Appld Optimzn&Decisn Analytics

Catalog description

Analytical models are key to understanding data, gaining insights into systems, generating predictions, and making decisions. Three major parts of analytical modeling are descriptive analytics (describe what happened), predictive analytics (predict what will happen), and prescriptive analytics (prescribe what should happen). In this course, we will discuss some modeling techniques for predictive and prescriptive analytics. This course introduces the students to the art of mathematical modeling of business and social systems for making practical, data-driven decisions. The methods covered include deterministic and stochastic optimization techniques, and simulation modeling techniques to discover and analyze the risk and uncertainty.