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

BCIT

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

$780.81 - $803.30 See individual course offerings below for actual costs.

Fall 2018

Below are two offerings of this course for the Fall 2018 term.

CRN 42452

Tue Sep 04 - Sat Dec 15 15 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 04 - Dec 15 Online

Instructor

Leslie Major

Course Outline

Cost

$780.81

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.

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

In Progress and Full

CRN 42451

Mon Sep 10 - Mon Dec 17 15 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 10 - Dec 17 Mon 18:00 - 21:30 BBY SW03 Rm. 2695

Instructor

Leslie Major

Course Outline

Cost

$788.33

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 session October 8 and November 12. Class will be held via D2L 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 2019

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

CRN 83095

Tue Jan 01 - Sat Apr 13 15 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 01 - Apr 13 Online

Instructor

Leslie Major

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$796.16

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 should call the BBA Program Administrator at 604-432-8609. Please note that this is an ONLINE course.

This section is only available for registration starting Wed, Oct 24 at 9:00 am (PDT)

Sneak Preview

CRN 83093

Tue Jan 08 - Tue Apr 16 15 Weeks

Class Meeting Times

Dates Days Times Locations
Jan 08 - Apr 16 Tue 18:00 - 21:30 BBY SE12 Rm. 320

Instructor

TBD

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$803.30

Notes

  1. Departmental approval needed
  2. Course registration is restricted to students registered in the Bachelor of Business Administration program. Students requiring course approval should call the BBA Program Administrator at 604-432-8609. Classes will be supplemented with D2L content.

This section is only available for registration starting Wed, Oct 24 at 9:00 am (PDT)

Sneak Preview

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

Related Programs

OPMT 8751 is offered as a part of the following programs:

School of Business

  1. Bachelor of Business Administration
    Full-time/Part-time   Bachelor of Business Administration

Books & Supplies

The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.

Fall 2018

Books for Fall 2018 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.

BCIT Distance & Online Learning Bookstore

If you are taking this course through either Distance Education or Online Learning, please purchase books for this course at the BCIT Distance & Online Learning Bookstore.

Image not available
Statistics For Managers Using Ms Excel + Mystatlab & Phstat W Etext, Ll Edition
Author Levine
Publisher Ph
Copyright 2017
Binding Looseleaf
ISBN 978-0-13456-670-2
Price $142.50
Required

BCIT Burnaby Bookstore

If you are taking this course, but are not taking it through either Distance Education or Online Learning, nor at the BCIT Downtown Campus (DTC), please purchase books for this course at the BCIT Burnaby Bookstore.

Image not available
Statistics For Managers Using Ms Excel + Mystatlab & Phstat W Etext, Ll Edition
Author Levine
Publisher Ph
Copyright 2017
Binding Looseleaf
ISBN 978-0-13456-670-2
Price $142.50
Required

Winter 2019

No information on books is currently available for Winter 2019 offerings of this course.

Subscribe

Interested in being notified about future offerings of OPMT 8751 - Decision Analysis? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.

Contact Information

Suggest course days and times

If you are interested in taking this course on-campus (classroom delivery only) and would like to see it offered on specific days and/or at specific times, please indicate your preferences below. Day and time suggestions are not applicable to online courses.

The personal information on this form is collected under the authority of the College and Institute Act (RSBC 1996, Ch.52). BCIT will use this information to communicate with you regarding relevant BCIT programs, courses and services. This information is only used by authorized BCIT staff. Email communication sent to and from BCIT is routed through the United States of America. If you have any questions about BCIT's collection and use of this information, please contact BCIT’s manager of Information Access and Privacy.

Programs and courses are subject to change without notice.

Find Courses

Payment Changes At BCIT

We've changed the way we accept payments.

Find out more

Course Navigation, Related Links & Tools

Registration News

Registration is currently open for the Fall 2018 term.

A sneak preview of Winter 2019 term courses is also now available here.

Students may register for Winter 2019 term courses online, by phone, mail or in-person starting Wed, Oct 24 at 9:00 am (PDT).

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.

Part-time Studies Financial Aid

Will you be studying at BCIT part-time? Do you need assistance funding your studies? Find out if you qualify for Part-time Studies financial aid ›

© BCIT