Course Description
OIDD 0001: Prescriptive Analytics: Making Business Decisions using Optimization and Simulation
In this course, we will explore the subject of quantitative business decision-making. Specifically, we will study optimization and simulation tools and provide you with a set of key skills in the area of prescriptive analytics. We will illustrate the use of these tools in a variety of business applications, including manufacturing, logistics, inventory management, capital budgeting, insurance, and revenue management.
The course assumes no specific mathematical background beyond basic algebra and probability concepts. Familiarity with the basic functioning of Excel is helpful, but not required as we will introduce and review the Excel skills as needed. No prior experience with programming or statistics is expected.
Learning Objectives
By the end of this course, you will be able to:
- Utilize simulations to quickly assess outcomes
- Harness data for the purpose of making the best decisions
- Exercise various modeling concepts
About the Wharton Pre-baccalaureate Program
The Wharton Pre-baccalaureate Program is an academically-intensive opportunity for exceptional high school juniors and seniors to enroll in Wharton online courses. Participants will learn from Wharton instructors, earn a Wharton transcript, and accrue college credit for each course completed. With six sessions to choose from and built-in academic support, students are encouraged to explore the depth and breadth of Wharton’s business education curriculum with maximum flexibility and the guidance and resources to succeed.