PERFORMANCE ANALYTICS - 2024/5
Module code: MANM529
This module is designed to introduce to students how mathematical and econometric methods can be used to model diverse transformation processes, to establish benchmarks of efficiency and productivity for organisations, and how to carry out a benchmarking exercise using such methods. The students will gain valuable hands-on experience of implementing an efficiency and productivity assessment with real case studies using appropriate software.
Surrey Business School
GIRALEAS Dimitris (SBS)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 90
Lecture Hours: 11
Seminar Hours: 4
Laboratory Hours: 22
Guided Learning: 12
Captured Content: 11
Prerequisites / Co-requisites
- Introduction to the notions of comparative performance measurement, unit of assessment, measures of efficiency.
- Principles of Linear Programming
- Basics of Data Envelopment Analysis (DEA)
- Extensions to the basic DEA models considering variable returns to scale
- Production Theory
- Regression models for Inference
- Econometric models for transformation functions
- Parametric methods for efficiency measurement
The module will utilise a number of case studies as appropriate, drawn from areas where comparative performance assessments have been extensively applied, such as Healthcare, Banking, Education, Utility Regulation, etc.
|Unit of assessment
|PC Lab (Open Book) Exam - 2 hours
Students will undertake an individual version of the coursework.
The assessment strategy is designed to provide students with the opportunity to demonstrate that they:
- Understand how to carry out an efficiency assessment exercise, by formulating appropriate models for the data at hand;
- Can advice decision makers for appropriate action to increase the efficiency and / or productivity of the business;
- Can presenting solutions to business managers in a way they can understand and act upon.
Thus, the summative assessment for this module consists of:
- Coursework Group Assignment: 60%
- The coursework student's to demonstrate the ability to follow the interpretation of the results from end-to-end, to take a real-world business problem and produce realistic, robust and understandable options and insights. This combines the technical skills above with the softer skills of process and communication that transform raw data into actionable, decision-making insights.
- Open Book Exam: 40%
- The exam enables student's to demonstrate technical skills through a series of mathematical and data questions (e.g. testing the student¿s ability to calculate and extract efficiency score and work out key outcomes from the model such as targets, peers, weights, etc.). These technical skills are arguably the primary objective for the business analytics consultant and of employers, and so it is necessary to specifically test the student's mathematical capability within an exam setting.
Students will be given real dataset to analyse in the computer labs. Additional tasks at the end of the lab sheets will form the basis of their independent study. The solutions provided to the lab sheets (including the additional tasks) will form the formative assessments, as students can assess their own work and can also use the labs and student feedback and consultation hours for advice and feedback.
One of the final face-to-face sessions will be reserved to discuss assessment strategies and give feedback on the module as a whole.
- Enable students to understand how analytical methods relying in linear programming and statistical methods can be used to derive benchmarks, targets and measures of efficiency and productivity for decision maker units.
- Understand theory of performance evaluation and apply them in complex multi-output multi-input contexts in the production of goods and services.
- Provide students with hands-on experience on implementing an efficiency and productivity assessment using these methods with the help of specialised software.
|Design and implement comparative efficiency assessments, convincingly justifying their choices in model creation and approach selection based on relevant literature, the data available and evidence from the analysis
|Formulate and interpret the output of an efficiency/productivity analysis and evaluate its meaning and significance
|Identify and discuss any issues they might come across during the assessment exercise and provide plausible explanations/reasons for their findings
|Use relevant software to carry out comparative efficiency assessments.
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The learning and teaching strategy is designed to cultivate an understanding of the Analytics for comparative assessment of decision making units. Students will learn how to apply the theoretical concepts using data from real world applications. The learning and teaching methods include: Synthesising theories of data envelopment analysis and related areas; o Hands-on-approach by evaluating several software tools relevant to measuring efficiency and productivity of decision making units; o Demonstrating evidence of background reading and research of the academic and practitioner literature relevant to performance evaluation of homogenous decision making units. This module is delivered as a mix of lectures and lab classes. Web-based learning support and electronic resources will be provided.
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Upon accessing the reading list, please search for the module using the module code: MANM529
Employability: The module is highly applied and directly teaches key skills needed for Business Analytics graduates going into analytical careers.
Digital capabilities: Students develop digital capabilities specifically by using problem-solving and analytical skills to use data to make decisions how to transform data into useful insights by understanding how data gets turned into knowledge and eventually into insight.
Programmes this module appears in
|Business Analytics MSc
|A weighted aggregate mark of 50% is required to pass the module
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2024/5 academic year.