Analytical Thinking and Decision Making Assignment PDF

Added on - 05 Jul 2021

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COURSEWORK Session 2020/2021Module titleAnalytical Thinking and Decision MakingModule Code11079Submission date and timeSee Turnitin LinkWeighting of assessment40% of total mark.Instructions to CandidatesTHIS AN GROUP COURSEWORKGroups will be allocated by the Module CoordinatorThis assignment is based on theiResearch Decision MakingCase Study, which isshown below.It is designed to assess your ability to use an appropriate method tostructure and analyse a complex decision problem, and evaluate the strengths andlimitations of your analysisInstructionsApply decision analysis to the decision problem facing iResearch and advise themanagers on their decision problem. Within your group produce a report of aminimum of 2,000 words that addresses the following questions:1.Discuss the value of decision analysis within the context of an organisation2.Outline the challenges facing iResearch and discuss any assumptions you havemade3.Apply decision analysis and develop an appropriate decision tree4.Calculating the expected values and following the rollback method, outline themost suitable approach for iResearch. Discuss your recommendations for themanagers of iResearch5.Discuss the strengths and limitations of your analysis in the context of thedecision problem6.Discuss the influence of the iResearch engineers changing their initialprobability estimates. Discuss the influence of probability estimates anduncertainty within the decision making processDo not undertake Sensitivity Analysis.Each question will be marked out of 100.Word length: Minimum 2,000 words excluding referencesA 10% weighting will be allocated towards the report structure, presentation andreferencing.
The assignment should be presented within a report structure. Each section of thereport should be clearly structured and defined and an introduction or overviewshould be provided. Across the report you will also need to show evidence ofassessing a range of resources, e.g. internet, journals, text books and companydocuments such as annual reports. A Harvard Referencing style should be followed.This coursework assesses the following learning outcomesL4. Demonstrate the ability to apply tools, techniques and practices to complexbusiness problems (identify, investigate, formulate, and advocate novel and creativesolutions and ideas)L5. Critically evaluate the various factors which impact on sound decision makingSubmission instructionsYour tutor will indicate where you should submit your completed coursework. Yourwork should be submitted through TURNITIN and emailed directly to your tutor.Your attention is drawn to the University’s policy on Plagiarism and Collusion which applyto this assessment. Details are available in your Student Diary.You should also be aware that late submissions will be penalised in line with Universityregulations.
Marking MatrixComponentWeightingMark/CommentQuestion 115%Question 210%Question 320%Question 420%Question 510%Question 615%Report Structure -Structure,flow, presentation, academicwriting style5%Referencing -Use of HarvardReferencing style. Applicationof academic sources anddemonstration of appliedcritical thought5%Total
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