Bachelor 2025/2026

Quantitative Decision Making in a Big Data Society

Type: Compulsory course (Digital Product Management)

Delivered by: Department of Business Informatics

When: 3 year, 1, 2 module

Open to: students of one campus

Language: English

Contact hours: 48

Course Syllabus

Abstract

Management science can be defined as the application of scientific and systematic procedures, techniques and tools to operational, strategic and policy problems in order to help develop and evaluate solutions to problems encountered within management. Management science includes all rational approaches to management decision-making that are based on an application of scientific and systematic methodologies. Both management science as a discipline, and management scientists as individuals with specialised training, aid management by providing a structure to decision-making situations whose complexity, and/or level of uncertainty, makes intuition an unsafe guide. The distinctive feature of the management science approach is the construction of an explicit, simplified model of relevant aspects of the situation under study. Such models are often based on mathematical or statistical formulations, but may at other times have a more qualitative character.