Mathematical Decision Making: Predictive Models and Optimization
Mathematical Decision Making: Predictive Models and Optimization
Seasons
24.
Stochastic Optimization and Risk
2023-11-01
Bring your entire toolkit to bear on the case history from Lecture 23, using stochastic optimization to take the full measure of your competitors for the building project. With this closing problem, you'll see how combining predictive analytics and optimization can help you stay one step ahead of the competition.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 24 Now
23.
Monte Carlo Simulation for a Better Job Bid
2023-11-01
Graduate to one of the most versatile and widely used techniques in operations research: simulation, which models the intricate interplay of variables in complicated situations. Focus on a competitive bid for a building project and how simulation can come up with a winning strategy.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 23 Now
22.
Queuing - Why Waiting Lines Work or Fail
2023-11-01
Extend your use of Markov analysis to waiting lines, or queues. Discover how a random arrival process is analogous to the sound of popcorn popping.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 22 Now
21.
Markov Models - How a Random Walk Evolves
2023-11-01
Peer into the future with Markov analysis, which studies random systems to predict possible future outcomes. Apply this technique to the downed plane example from the previous lecture, and then see how Markov analysis helped a German direct-marketing firm avoid financial ruin.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 21 Now
20.
Bayesian Analysis of New Information
2023-11-01
According to Bayes's theorem, the chance that something is true changes as new and better information becomes available. Trace the use of this principle in the search for wreckage from Air France flight 447, and learn how itthis simple but powerful idea serves as a corrective to bad decision making in many spheres.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 20 Now
19.
Decision Trees - Which Scenario Is Best?
2023-11-01
See how decision trees and probability analysis can lead to optimal decisions in situations that seem bewilderingly uncertain. Professor Stevens focuses on a potential public relations disaster faced by executives at Gerber Products and how they used a decision tree to chart a successful strategy.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 19 Now
18.
Randomness, Probability, and Expectation
2023-11-01
Probability allows you to evaluate situations where only partial control is possible - such as investment opportunities, public relations problems, and waiting lines. Hone your skills in elementary probability with simple challenges, including a game called "Cat or No Cat.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 18 Now
17.
Nonlinear Models - Best Location, Best Pricing
2023-11-01
Roll up your sleeves and tackle two practical problems in nonlinear programming: pick a location for a hub in an airline flight network, and price a retail product for maximum sales. In the latter case, you learn to model what makes Costco such a runaway success.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 17 Now
16.
Optimization in a Nonlinear Landscape
2023-11-01
Review the lessons of linear programming, which you have been studying since Lecture 8. Then venture into the world of nonlinear programming.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 16 Now
15.
Programs with Multiple Goals
2023-11-01
How do you evaluate the quality of a solution based on more than a single objective? Focus on three approaches: the weighted average, soft constraints combined with penalties, and prioritizing goals.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 15 Now
14.
Where Is the Efficiency Frontier?
2023-11-01
Rating the efficiency of an operation is difficult if multiple inputs and outputs are involved. This often happens when trying to evaluate productivity among non-profits or government programs.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 14 Now
13.
Integer Programming - All or Nothing
2023-11-01
Many problems contain variables that must be integers - for example, the number of units of a product or the number of production plants. Explore the special challenges presented by integer programs.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 13 Now
12.
Sensitivity Analysis - Trust the Answer?
2023-11-01
How much can you change a parameter in a problem before you affect the optimal solution? How do you forecast the tipping point at which dramatic changes occur?
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 12 Now
11.
Solving Linear Programs in a Spreadsheet
2023-11-01
Learn how to solve a linear program using the famous simplex algorithm, developed by George Dantzig. Follow this easy, step-by-step approach that will allow you to use a spreadsheet, such as Calc or Excel, to find the optimal solution to virtually any linear program that has one.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 11 Now
10.
Visualizing Solutions to Linear Programs
2023-11-01
Mathematical intuition can be a powerful tool for solving mathematical problems. See how the answer almost jumps out at you when you apply a graphical method to certain types of optimization problems.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 10 Now
9.
Scheduling and Multiperiod Planning
2023-11-01
Investigate multiperiod planning problems. You will apply the tools from previous lectures to schedule activities and control inventory.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 9 Now
8.
Linear Programming and Optimal Network Flow
2023-11-01
Continue your study of optimization problems by looking at solutions that use linear programming - an approach of exceptional power, speed, and simplicity. See how linear programming showed Union Pacific a cost-saving way to distribute railroad cars to locations throughout the country.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 8 Now
7.
Optimization - Goals, Decisions, and Constraints
2023-11-01
Get the big picture on optimization, which is the focus of the next section of the course. Optimization seeks the best possible answer to a given problem.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 7 Now
6.
Data Mining for Affinity and Clustering
2023-11-01
Delve deeper into data mining by exploring affinity analysis, or "what goes with what." One approach uses association rules to discover relevant connections between variables, while another employs clustering.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 6 Now
5.
Data Mining - Exploration and Prediction
2023-11-01
Plunge into the fast-growing field of data mining, which exploits computational power and innovative algorithms to analyze the ever-increasing deluge of data. Focus on classification and prediction, seeing how classification trees can help solve the problem of building a filter that predicts spam email messages.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 5 Now
4.
Time Series Forecasting
2023-11-01
Time series forecasting is a valuable tool when there's little data on what drives a process. Using the example of U.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 4 Now
3.
Nonlinear Trends and Multiple Regression
2023-11-01
Explore more complex linear regression problems, which involve nonlinear functions and/or multiple inputs. Many real-life situations require these approaches, called transformation of variables and multiple linear regression.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 3 Now
2.
Forecasting with Simple Linear Regression
2023-11-01
Linear regression is a powerful method for describing connections between related quantities. Analyze several problems using linear regression.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 2 Now
1.
The Operations Research Superhighway
2023-11-01
Survey the extraordinary range of applications for operations research and predictive analytics. Professor Stevens defines these fields, previews the mathematical techniques that underlie them, and charts their history, from World War II defense research to their rapid growth in the computer era.
Watch Mathematical Decision Making: Predictive Models and Optimization Season 1 Episode 1 Now
Mathematical Decision Making: Predictive Models and Optimization is a series categorized as a new series. Spanning 1 seasons with a total of 24 episodes, the show debuted on 2023. The series has earned a no reviews from both critics and viewers. The IMDb score stands at undefined.
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How can I watch Mathematical Decision Making: Predictive Models and Optimization online? Mathematical Decision Making: Predictive Models and Optimization is available on The Great Courses with seasons and full episodes. You can also watch Mathematical Decision Making: Predictive Models and Optimization on demand at Prime, Prime Video online.
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