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Course: Operation Analytics Platform: Coursera Purpose: Additional Learning

This document provides an overview of the syllabus for an Operations Analytics course on Coursera. The course covers topics including descriptive and predictive analytics, prescriptive analytics under low uncertainty, predictive analytics and risk, and prescriptive analytics under high uncertainty. Learners will be introduced to concepts like random variables, forecasting, optimization models, simulation, and decision trees to evaluate business decisions with uncertainty.

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Vijay Wadhwa
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33 views2 pages

Course: Operation Analytics Platform: Coursera Purpose: Additional Learning

This document provides an overview of the syllabus for an Operations Analytics course on Coursera. The course covers topics including descriptive and predictive analytics, prescriptive analytics under low uncertainty, predictive analytics and risk, and prescriptive analytics under high uncertainty. Learners will be introduced to concepts like random variables, forecasting, optimization models, simulation, and decision trees to evaluate business decisions with uncertainty.

Uploaded by

Vijay Wadhwa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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COURSE : OPERATION ANALYTICS

PLATFORM: COURSERA
PURPOSE: ADDITIONAL LEARNING

Syllabus:-
 Introduction, Descriptive and Predictive
Analytics
In this module you’ll be introduced to the Newsvendor problem, a fundamental operations
problem of matching supply with demand in uncertain settings. You'll also cover the foundations
of descriptive analytics for operations, learning how to use historical demand data to build
forecasts for future demand. Over the week, you’ll be introduced to underlying analytic concepts,
such as random variables, descriptive statistics, common forecasting tools, and measures for
judging the quality of your forecasts.

 Prescriptive Analytics, Low Uncertainty


In this module, you'll learn how to identify the best decisions in settings with low
uncertainty by building optimization models and applying them to specific business
challenges. During the week, you’ll use algebraic formulations to concisely express
optimization problems, look at how algebraic models should be converted into a
spreadsheet format, and learn how to use spreadsheet Solvers as tools for identifying
the best course of action

 Predictive Analytics, Risk


How can you evaluate and compare decisions when their impact is uncertain? In this module you
will learn how to build and interpret simulation models that can help you to evaluate complex
business decisions in uncertain settings. During the week, you will be introduced to some
common measures of risk and reward, you’ll use simulation to estimate these quantities, and
you’ll learn how to interpret and visualize your simulation results.

 Prescriptive Analytics, High Uncertainty


This module introduces decision trees, a useful tool for evaluating decisions made under
uncertainty. Using a concrete example, you'll learn how optimization, simulation, and decision
trees can be used together to solve more complex business problems with high degrees of
uncertainty. You'll also discover how the Newsvendor problem introduced in Week 1 can be
solved with the simulation and optimization framework introduced in Weeks 2 and 3.

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