Decision Model Proposal and Application - Report Writing Management Assignment Help

Assignment Task:

Assessment Details: 

This assessment requires students to investigate, analysis and report on a business decision scenario. The investigation will consider designing and testing the decision model with suitable data for the business scenario. Students also require presenting their models in class during separate presentation session. 

In this group task, students are required to provide a summary of the literature review findings in a review format. As a guide, students should research academic journals, books or conference proceedings through ProQuest or Google Scholar. Normal referencing is expected in the review and the arguments must be supported with evidence from the literature. 

The assignment is worth 40% of the final grade and therefore, to achieve a satisfactory result, students need to demonstrate strong commitment and diligence with this task. The assessment rubrics have been provided, so students should read these carefully to ensure they address the requirements at the designated standard. 

The applied project includes two main components:

1. Decision Model Proposal 

Investigation of two separate models that apply to a given industry or a simulation that can be modelled to a given industry: sport, medicine, manufacturing, airlines, scheduling, etc. 

2. Decision Model application

 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. 

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

Harvard format referencing must be used.

Criteria

• The proposed model provides a detailed analysis for the business problem requirements and includes constraints and assumptions for its application 

• The application and testing of the model provide a comprehensive analysis of the business problem and decision making 

• Discussion of model reliability and decision-making justification with sensitivity analysis is presented 

• Ideas and content are presented coherently, and the review is presented according to the Harvard referencing style 

• Show group dynamics in preparing and presenting the report

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