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Statistical methods in management decisions

3.2.1.3

Вибіркова дисципліна для ОП

Second

2021/2022

3 Semester

5

PLO 2. Develop, justify and make effective decisions on the development of socio-economic systems and management of economic entities PLO 6. Evaluate the results of their own work, demonstrate leadership skills and ability to manage staff and work in a team PLO 7. To choose effective methods of management of economic activity, to substantiate the offered decisions on the basis of relevant data and scientific and applied researches. PLO 12. Justify management decisions for the effective development of economic entities, taking into account the goals, resources, constraints and risks.

Distance form

1. Successful mastering of the courses "Business Statistics", "Accounting", "Financial Analysis". 2. Know: theoretical and methodological foundations of economic statistics, basic classifications of economic statistics, statistics of macroeconomic indicators and the system of national accounts. 3. Have the skills of statistical processing, analysis and visualization of data. In turn, knowledge of this discipline contributes to the successful completion of master's theses.

The curriculum consists of two content modules: Module 1. "Statistical methods of operations efficiency management". Classification of costs for decision making. Cost behavior. Cost-volume-profit analysis. Break-even point. Management format of financial statements. Analysis of sales structure and profitability of certain products. Cost-based pricing. Budgeting; types of budgets; general budget. Segment reporting. The method of full absorption of costs and the margin method. Analysis of deviations. ABC costing: constraint theory. Budgeting. Making investment decisions. Payback method. Sensitivity analysis. Probabilistic analysis for long-term solutions. Cash flow forecasting. Module 2 "Statistical methods of business efficiency management". Relevant costs. The process of making short-term decisions.

The purpose of the discipline - is to master statistical methods in management decisions. The educational task of the course is to study theoretical and practical skills in effective operations management, financial planning, budgeting, pricing.

Forms of student assessment: (max. 100 points / min. 60 points) 1. Oral interview, discussion - 10 points / 6 points; 2. Solving problems - 20 points / 12 points; 3. Testing - 20 points / 12 points; 4. Modular test - 20 points / 12 points; 5. Independent work - 10 points / 6 points; 6. Final test - 20 points / 12 points. - final evaluation

Ukrainian