# DECISION SCIENCES (INCLUDE OPERATIONS RESEARCH AND QUANTITATIVE MANAGEMENT)

Decision Sciences Major Combinations for the BCom (Generic) and BCom (Quantitative Management)
NQF Level 5: DSC1520
NQF Level 6: DSC1630, DSC2602, DSC2604, DSC2605, DSC2606
NQF Level 7: DSC3702, DSC3703, DSC3704, DSC3705, DSC3706, DSC3707
Decision Sciences Combinations for the BSc (General)
NQF Level 5: DSC1520
NQF Level 6: DSC1630, DSC2602, DSC2604, DSC2605, DSC2606
NQF Level 7: At least FOUR of DSC3702, DSC3703, DSC3704, DSC3705, DSC3706, DSC3707

Elementary Quantitative Methods - QMI1500
Under Graduate Degree,Certificate,Diploma,Higher Certificate Semester module NQF level: 5 Credits: 12
Module presented in English
Co-requisite: BNU1501 (Applicable to 98237 and 90016 only)
Recommendation: Should be taken together with or follow on BNU1501 (Only applicable to 98237)
Purpose: To introduce the student to numerical manipulation, elementary descriptive statistics and index numbers.
Introduction to Heuristics - DSC4824
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: This module is developed to enable students to acquire an understanding and technical ability in heuristic methodologies and meta-heuristic computations.
Introductory Financial Mathematics - DSC1630
Module presented in English Module presented online
Purpose: This module provides fundamental introductory knowledge, and skills to identify which mathematical formulas to use in a specific financial problem. Students who complete this module will be able to solve problems involving for interest rates, annuities, amortisation, stock pricing and capital budgeting.
Financial Modelling 1 - DSC4825
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: The purpose of the module is to introduce the student to the derivative investment environment. After completion of the module the student should: understand the characteristics of derivatives; be able to model and price derivatives and understand how futures and options can be used to manage profits and reduce risks.
Rational Decision Making - DSC2602
Under Graduate Degree,Certificate Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC1520
Purpose: Qualifying students will be able to use selected data analysis techniques to manipulate and process data into meaningful information. Students will be able to apply these techniques and solve problems from selected topics in operations research such as decision analysis, project management, network modelling, as well as statistical quality management.
Financial Modelling 2 - DSC4826
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Co-requisite: DSC4821 & DSC4825
Purpose: The purpose of the module is to introduce the student to the mathematical modelling of portfolio risk and financial price processes. After completion of the module the student should: be able to construct Markowitz efficient frontiers; understand the concept and use of arbitrage arguments; be able to compute martingale measures; construct discrete-time (Cox-Ross-Rubinstein) and continuous-time pricing models for share; prices and derivative values; be able to derive and apply the Black-Scholes formula and be able to characterise stopping times for American options.
Financial Modelling - DSC2604
Under Graduate Degree,Certificate Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC1520, DSC1630
Purpose: Students who complete this module can model and solve decision-making problems in the financial environment with techniques of spreadsheet modelling, sensitivity analysis, statistical data, portfolio analysis and decision support tool creation within a spreadsheet.
Research Project - DSC4830
Honours Year module NQF level: 8 Credits: 36
Module presented in English Module presented online
Purpose: The purpose of this module is to equip the student with technical writing skills and to introduce the student to the practice of Operations Research or Financial Modelling. The latter includes the identification and modelling of a problem, the solution thereof by using mathematical and statistical techniques and the presentation of the results in a scientific manner.
Linear Mathematical Programming - DSC2605
Under Graduate Degree Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC1520
Purpose: Qualifying students will be able to model and solve linear optimisation problems by using techniques of linear programming and computer software packages. The students will also be familiar with linear algebra.
Nonlinear Mathematical Programming - DSC2606
Under Graduate Degree Semester module NQF level: 6 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC1520
Purpose: Qualifying students will be able to model and solve optimisation problems with techniques of differential calculus and nonlinear programming.
Optimisation of Resources - DSC3702
Under Graduate Degree,Certificate Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC2602 and (DSC2601 or DSC2605 & DSC2606)
Purpose: Students will be able to formulate, solve and analyse the results of linear, goal and integer programming models.
Simulation - DSC3703
Under Graduate Degree,Certificate Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC2602 and (DSC2601 or DSC2605 & DSC2606)
Purpose: Students will be able to use relevant theory for structuring and solving simulation models in practice.
Models for Strategic Decision-Making - DSC3704
Certificate,Under Graduate Degree Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC2602 and (DSC2601 or DSC2605 & DSC2606)
Purpose: Student will be able to select and apply relevant criteria decision-making to the problem of selecting one from a number of contenders where the most important information is human judgement.
Financial Risk Modelling - DSC3705
Under Graduate Degree,Certificate Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC2602 & DSC2604 and (DSC2601 or DSC2605 & DSC2606)
Purpose: Students can interpret and apply principles and methodologies for the treatment of uncertainty and risk in Financial Modelling.
Selected Topics for Operations Research - DSC3706
Under Graduate Degree,Certificate Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC2602 and (either DSC2601 or DSC2605 & DSC2606)
Purpose: To familiarise the student with the philosophy of Operations Research and some aspects of heuristics, game theory and forecasting.
Mathematical Modelling II - DSC3707
Under Graduate Degree Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: DSC2602 and (either DSC2601 or DCS2605 & DSC2606)
Purpose: To introduce the student to a wide-ranging overview of elementary mathematical modelling in the economic and financial environments.
Basic Numeracy - BNU1501
Higher Certificate Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Purpose: Students who complete this module will have skills, knowledge and competencies related to basic decision numeracy in a business and personal environment. Students will be able to solve every day mathematical and financial problems by applying basic calculations.
Research Support Tools - DSC4810
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 12
Module presented in English Module presented online
Purpose: The purpose of this module is to enable the student to develop technical report writing skills, including the use of the packages LaTeX and R, conducting a literature study and producing a report.
Quantitative Modelling I - DSC1520
Under Graduate Degree,Diploma Semester module NQF level: 5 Credits: 12
Module presented in English
Purpose: A qualifying student will be able to apply basic mathematical modelling and computational skills in the business world.
Forecasting - DSC4812
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 12
Module presented in English Module presented online
Purpose: The purpose of this module is to enable the student to develop an understanding and knowledge of the theory of forecasting models and its applications in real world situations.
Business Numerical Skills A - FBN1501
Under Graduate Degree Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Purpose: To introduce the student to numerical manipulation, elementary descriptive statistics and index numbers.
Stochastic Modelling - DSC4821
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: This module is developed to enable students to acquire an understanding and knowledge of the introductory theories of stochastic modelling and their applications in Markov chains, counting processes, queues and reliability theory.
Business Numerical Skills B - FBN1502
Under Graduate Degree Semester module NQF level: 5 Credits: 12
Module presented in English Module presented online
Pre-requisite: FBN1501
Purpose: To introduce the student to concepts of financial mathematics, basic modelling and elementary differentiation.
Discrete Optimisation - DSC4823
Honours,Post Graduate Diploma Year module NQF level: 8 Credits: 24
Module presented in English Module presented online
Purpose: This module is developed to enable students to acquire an understanding and technical ability in optimisation and its applications.