Prescriptive Analytics - From data to optimal course of action
Training Provider: NATIONAL UNIVERSITY OF SINGAPORE
Course Reference: TGS-2024046834
S$255
Original: S$850
Save S$595
About This Course
This course will enable participants to:
• Understand how to perform prescriptive analytics with optimisation techniques
• Understand the fundamental key concepts of linear, integer programming and decision analysis
• Understand how to model business problems for decision optimisation, interpret sensitivity analysis and shadow prices
• Acquire basic proficiency in popular data analytics tools such as Excel add-in and/or R
• Apply hands-on techniques to solve optimisation models, linear and integer programming and decision analysis
• Decide which prescriptive analytics approach to use for different situations
What You'll Learn
In this course, participants will explore optimization models and software tools to provide them with a set of key skills in the area of prescriptive analytics. Prescriptive analytics is an extension of what happened (descriptive), and what will happen (predictive) to an optimal course of action to follow. By using optimization models and available tools, participants can determine the near-term outcomes and make the best decisions for their organizations.
As they evaluate business objectives, key metrics such as profitability improvement, cost reductions, and revenue can be optimized with prescriptive
analytics. During this program, they will analyse business cases including scheduling planning, supply chain, transportation and investment portfolios, and learn to model business problems as linear programmes. They will build knowledge of linear programming and use the tools of business analytics to create value in any organisation.
Participants will learn how to carry out prescriptive analytics using open source software such as Excel add-in/Open Solver or R for optimization.
As they evaluate business objectives, key metrics such as profitability improvement, cost reductions, and revenue can be optimized with prescriptive
analytics. During this program, they will analyse business cases including scheduling planning, supply chain, transportation and investment portfolios, and learn to model business problems as linear programmes. They will build knowledge of linear programming and use the tools of business analytics to create value in any organisation.
Participants will learn how to carry out prescriptive analytics using open source software such as Excel add-in/Open Solver or R for optimization.
Entry Requirements
At least a polytechnic diploma (or equivalent)
Course Details
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Note: To apply for this course, visit the SkillsFuture website or contact the training provider directly.
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