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Data and Decision Analytics for Business Operations [electronic resource] : Principles, Problems, and Practice / by Michelle L. F. Cheong, Ma Nang Laik.

By: Contributor(s): Material type: TextPublisher: Cham : Springer Nature Switzerland : Imprint: Springer, 2024Edition: 1st ed. 2024Description: XVIII, 323 p. 186 illus., 59 illus. in color. online resourceContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9783031722554
Subject(s): Additional physical formats: Printed edition:: No title; Printed edition:: No titleLOC classification:
  • Q336
Online resources:
Contents:
1. Introduction -- 2. Demand Forecasting -- 3. Inventory Management -- 4. Distribution Management -- 5. Capacity Planning -- 6. Optimization Theory -- 7. Special Optimization Problems -- 8. Workforce Planning And Scheduling -- 9. Heuristic Algorithms -- 10. Queuing Theory -- 11. Simulation.
In: Springer Nature eBookSummary: In this book, readers will be exposed to the Data and Decision Analytics Framework which helps a business analyst to first identify the root cause of business problems by collecting, preparing, and exploring data to gain business insights, before proposing what objectives and solutions should be developed to solve the problems. To guide the reader through the learning and application of this framework, several cases are included in the book to illustrate the typical operations management problems faced by businesses. These cases are based on experiences in business domains such as retail, healthcare, transportation and logistics operations, and banking, and they are related to demand forecasting, inventory management, distribution management, capacity planning, resource allocation, workforce scheduling, and service system management. For each case, a complete mapping of the case into the Data and Decision Analytics Framework was done to explain how the framework was applied to derive the data insights from data analytics, to define the business objectives, make the necessary assumptions, and then develop the solution to the business problem. This book aims at senior-year undergraduate or graduate students studying industrial engineering, business management with a focus on operations, or data science. They will learn how to use data analytics to first analyze problems to identify the root cause of problems, before developing the solutions supported by decision analytics.
Item type: List(s) this item appears in: Titluri cărți electronice Springer Nature 2025 (10631 titluri)
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1. Introduction -- 2. Demand Forecasting -- 3. Inventory Management -- 4. Distribution Management -- 5. Capacity Planning -- 6. Optimization Theory -- 7. Special Optimization Problems -- 8. Workforce Planning And Scheduling -- 9. Heuristic Algorithms -- 10. Queuing Theory -- 11. Simulation.

In this book, readers will be exposed to the Data and Decision Analytics Framework which helps a business analyst to first identify the root cause of business problems by collecting, preparing, and exploring data to gain business insights, before proposing what objectives and solutions should be developed to solve the problems. To guide the reader through the learning and application of this framework, several cases are included in the book to illustrate the typical operations management problems faced by businesses. These cases are based on experiences in business domains such as retail, healthcare, transportation and logistics operations, and banking, and they are related to demand forecasting, inventory management, distribution management, capacity planning, resource allocation, workforce scheduling, and service system management. For each case, a complete mapping of the case into the Data and Decision Analytics Framework was done to explain how the framework was applied to derive the data insights from data analytics, to define the business objectives, make the necessary assumptions, and then develop the solution to the business problem. This book aims at senior-year undergraduate or graduate students studying industrial engineering, business management with a focus on operations, or data science. They will learn how to use data analytics to first analyze problems to identify the root cause of problems, before developing the solutions supported by decision analytics.

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