Major type

Undergraduate

Description

Operations Management and Decision Sciences introduces students to the management of operations; the processes that add value for a customer. Operations have become increasingly important in the business world and are a major area of employment. At the same time, this major equips students with a structured approach to decision-making in business and managerial situations, where choice between alternatives is complex and can involve a difficult trade-off between multiple objectives.The major focuses on significant decisions that can be addressed in an objective fashion through quantitative modelling and analysis, combined with an understanding of the problem at hand. Such skills are repeatedly required in contemporary management. There is a range of electives offered in this major enabling students to select either topics in operations management or topics in decision sciences.

Please note. This is a new major from 2009 and replaces the Management Decision Sciences major.

Requirements for the major

Students intending to complete a major in Operations Management and Decision Sciences must complete the following two prerequisite junior units of study (12 credit points):

• ECMT1010 Business and Economic Statistics A
• ECMT1020 Business and Economic Statistics B

For a major in Operations Management and Decision Sciences, students must complete a minimum of 36 credit points in senior units of study, comprising:

1. Four compulsory units of study (24 credit points), as follows:
   • ECMT2620 Management Science
   • ECMT2630 Managerial Decision Making
   • ECMT2640 Operations Management (New unit for 2009)
   • ECMT3610 Management Science Models and Methods
2. At least two elective units of study (12 credit points) selected from the following::
   • ECMT2110 Regression Modelling
   • ECMT2120 Analysis of Discrete Choice Data
   • ECMT2130 Financial Econometrics
   • ECMT3110 Econometric Models and Methods
   • ECMT3120 Applied Econometrics
   • ECMT3130 Forecasting for Economics and Business
   • ECMT3160 Statistical Modelling
   • ECMT3640 Project Planning and Management (New unit for 2009)

Requirements for the extended major

To obtain an extended major in Operations Management and Decision Sciences, students must complete the following units of study (including 48 credit points in senior units of study):

1. All the compulsory units listing under the Operations Management and Decision Sciences major (see above), and
2. At least four (4) senior units of study (24 credit points) selected from the elective units of study listing under the Operations Management and Decision Sciences major (those listed under point (ii) above).

Pre-2009 students

Pre-2009 Continuing Students who wish to complete the former Management Decision Sciences major, should follow the requirements set out below.

Students intending to complete a major in Management Decision Sciences must complete the following two prerequisite junior units of study (12 credit points):

• ECMT1010 Business and Economic Statistics A
• ECMT1020 Business and Economic Statistics B

For a major in Management Decision Sciences, students must complete a minimum of 36 credit points in senior units of study, comprising:

1. Four compulsory units of study (24 credit points), as follows:
   • ECMT2110 Regression Modelling
   • ECMT2620 Management Science
   • ECMT2630 Management Decision Making
   • ECMT3610 Management Science Models and Methods
2. At least two elective units of study (12 credit points) selected from the elective units of study listing under the Operations Management and Decision Sciences major above.

Pre-2006 students

Students who commenced their degree prior to 2006 may complete the following to qualify for a major in Management Decision Sciences / Management Science:

1. Two (2) compulsory junior units of study:
   • ECMT1010 Business and Economic Statistics A
   • ECMT1020 Business and Economic Statistics B
2. A minimum of 32 credit points of senior (2000 or 3000 level) ECMT units of study (including ECMT2010/2110 Regression Modelling, ECMT2720/2620 Management Science, ECMT2730/2630 Managerial Decision Making, and ECMT3710/3610 Management Science Models and Methods).

Availability of this major

The Operations Management and Decision Sciences major is an available option in the following degrees offered by the Faculty of Economics and Business:

• Bachelor of Commerce
• Bachelor of Commerce and Bachelor of Arts
• Bachelor of Commerce and Bachelor of Laws
• Bachelor of Commerce and Bachelor of Science
• Bachelor of Commerce (Liberal Studies)
• Bachelor of Economics

Students in the following degrees administered by the Faculty of Engineering and Information Technologies also have the option of completing a major in Operations Management and Decision Sciences:

• Bachelor of Engineering and Bachelor of Commerce
• Bachelor of Information Technology and Bachelor of Commerce

Students in the following degree administered by the Faculty of Arts also have the option of completing a major in Operations Management and Decision Sciences :

• Bachelor of Economic and Social Sciences

An Operations Management and Decision Sciences major or electives in this area may also be available to students enrolled in other degrees in the University. Students should check the other faculty's course information for further details.

• Bachelor of Commerce (FH027)
• Bachelor of Commerce (Liberal Studies) (FH019)
• Bachelor of Commerce and Bachelor of Arts (FH033)
• Bachelor of Commerce and Bachelor of Laws (FH028)
• Bachelor of Commerce and Bachelor of Science (FH034)
• Bachelor of Economics (FH029)
• Bachelor of Information Technology and Bachelor of Commerce (HH042)

• Discipline of Econometrics and Business Statistics
• Faculty of Economics and Business
• University of Sydney