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University of Minnesota

Optimization for Decision Making

In this data-driven world, companies are often interested in knowing what is the "best" course of action, given the data. For example, manufacturers need to decide how many units of a product to produce given the estimated demand and raw material availability? Should they make all the products in-house or buy some from a third-party to meet the demand? Prescriptive Analytics is the branch of analytics that can provide answers to these questions. It is used for prescribing data-based decisions. The most important method in the prescriptive analytics toolbox is optimization. This course will introduce students to the basic principles of linear optimization for decision-making. Using practical examples, this course teaches how to convert a problem scenario into a mathematical model that can be solved to get the best business outcome. We will learn to identify decision variables, objective function, and constraints of a problem, and use them to formulate and solve an optimization problem using Excel solver and spreadsheet.

状态:Data-Driven Decision-Making
状态:Data Modeling
初级课程小时

精选评论

VP

5.0评论日期:Aug 15, 2025

The course is good for learning fundamentals of optimisation using linear programming !

JH

5.0评论日期:May 31, 2021

There are a lot of examples to work through and learn from which I find helps make the material easier to learn.

CL

5.0评论日期:May 15, 2021

Good teaching style with step by step guidance. Thanks for the connecting high school math (that I learned many years ago) to real life context. I look forward to the next course.

JI

5.0评论日期:Jan 15, 2024

The professor was easy to follow. I learned more from this course than a whole semester of Optimization in my graduate class.

AO

5.0评论日期:May 19, 2023

I love the calmness and the fact the course was detailed and concise as possible. Professor Soumya Sen is a great teacher.

CW

4.0评论日期:Apr 16, 2021

It was an interesting refreshed for the most part and went very quickly. Could have used just a little more info on using Excel Solver. Thanks for the class!

AJ

5.0评论日期:Dec 10, 2025

hands on oriented. good balance of theory and practical

NR

5.0评论日期:Sep 17, 2021

Very insightful course. Love the detail explaination for solving simple LP problems.

TB

5.0评论日期:Jul 16, 2023

I found this course excellent, almost one could say, optimal!

所有审阅

显示:18/18

Frederick K. Asare
5.0
评论日期:Feb 19, 2024
Chananthorn Sornnurak
5.0
评论日期:Sep 14, 2021
CHIN WAH LOO
5.0
评论日期:May 16, 2021
John Bonfardeci II
5.0
评论日期:Jan 15, 2024
Abayomi Ebenezer Olawumi
5.0
评论日期:May 20, 2023
J Hyde
5.0
评论日期:Jun 1, 2021
Vivek Pandey
5.0
评论日期:Aug 16, 2025
Noaman Rasul
5.0
评论日期:Sep 17, 2021
Toby Beynon
5.0
评论日期:Jul 17, 2023
Aditya Joshi
5.0
评论日期:Dec 11, 2025
chong peng kong
5.0
评论日期:Sep 12, 2023
Yiyang Song
5.0
评论日期:Jan 6, 2023
Muhammad Yasin
5.0
评论日期:Feb 9, 2024
jain maria
5.0
评论日期:Jul 16, 2021
Denilton Macário de Paula
5.0
评论日期:Apr 19, 2025
Kuldeep Soni
5.0
评论日期:Sep 20, 2025
carl wilburn
4.0
评论日期:Apr 16, 2021
Muhammad Meidy Nur Hafidz
3.0
评论日期:Apr 18, 2024