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Old Dominion University

2013-2014 Catalog

Bachelor of Science in Business Administration - Business Analytics Major

G. Steven Rhiel, Chair

Kelly Alvey, Chief Discipline Advisor

Business Analytics enables students to properly develop decision models and use computers to manipulate data and make appropriate information available for decision making with courses in a chosen functional area of business. Business Analytics graduates are often employed in their functional area as analysts. Business Analytics graduates take jobs in any of the functional areas specified in the major.

Business Analytics major course work

BNAL 406Spreadsheet Modeling and Analysis for Business Decisions3
BNAL 407Business Analysis3
BNAL 476Simulation Modeling and Analysis for Business Systems3
Major Electives6
Select one from the following:
Forecasting
Supply Chain Management and Logistics
Select one from the following:
Managerial Accounting
Internship
Forecasting
Supply Chain Management and Logistics
Research Methods in Economics
Introduction to Mathematical Economics
Risk Analysis and Control
Investments
International Business Operations
Systems Design and Implementation
Compensation Management
Marketing Research
Strategic Sourcing and Purchasing Management
Functional Area Electives9
Choose and complete course work from one of the following functional areas:
ACCT
Two approved 300-400 level ACCT courses
Approved International Business Requirement
Select one from the following:
International and Advanced Accounting
International Economics
International Financial Management
Information Systems for International Business
International Business Operations
Comparative International Management
Management Seminar Abroad
Multi-National Marketing
International Shipping
ECON
International Economics
Two approved 300-400 level ECON courses
FIN
International Financial Management
Two approved 300-400 level FIN courses
INBU
International Economics
International Financial Management
Multi-National Marketing
IT *
Two approved 400-level IT courses
Approved International Business Requirement
MGMT
International Business Operations
Comparative International Management
Two approved 300-400 level MGMT courses
MKTG
Multi-National Marketing
Two approved 300-400 level MKTG courses
MSCM
International Shipping
Two approved MSCM courses
Free Elective3
200-400 Level Business Elective **3
300-400 Level Business Elective **3
Total Hours33

*

International Business Requirement for grade point calculation only. Note that only students who are also majoring in IT are permitted to use it as a functional area in the decision sciences major.

**

Can be any 200-400 or 300-400 level course offered by the College of Business and Public Administration except ECON 200S, providing that the student has the appropriate prerequisites.

Courses included in the calculation of the 2.00 overall grade point average for major course work for graduation are:

Spreadsheet Modeling and Analysis for Business Decisions
Business Analysis
Simulation Modeling and Analysis for Business Systems
Business Analytics Electives
Functional Area Electives

Business Analytics Minor

The minor in Business Analytics requires four courses (12 hours) comprised of:

BNAL 306Statistical Data Analysis and Management Science3
OPMT 303Operations Management3

and any two of the following:

BNAL 406Spreadsheet Modeling and Analysis for Business Decisions3
BNAL 407Business Analysis3
BNAL 476Simulation Modeling and Analysis for Business Systems3

 

At least two of the four courses must be completed through courses offered by Old Dominion University, and a 2.00 overall grade point average is required exclusive of prerequisite courses. Business majors who want to make themselves more marketable may choose a minor in Business Analytics by taking two additional courses.

BUSINESS ANALYTICS Courses

BNAL 206. Probability, Decision Analysis and Business Statistics. 3 Credits.

Prerequisites: A grade of C or better in MATH 162M or placement into a higher level math course. An introduction to methods of probability assessment and statistical inference. Topics include descriptive statistics, normal and binomial distributions, decision making under uncertainty and under risk, decision analysis incorporating sample information, sampling distributions and Central Limit Theorem, interval estimation, and hypothesis testing. Business and economic applications are emphasized. Computer software, as a tool for problem solving, is utilized where appropriate.

BNAL 306. Statistical Data Analysis and Management Science. 3 Credits.

