About this course: This course is designed to impact the way you think about transforming data into better decisions. Recent extraordinary improvements in data-collecting technologies have changed the way firms make informed and effective business decisions. The course on operations analytics, taught by three of Wharton’s leading experts, focuses on how the data can be used to profitably match supply with demand in various business settings. In this course, you will learn how to model future demand uncertainties, how to predict the outcomes of competing policy choices and how to choose the best course of action in the face of risk. The course will introduce frameworks and ideas that provide insights into a spectrum of real-world business challenges, will teach you methods and software available for tackling these challenges quantitatively as well as the issues involved in gathering the relevant data. This course is appropriate for beginners and business professionals with no prior analytics experience.

Created by: University of Pennsylvania

Taught by: Senthil Veeraraghavan, Associate Professor of Operations, Information and Decisions
The Wharton School
Taught by: Sergei Savin, Associate Professor of Operations, Information and Decisions
The Wharton School
Taught by: Noah Gans, Anheuser-Busch Professor of Management Science, Professor of Operations, Information and Decisions
The Wharton School

Basic Info	Course 2 of 5 in the Business Analytics Specialization.
Commitment	4 weeks of study, 2-3 hours/week
Language	English, Subtitles: Chinese (Simplified)
How To Pass	Pass all graded assignments to complete the course.

Syllabus

WEEK 1

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 dema...

5 videos, 1 reading

Graded: Newsvendor and Forecasting Quiz

WEEK 2

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 optimiza...

6 videos, 1 reading

Graded: Decisions with Low Uncertainty Quiz

WEEK 3

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 i...

4 videos, 1 reading

Graded: Risk and Evaluation Quiz

WEEK 4

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...

6 videos, 1 reading

Graded: Decision Tree Analysis Quiz

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University of Pennsylvania

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.

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Operations Analytics

Operations Analytics

Operations Analytics