Learn operations research, modeling, and solving models with Excel, with applications in industrial engineering
Operations research is the use of advanced mathematics to tackle tough business problems and it is widely used in areas such as logistics, engineering, finance, and healthcare. Its methods have saved easily millions of dollars by allowing companies and other organizations to make better decisions that save resources.
What you’ll learn
- Modeling real-world problems with linear and integer programs.
- Solving linear and integer programs with Excel.
- The assignment problem.
- The lot-sizing problem.
Course Content
- Introduction –> 8 lectures • 46min.
- Modelling problems with (integer) linear programs –> 5 lectures • 24min.
- The assignment problem –> 4 lectures • 33min.
- The lot-sizing problem –> 4 lectures • 26min.
- Summary –> 2 lectures • 3min.
Requirements
Operations research is the use of advanced mathematics to tackle tough business problems and it is widely used in areas such as logistics, engineering, finance, and healthcare. Its methods have saved easily millions of dollars by allowing companies and other organizations to make better decisions that save resources.
In this course, you will learn how you can use this great technology!
This course covers the following topics:
- mathematical modeling
- optimization
- linear programming
- integer linear programming
You will learn how to take a real-world problem and formulate it as a linear program or an integer program. We will see this with concrete examples like the versatile assignment problem, the lot-sizing problem, and even your next dinner party! Then you will learn how you can solve these models easily with a program that you had been using all the time: Excel!
You need to know only some basic mathematical concepts like variables and inequalities. I will explain you the rest.
This course is great for
- Professionals who want to improve their skillset to compete better in today’s job market
- Executives in the industry who want to optimize processes in their companies
- Industrial or manufacturing engineering graduates & undergraduates
- University students taking a course in Operations Research
- Computer scientists who want to learn a new and extremely useful skill