Knowledge Transfer Partnership scheme
We’ve worked with organisations such as Logical Transport and the Royal National Lifeboat Institution
in the UK for business analytics
Published in top journals
Our research is published in journals such as Production and Operations Management, Operations Research and Risk Analysis
Overview
About the Department of Decision Analytics and Risk
We're a department within Southampton Business School (SBS). Through our research, we aim to transform business and society for the better. We shape the way industries embed analytics and management science into their business operations. We do this by providing organisations with the scientific tools to make risk-informed decisions.
We nurture the next generation of specialists in decision risk and analytics. We teach across SBS's accredited postgraduate and undergraduate courses. This includes business analytics and research methods courses and the MBA. Our Operational Research and Statistics is ranked 39th in the world and 7th in UK in the QS rankings 2023. We are also 11th in the UK for Business Analytics.
Organisations can also benefit from the knowledge and skills of our master’s students. We have a scheme which connects master’s students with an external sponsor organisation. Students carry out a 3-month project for their sponsor. Sponsors span a range of sectors including:
- industrial
- manufacturing
- engineering
- transportation
- retail
- financial
- service
Research
Through our research we develop innovative analytical approaches to decision-making, risk management and strategic planning. Our expertise in decision analysis, enables us to make a difference to organisations strategically, tactically, and operationally. We have 4 members of the department in the list of the world’s top 2% of scientists by Stanford University.
Marine autonomous vehicles
Our research on the risk and reliability of marine autonomous systems has enabled a UK company
to meet the risk and safety levels needed to:
- break into the profitable oil and gas market, securing a large market share
- invest £500,000 in a new risk and reliability department
- create two new high-skilled jobs
- form collaborations with other industry leaders
We collaborated with leading manufacturers of unmanned vessels and the Canadian Government to help the company embed our probabilistic modelling into the development process for its autonomous surface vehicles.
Healthcare in Sri Lanka
The Sri Lankan Ministry of Health is using computer simulation models based on our research to plan recruitment and training. As a result:
- over 1.5 million people with no previous access to state-funded care are able to visit a dentist once a year
- the number of unemployed qualified dentists has fallen to zero
Key publications
We have also have published articles in leading journals including:
- Quantifying the impact of environment factors on the risk of medical responders’ stress-related absenteeism in Risk Analysis
- Moving away from trading on the margins in Information Systems Journal
- Waste reduction in the supply chain of a deteriorating food item in European Journal of Operational Research
- Are the least successful traders those most likely to exit the market? in European Journal of Operational Research
- Transparent modelling of influenza incidence in International Journal of Forecasting
- How can lenders prosper? in European Journal of Operational Research
- The value of text for small business default prediction in European Journal of Operational Research
- Turning the heat on financial decisions in European Journal of Operational Research
Accreditations
The courses in our department are accredited by the following organisations:
- Association to Advance Collegiate Schools of Business
- Chartered Institute of Management Accountants
- The Chartered Institute of Logistics and Transport
- The Chartered Institute of Procurement and Supply
- Chartered Insurance Institute
- Association for Project Management (corporate affiliate)
- Institute of Risk Management
Research and enterprise
Our department’s research is used by a range of organisations from healthcare to transportation and the energy industry.
Our research community
We carry out our research within 5 well-established research centres and groups.
People
Work with us
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Jobs at Southampton
We’re hiring. Find out about job vacancies at the Department of Decision Analytics and Risk.