Business Analytics help optimize decisions for the design and management of operations systems and production processes. This course introduces concepts and tools for modelling and optimizing business decisions. Emphasis is on problem formulation, solution development, and managerial insights delivery. Decision on problems in various business scenarios, such as production, marketing, manufacturing, transportation and the like will be extensively discussed. R language will be used as the primary analytical tool.

CILO-1: Identify and differentiate different model components. CILO-2: Perform sensitivity analysis. CILO-3: Apply the optimization techniques in a variety of different situations. CILO-4: Implement model-based decision-making. CILO-5: Interpret model results in the context of the business situation.