Advanced Models for Decision Making

Advanced Models for Decision Making It's a Free Course. Enroll it before the instructor makes it to the paid course.

Throughout this course we will work on applied problems in different industries, such as:

  • Finance Decisions: How should an investment manager create an optimal portfolio that maximizes net returns while not taking too much risks across various investments?
  • Production Decisions: Given projected demand, supply of raw materials, and transportation costs, what would be the optimal volume of products to manufacture at different plant locations?
  • HR Decisions: How many workers need to be hired or terminated over a planning horizon to minimize cost while meeting operational needs of a company?
  • Manufacturing: What would be the profit maximizing product mix that should be produced, given the raw material availability and customer demand?

By the end of the course, you will be able to learn and Understand:

  • Learn to formulate problems in investment portfolio optimization and multi-period cash flow management.
  • Understanding the Impact of Parameter Changes
  • Use of linear optimization in supply chain decisions
  • Formulating a Transportation Problem
  • Formulating an Inventory Planning
  • Entering the Inventory Planning in Excel
  • Formulating a Staffing Decision Problem
  • Solving the Inventory Planning Problem
  • Formulating the Office Assignment Decision Problem
  • Entering the Office Assignment Problem in Excel
  • Formulating a Product Mix Optimization Problem
  • Formulating a Blending Optimization Problem

Course Instructors Soumya Sen & Offered by University of Minnesota from Coursera

Course Duration: Approx. 14 hours

Can I download Advanced Models for Decision Making course?

You can download videos for offline viewing in the Android/iOS app. When course instructors enable the downloading feature for lectures of the course, then it can be downloaded for offline viewing on a desktop.
Can I get a certificate after completing the course?
Yes, upon successful completion of the course, learners will get the course e-Certification from the course provider. The Advanced Models for Decision Making course certification is a proof that you completed and passed the course. You can download it, attach it to your resume, share it through social media.
Are there any other coupons available for this course?
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