British Columbia Institute of Technologywww.bcit.ca/study/courses/opmt8751

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OPMT 8751 - Decision Analysis

Operations Management Part-time Studies Course

School of Business

Course Details

Presents a second course in the application of statistical methods to business problems. The course will provide detailed theoretical understanding and practical applications of two of the most commonly used techniques in mathematical modeling Linear Regression and Time Series Analysis. You will learn how to view business situations as mathematical models and formulate the equations required for the model solution. Extensive lab work using computer software will lead to theoretical solutions. You will then learn how to interpret these solutions as a guide to practical management action. The course provides the opportunity to use and evaluate current software.

Prerequisite(s)

Acceptance into the Bachelor of Business Administration program.

Credits

4.0

Cost

$796.40 - $820.66 See individual course offerings below for actual costs.

Fall 2019

Below are two offerings of this course for the Fall 2019 term.

CRN 42452

Tue Sep 03 - Sat Dec 14 15 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 03 - Dec 14 Online

Instructor

Leslie Major

Course Outline

Cost

$796.40

Notes

  1. Internet delivery format.
  2. Departmental approval needed
  3. Course registration is restricted to students registered in the Bachelor of Business Administration program. Students requiring course approval, please call the BBA Program Administrator at 604-432-8609. Please note that this is an online course, but the midterm and final will he held on the Burnaby campus.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

CRN 42451

Mon Sep 09 - Mon Dec 16 15 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 09 - Dec 16 Mon 18:00 - 21:30 BBY SW03 Rm. 2695

Instructor

Leslie Major

Course Outline

Cost

$805.39

Notes

  1. Departmental approval needed
  2. Course registration is restricted to students registered in the Bachelor of Business Administration program. Students requiring course approval, please call the BBA Program Administrator at 604-432-8609. No in-class sessions on October 14 and November 11. Class will be held via the Learning Hub in lieu.

This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.

In Progress

Winter 2020

Below are two offerings of this course for the Winter 2020 term.

CRN 83093

Tue Jan 07 - Tue Apr 14 15 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 07 - Apr 14 Tue 18:00 - 21:30 BBY SE12 Rm. 320

Instructor

Neilu Rishi

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$820.66

Notes

  1. Departmental approval needed
  2. Enrollment is restricted to students accepted into the Bachelor of Business Administration Degree Program. Registration approval is automatically given upon full acceptance into the part-time program.

CRN 83095

Tue Jan 07 - Sat Apr 18 15 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 07 - Apr 18 Online
Apr 18 Sat 09:00 - 12:00 Online SE12 Rm. 310

Instructor

Leslie Major

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$812.09

Notes

  1. Internet delivery format.
  2. Departmental approval needed
  3. Enrollment is restricted to students accepted into the Bachelor of Business Administration Degree Program. Registration approval is automatically given upon full acceptance into the part-time program. Please note that this is an online course, but exams will be held at the Burnaby campus.

Learning Outcomes

Upon successful completion of this course the student will be able to:

  • Use smoothing methods such as moving averages, exponential smoothing, Holt's and Holt-Winters' methods to predict time series.
  • Use a scatter plot to identify trend or seasonality in a time series.
  • Choose an appropriate forecasting method based on the characteristics of a time series.
  • Use a runs test to determine if a time series has the characteristics of a random walk series.
  • Forecast a series where appropriate using the random walk model.
  • Use linear regression to forecast or model business situations.
  • Evaluate the validity of linear regression in a given situation.
  • Assess the usefulness of linear regression in a given situation.
  • Select the most appropriate method for forecasting or modelling in a given situation.
  • Interpret the meaning of the coefficients and statistics generated by different mathematical models.
  • Analyse business mathematical models using Microsoft Excel 2002 (XP) together with add-ins provided.
  • Convert theoretical solutions into practical management terms.

Effective as of Fall 2015

Programs and courses are subject to change without notice.

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English Language Proficiency

BCIT's Part-time Studies English Language Proficiency Standard is English 12 (or equivalency). Students who do not meet this requirement should upgrade their English skills prior to any future registration.

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Registration is now open for the Winter 2020 term.

Classroom Locations

Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.

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