GBA 6420 Optimization For Business Analytics (3 Credits)
This course is to help students understand how complex business problems can be modeled, analyzed, and solved in an optimal manner. Students will learn to develop spreadsheet models for making complex business decisions, as well as interpret the results of such models. The course covers optimization models including various mathematical programming models and decision making under risk and uncertainty. 3 lecture/discussions.
- Understand the basic theory and applications from the perspective of decision theory;
- Develop prescriptive analytical models (optimization models) and use appropriate methodologies and computer tools to solve such optimization problems;
- Interpret business optimization problems and communicate the managerial results under business setting;
- Understand the basics in decision making under uncertainties and develop business strategies accordingly.