Mathematical Decision Making: Predictive Models and Optimization
Mathematical Decision Making: Predictive Models and Optimization
Seasons
November 1, 2023
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.
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November 1, 2023
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
November 1, 2023
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
November 1, 2023
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
November 1, 2023
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.
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November 1, 2023
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.
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November 1, 2023
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
November 1, 2023
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.
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November 1, 2023
Review the lessons of linear programming, which you have been studying since Lecture 8. Then venture into the world of nonlinear programming.
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November 1, 2023
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.
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November 1, 2023
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.
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November 1, 2023
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.
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November 1, 2023
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
November 1, 2023
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.
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November 1, 2023
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
November 1, 2023
Investigate multiperiod planning problems. You will apply the tools from previous lectures to schedule activities and control inventory.
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November 1, 2023
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.
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November 1, 2023
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.
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November 1, 2023
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.
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November 1, 2023
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.
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November 1, 2023
Time series forecasting is a valuable tool when there's little data on what drives a process. Using the example of U.
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November 1, 2023
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.
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November 1, 2023
Linear regression is a powerful method for describing connections between related quantities. Analyze several problems using linear regression.
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November 1, 2023
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 no reviews from both critics and viewers.
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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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