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Introduction to Optimization – Statistics.Com

Statistics.com
0-6 Month Online
Intermediate 8-Jan-2016
Online Business Analytics
Online Self Paced 509
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DescriptionProgram StructureEligibilityToolsFacultyContact

Scarcity is a dominant feature of the economic landscape – time, labor and other inputs into business processes.  The essence of management is to make choices that make optimal use of scarce resources. Students

In this online course, will learn how to apply linear programming to complex systems to make better decisions – decisions that increase revenue, decrease costs, or improve efficiency of operation.

The course introduces the role of mathematical models in decision-making, then covers how to formulate basic linear programming models for decision problems where multiple decision need to be made in the best possible way, while simultaneously satisfying a number of logical conditions (or constraints).  Students will use spreadsheet software to implement and solve these linear programming problems.

Course Program:

  • WEEK 1: Introduction
  • WEEK 2: Linear Programming Models
  • WEEK 3: Domain Specific Illustrations
  • WEEK 4: Sensitivity Analysis

Important Date:

January 08, 2016 to February 05, 2016

Duration: 

4 Weeks

Time Requirement:

About 15 hours per week, at times of  your choosing.

Fees:

INR 37,740 (assuming $ = INR 60)

Part Time/Full Time:

Part Time

Pre-requisite:

Business analysts with responsibility for specifying, creating, deploying or interpreting quantitative decision models.  Users of linear programming software who need to attain a more solid grounding in the subject.

  • Excel
  • Cliff Ragsdale
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