M7 Flashcards
1
Q
A major component of operations research / industrial engineering / management science
A
Optimization
2
Q
Analytical Categories and Optimization
A
- Prescriptive
- Predictive
- Descriptive
3
Q
Business Uses of Optimization
A
- Production Planning
- Facility Location
- Portfolio Selection
- Personnel Assignment
- Supply Chain Planning
- Promotional Marketing
- Supplier Selection and Evaluation
- Inventory Replenishment
- Pricing Decisions
4
Q
More Areas of Prescriptive Analytics
A
- Response Surface Optimization
- Marketing Campaign Optimization
- Incremental Response Modeling
- Credit Risk Minimization
- Forecast Optimization