Quantitative methods for solving business problems. Topics include advanced hypothesis testing, analysis of frequency data, correlation analysis, simple and multiple regression, time series forecasting, linear programming formulation and managerial analysis, distribution models, and PERT/CPM models. Computer software, as a tool for problem solving, is utilized throughout the course. Emphasis is on the interpretation of the varied aspects of quantitative solutions. Prerequisites: MATH 200, BNAL 206 and a declared major in the University or permission of the Dean's Office.

BNAL 367. Cooperative Education. 1-3 Credits.

Prerequisites: Junior standing and a declared major in the University or permission of the Dean's Office. Approval for enrollment and allowable credits are determined by the department and Career Management in the semester prior to enrollment. (Qualifies as a CAP experience.).

BNAL 368. Internship. 1-3 Credits.

Prerequisites: BNAL 306 and a declared major in the University or permission of the Dean's Office. Approval for enrollment and allowable credits are determined by the department and Career Management in the semester prior to enrollment. (Qualifies as a CAP experience.).

BNAL 369. Practicum. 1-3 Credits.

Prerequisites: BNAL 206 and BNAL 306 and a declared major in the University or permission of the Dean's Office. Approval for enrollment and allowable credits are determined by the department CAP adviser and the Career Management Center in the semester prior to enrollment. Student participation in a professional work experience. (Qualifies as a CAP experience.).

BNAL 406. Spreadsheet Modeling and Analysis for Business Decisions. 3 Credits.

Prerequisites: A grade of C or better in BNAL 306 and a declared major in the University or permission of the Dean's Office. This course introduces students to the use of spreadsheet modeling to analyze and make business decisions. Course topics include spreadsheet design, data analysis for modeling, and Monte Carlo simulation. Students will improve their proficiency in using spreadsheet applications and advanced spreadsheet features through the use of software such as Excel.

BNAL 407/507. Business Analysis. 3 Credits.

Prerequisites: BNAL 306 and a declared major in the University or permission of the Dean's Office or the instructor. Formulation and solution of mathematical models and their uses and limitations in business. Topics include linear, integer, and goal programming, network models, queuing, utility theory, and Markov analysis. Cases and computer solution of topics introduced in this class, as well as topics from BNAL 206 and 306, are incorporated.

BNAL 432/532. Forecasting. 3 Credits.

Prerequisites: BNAL 306 and a declared major in the University or permission of the Dean's Office. Techniques for preparing business forecasts. Applications include both shorter term forecasting for sales and operations management as well as forecasting for long term planning. Emphasis is on statistical methods to obtain and evaluate forecasts. Statistical models are implemented using standard software such as MINITAB or EXCEL.

BNAL 441. Supply Chain Management and Logistics. 3 Credits.

Prerequisites: OPMT 303 and BNAL 306 and a declared major in the University or permission of the Dean's Office. Supply chain management integrates all activities associated with the flow of materials and information from product start to customers. Examples include order processing, warehousing, inventory management, transportation and logistics, and the costs and information systems supporting these activities. Particular application is made to global logistics systems supporting port and maritime activities. Supply chain relationships can be improved through effective integration of management and via such technologies as the World Wide Web, electronic data exchange, and enterprise resource planning (ERP).

BNAL 476/576. Simulation Modeling and Analysis for Business Systems. 3 Credits.

Prerequisites: OPMT 303 and BNAL 306 with a grade of C or better, senior standing and a declared major in the University or permission of the Dean's Office. Methods and techniques of digital computer simulation of business systems utilizing knowledge of data processing, statistics, probability theory and operations research. Areas of application include systems that experience waiting problems. Topics include the methodology for the construction of computer simulation models, model verification, validation, and analysis of results. This course also includes/qualifies as a CAP experience.

BNAL 495. Topics in Business Analytics. 3 Credits.

Prerequisites: Senior standing and a declared major in the University or permission of the Dean's Office. Selected advanced topics in decision sciences. Taught on an occasional basis. See the course schedule for the particular topic being taught each semester.

BNAL 497. Independent Study. 1-3 Credits.

Affords students the opportunity to undertake independent study under the direction of a faculty member. Prerequisites: Permission of department.