Reference no: EM132303296 , Length: word count:4500

Assessment - Applied Project

Assessment Details:

This report consists of three main sections: Comparative Review, Decision Model Proposal and Decision Model Application.

Comparative Review Report (1200-1500 words)

The task for this assignment is to review and summarise a given business decision making case or scenario from your reading of relevant recent journal articles. This can be from an area or industry that interests you most, like sport, marketing, housing, medicine, aviation, and so on. You must investigate and present a report on the business case, the decision-making process or model, the value added to the business, any relevant assumptions and advantages and disadvantages by the application of the model to the business scenario.

As a guide, you should research academic journals such as Interfaces, Decision Sciences, and Management Sciences. In addition, you may search articles through Google Scholar. In this group task, you are required to summarise your findings in a table with appropriate headings which clearly show the above criteria. Normal referencing is expected in your review and your arguments must be supported with evidence from the literature.

This part of the assignment is worth 10% of your final grade and therefore, to achieve a satisfactory result, you need to demonstrate strong commitment and diligence with this task. The assessment rubrics have been provided, so you should read these carefully to ensure you address the requirements at the designated standard.

Your final submission should clearly explain the scenario in non-technical terms and provide suitable conclusions or insights about what you have learned from this analysis and review.

A word on presentation and format: This part of the submitted report must 1200-1500 words in length, include appendices for original tables, graphs and charts etc.

Harvard reference format must be used.

Decision Model Proposal (1200-1500 words)

Report

Based on the literature review students need to investigate two separate decision models further that can be applied to a given industry or a simulation that can be modelled to a given industry: sport, medicine, manufacturing, airlines, scheduling, etc. The investigation should be based on the characteristics of the decision model and the technique how the model can be implemented in different industries.

This part of the assignment is worth 10% of your final grade and therefore, to achieve a satisfactory result, you need to demonstrate strong commitment and diligence with this task. The assessment rubrics have been provided, so you should read these carefully to ensure you address the requirements at the designated standard.

This part of the submitted report must be 1200-1500 words in length.

Decision Model application (1200-1500 words)

Walkthrough demonstration & Report

Students need to design and test their simulation model with suitable data for the business scenario. The model should be validated for its reliability. Data for simulation of LP, Regression, Decision Tree, Network distribution, Forecasting, etc., application from a business scenario, will be required for the walkthrough.

This part of the assignment is worth 15% of your final grade and therefore, to achieve a satisfactory result, you need to demonstrate strong commitment and diligence with this task. The assessment rubrics have been provided, so you should read these carefully to ensure you address the requirements at the designated standard.

This part of the submitted report must be 1200-1500 words in length.

Attachment:- Business Decision Analysis.rar