Advanced Decision Models and Analytics

Catalog description

n this second course on prescriptive analytics, students will refine their skills in formulating, solving, and interpreting quantitative decision-making problems using analytical modeling. The instructor will select several of the following application areas to explore in-depth: managerial decision-making under uncertainty, matching supply and demand, pricing and revenue management, supply chain design and planning, healthcare, public policy, and sustainability. This course will emphasize the use of Excel spreadsheet modeling techniques using Excel add-ins as introduced in OPM 9500, and will also introduce more sophisticated formulations, such as multi-period or dynamic models.