PRESCRIPTIVE ANALYTICS

Catalog description

The focus of this course is mainly on prescriptive analytics with some parts focused on predictive analytics. Prescriptive analytics seeks to determine the best solution or outcome among various alternatives for a given situation, as well as, suggest decision options for how to take advantage of a future opportunity or mitigate a future risk, and illustrate the implications of each decision option. In this course, students will be familiar with teh techniques, tools, and applications that support managerial decision-making. The emphasis will be on the formulation of different optimization problems and the use of appropriate quantitative techniques to solve these problems.