course Outline


Doc ID F 8.3 C Date of Issue 15-10-2016 Revision No. 0

A. Standard Course Description

Title of Course Business Decision Analysis


Course Code Credit Hours 03
School LBS Program BBA/MBA
Prerequisites Accounting-1/ Accounting-II/ Cost accounting

B. Semester Description

Semester 3rd Year Second


Course Schedule Week Days Time 12:30-02:00
Faculty Business Email Mubashir.ali@lbs
Counselling Hours Place Class Room
Coordinator Email

C. Course Synopsis

Understand the philosophy and analytic tools of decision analysis, the analytic foundation for all the
courses in the Strategic Decision and Risk Management program. Learn from Stanford Professor Ron
Howard, who coined the name, developed the discipline, and pioneered its application to all types of
decisions. This course provides a rare opportunity to study with the founder of this important field.

D. Course Objectives

Use concepts that clarify thinking and choices


Analyze the personal and professional decisions that shape lives and organizations
Follow a decision approach that scales to treat decisions at all levels of importance
Avoid the pitfalls of intuitive decision-making

Page 1 of 4
Quality Management System
Title Course Outline
Doc ID F 8.3 C Date of Issue 15-10-2016 Revision No. 0
ng

E. Recommended Text and Other Readings

Refail Kasımbeyli, Lecture Notes on Decision Theory, Izmir University of Economics, 2011.
Paul Goodwin, George Wright, Decision Analysis for Management Judgment, Third Edition, John
Wiley & Sons, Ltd., 2004

F. Student Evaluation Methods

S. No Evaluation Method Weight


1 Assignments / Presentations 20
2 Quizzes/ Term Paper for analysis/Project 30
3 Class Participation
4 Project / Field work
5 Mid Term Exam 20
6 Final Term Exam 30
7 Others (if any)
Total 100

Mid Term Exam Duration, 1 hour Final Exam Duration __2 hour

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Quality Management System
Title Course Outline
Doc ID F 8.3 C Date of Issue 15-10-2016 Revision No. 0

G. Schedule of Activities

Week Topic
1 Introduction to Decision Theory. Decision Environments. Elementary Decision
Analysis. (Refail Kasımbeyli, Lecture Notes on Decision Theory, Chapter 1.)
2 Classification of decision problems. Choosing a Decision Rule.(Refail Kasımbeyli,
Lecture Notes on Decision Theory, Chapter 2.)
3 Classification of decision problems. Choosing a Decision Rule.(Refail Kasımbeyli,
Lecture Notes on Decision Theory, Chapter 2.)
4 Decision making under uncertainty.(Refail Kasımbeyli, Lecture Notes on Decision
Theory, Chapter 2.)
5 Decision making under risk. (Refail Kasımbeyli, Lecture Notes on Decision Theory,
Chapter 2.)
6 Utility theory. Single-attribute utility. (Refail Kasımbeyli, Lecture Notes on Decision
Theory, Chapter 3.)
7 Utility functions for non-monetary attributes. The axioms of utility. (Refail
Kasımbeyli, Lecture Notes on Decision Theory, Chapter 3.)
8
Attitudes towards risk.(Refail Kasımbeyli, Lecture Notes on Decision Theory,
Chapter 3.)
9 Decision Trees. The use of decision trees in environments under certainty, under
uncertainty and under risk.(Refail Kasımbeyli, Lecture Notes on Decision Theory,
Chapter 4.)
10 Perfect and imperfect information. Expected value of sampling information.(Refail
Kasımbeyli, Lecture Notes on Decision Theory, Chapter 4.)

Page 3 of 4
Quality Management System
Title Course Outline
Doc ID F 8.3 C Date of Issue 15-10-2016 Revision No. 0
11 Using additional information.(Refail Kasımbeyli, Lecture Notes on Decision Theory,
Chapter 4.)
12 Using additional information.(Refail Kasımbeyli, Lecture Notes on Decision Theory,
Chapter 4.)
13 Presentation on Project ( BBA)
14 Presentation on Project (MBA)
15 End semester Wrap Up course class

H. Additional Information (if any)

__________________ _________________
Course Instructor Head of Department

Page 4 of 4

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