Decision Analysis

Our first 'proper' subject kicked off with Decision Analysis. The lecturer, although he got off to a slow start (I think we all had very high expectations) was very good. We looked at many techniques for making business decisions including doing lots of modelling. The case studies were our first chance to work as a group which, after the week of team building and cultural awareness went really well. The interesting elements of this subject were the topics that allowed us to look into reasons poor decisions were made and also the criticisms of decision analysis. Looking at both sides allowed me to reflect on many of the decisions I have had to make in my life. With the insight from the class I can see where and why I have made mistakes, how they came about and how to avoid them in the future! Our assessment for the class is a case study preparation where we get to choose a big company decision, modell it and also give a perspective of different decision analysis approaches. Having this subject up front and tkane within one week really jammed with case study team work gave everyone a lasting impression of the issues going into the rest of our studies and our future careers. Hopefully anyway!