Introduction, Descriptive and Predictive Analytics-Descriptive and Predictive Analytics: Demand Uncertainty, Forecasting, and the Newsvendor Problem
Course Introduction and Welcome
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The Newsvendor Problem
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Moving Averages
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Trends, Seasonality
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Week 1 Wrap-up, Apparel Industry
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Excel Files, Slides and Practice Problems
Prescriptive Analytics, Low Uncertainty-Prescriptive Analytics: Making the Best Decisions in Settings with Low Uncertainty
How to Build an Optimization Model
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Optimizing with Solver
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Network Optimization Example
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(Optional) Week 2 Review
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(Optional) Solver on Mac
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(Optional) Solver in Google Sheets
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Excel Files, Slides, and Practice Problems
Predictive Analytics, Risk-Predictive Analytics: Risk and Evaluation of Alternatives
Comparing Decisions in Uncertain Settings
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Simulating Uncertain Outcomes in Excel
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Interpreting and Visualizing Simulation Output
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(Optional) Week 3 Review
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Excel file, Slides, Practice Problems
Prescriptive Analytics, High Uncertainty -Prescriptive Analytics: Decision Trees, Making the Best Decisions in Settings with High Uncertainty
Decision Trees
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Using Simulation with Decision Trees
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Using Optimization Together with Simulation
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Week 4 Wrap-up
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(Optional) Session 4 Review
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(Optional) Advanced Session on Optimization
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Excel files, Slides, and Practice Problems