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Decision Modelling For Business Analytics MIS775
Decision Modelling for Business Analytics MIS775 subject is taught to students who are pursuing with Master’s degree at Deakin Business School in Australia. This subject is designed to provide students with an opportunity to upgrade their knowledge and understanding to build complex decision models and use advanced quantitative as well as network modeling techniques to develop effective solutions to business problems.
The subject Decision Modelling for Business Analytics MIS775 includes a wide range of concepts such as – sensitivity analysis, linear programming applications, non-linear programming models, integer linear programming models, network modeling, decision analysis, building stochastic decision models, simulation modeling, quantitative risk analysis, and many more.
There is no denial that Decision Modelling for Business Analytics is a complex subject including a variety of technical terms that requires a huge amount of time and dedication from students to study for their online exam. However, not all students can devote long hours and as a result, seeks online exam help services.
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Nonlinear programming is a mathematical technique used for finding optimal solutions to optimize problems with nonlinear functions as the objective function or as some of the constraints.
The main types of Non-linear programming models are-
Linear programming is a special case of mathematical programming. Linear programming is the challenge of maximizing or minimizing a linear function under linear constraints. Different types of Linear programming models are-
Integer linear programming expresses the optimization of a linear function to a set of linear constraints over integer variables.
3 types of Integer Linear Programming Models are-
A network model is a database model which is designed to represent objects and their relationships. A unique feature of the network model is its schema, which is viewed as a graph where relationship types are arcs and object types are nodes.
A network model is comprised of nodes (locations, either origins or destinations) connected by arcs (arrows representing shipping routes between locations), and amounts (unit shipping costs) associated with the arcs and/or nodes.
Types of Networking models are-
Decision analysis is a method for making strategic business decisions that is systematic, quantitative, and visual. Decision analysis involves components of psychology, management practices, and economics, as well as a number of instruments.
Deterministic Decision Models
Stochastic Decision Models