Data, Models, and Decisions PDF Download

Author: Dimitris Bertsimas
Publisher: Ingram
ISBN: 9780975914601
Category : Business & Economics
Languages : en
Pages : 530

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Book Description
Combines topics from two traditionally distinct quantitative subjects, probability/statistics and management science/optimization, in a unified treatment of quantitative methods and models for management. Stresses those fundamental concepts that are most important for the practical analysis of management decisions: modeling and evaluating uncertainty explicitly, understanding the dynamic nature of decision-making, using historical data and limited information effectively, simulating complex systems, and allocating scarce resources optimally.

Author: Subhashish Samaddar
Publisher:
ISBN: 9780999766965
Category :
Languages : en
Pages :

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Book Description
This book is intended for the students and teachers of evidence based decision making, especially when the evidences are obtained from numerical facts. It specifically covers business modeling, decision analytics, and forecasting. All planning and decision making start with some estimation of what the future holds for a business and thus, we need to forecast the future. Generally, there can be more than one forecast for most real situations based on the model one uses to forecast them. Business modeling can help us with calculating what those multiple forecasts of the future mean for the things that the business is interested in, such as profit, costs, pay off, returns etc. These are also called outcomes. Once we get the forecasts depicting the future, we can devise and assess multiple actions, and choose one of them that get the best outcome for the business. Decision analytics help us with this assessment. This book is best used for problem based learning and instruction. Problem based learning introduces the problem first for the students to work on, along with the instructor. Students learn by doing. They can practice multiple problems for practice until the underlying principles and lessons are understood and absorbed. Then the formal theories and principles are presented to make sense of what the students have already done and learned. This can also be called reversed learning because it reverses the process of the traditional learning method of theory first and problem solving later. The first of the book provides the problem and the second half of the book provides brief theories and principles, and solutions of the problems.

Author: Stuart A. Klugman
Publisher: John Wiley & Sons
ISBN: 0470391332
Category : Business & Economics
Languages : en
Pages : 758

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Book Description
An update of one of the most trusted books on constructing and analyzing actuarial models Written by three renowned authorities in the actuarial field, Loss Models, Third Edition upholds the reputation for excellence that has made this book required reading for the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) qualification examinations. This update serves as a complete presentation of statistical methods for measuring risk and building models to measure loss in real-world events. This book maintains an approach to modeling and forecasting that utilizes tools related to risk theory, loss distributions, and survival models. Random variables, basic distributional quantities, the recursive method, and techniques for classifying and creating distributions are also discussed. Both parametric and non-parametric estimation methods are thoroughly covered along with advice for choosing an appropriate model. Features of the Third Edition include: Extended discussion of risk management and risk measures, including Tail-Value-at-Risk (TVaR) New sections on extreme value distributions and their estimation Inclusion of homogeneous, nonhomogeneous, and mixed Poisson processes Expanded coverage of copula models and their estimation Additional treatment of methods for constructing confidence regions when there is more than one parameter The book continues to distinguish itself by providing over 400 exercises that have appeared on previous SOA and CAS examinations. Intriguing examples from the fields of insurance and business are discussed throughout, and all data sets are available on the book's FTP site, along with programs that assist with conducting loss model analysis. Loss Models, Third Edition is an essential resource for students and aspiring actuaries who are preparing to take the SOA and CAS preliminary examinations. It is also a must-have reference for professional actuaries, graduate students in the actuarial field, and anyone who works with loss and risk models in their everyday work. To explore our additional offerings in actuarial exam preparation visit www.wiley.com/go/actuarialexamprep.

Author: Theodore J. Kowalski
Publisher: Pearson
ISBN: 9780205496686
Category : Education
Languages : en
Pages : 0

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Book Description
This book integrates theory and practice in decision-making, with a specific focus on data-driven decision making. Applications are demonstrated in the contexts of administration, supervision, and teaching. The book provides a unique contribution to the literature in this field in that the studies of decision theory and data-based decision making are integrated. Focusing on educators assuming leadership roles in school improvement, the book's content is equally relevant for administrators, supervisors, and teachers. The book, however, is centered on data-driven decision making, both as a requirement of the No Child Left Behind Act and as a normative professional standard. Issues related to accumulating, storing, and protecting data in districts and schools also are covered. Applications in administration, supervision, and teaching are demonstrated.

Author: Nate Moore
Publisher: Medical Group Management Association/Center for Research in Ambulatory Health Care Administration
ISBN: 9781568294322
Category : Medical
Languages : en
Pages : 154

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Book Description
Data flows into medical practices daily from practice management systems, electronic medical record (EMR) systems, accounting systems and many other sources. Too many practices extract only the bare minimum of data to file claims and meet reporting obligations, without recognizing the value in the flood of data that passes through the practice.

Author: Luiz Paulo Fávero
Publisher: Academic Press
ISBN: 0128112174
Category : Business & Economics
Languages : en
Pages : 1240

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Book Description
Data Science for Business and Decision Making covers both statistics and operations research while most competing textbooks focus on one or the other. As a result, the book more clearly defines the principles of business analytics for those who want to apply quantitative methods in their work. Its emphasis reflects the importance of regression, optimization and simulation for practitioners of business analytics. Each chapter uses a didactic format that is followed by exercises and answers. Freely-accessible datasets enable students and professionals to work with Excel, Stata Statistical Software®, and IBM SPSS Statistics Software®. Combines statistics and operations research modeling to teach the principles of business analytics Written for students who want to apply statistics, optimization and multivariate modeling to gain competitive advantages in business Shows how powerful software packages, such as SPSS and Stata, can create graphical and numerical outputs

Author: National Research Council (U.S.). Committee for the Study of Strategic Transportation Data Needs
Publisher: Transportation Research Board
ISBN: 9780309051569
Category : Political Science
Languages : en
Pages : 180

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Book Description
TRB Special Report 234 - Data for Decisions: Requirements for National Transportation Policy Making examines data requirements necessary to support strategic transportation policy making and the institutional changes necessary to make those data available on a permanent basis. The report calls for the establishment of a statistical agency within USDOT (this recommendation became helped create the Bureau of Transportation Statistics), the development of performance indicators, and regular reporting to the Secretary and Congress on important trends in system performance.

Author: Rajkumar Venkatesan
Publisher: University of Virginia Press
ISBN: 081394516X
Category : Business & Economics
Languages : en
Pages : 278

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Book Description
The authors of the pioneering Cutting-Edge Marketing Analytics return to the vital conversation of leveraging big data with Marketing Analytics: Essential Tools for Data-Driven Decisions, which updates and expands on the earlier book as we enter the 2020s. As they illustrate, big data analytics is the engine that drives marketing, providing a forward-looking, predictive perspective for marketing decision-making. The book presents actual cases and data, giving readers invaluable real-world instruction. The cases show how to identify relevant data, choose the best analytics technique, and investigate the link between marketing plans and customer behavior. These actual scenarios shed light on the most pressing marketing questions, such as setting the optimal price for one’s product or designing effective digital marketing campaigns. Big data is currently the most powerful resource to the marketing professional, and this book illustrates how to fully harness that power to effectively maximize marketing efforts.

Author: Brian C. Wesolowski
Publisher: Routledge
ISBN: 1000534766
Category : Music
Languages : en
Pages : 662

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Book Description
From Data to Decisions in Music Education Research provides a structured and hands-on approach to working with empirical data in the context of music education research. Using step-by-step tutorials with in-depth examples of music education data, this book draws upon concepts in data science and statistics to provide a comprehensive framework for working with a variety of data and solving data-driven problems. All of the skills presented here use the R programming language, a free, open-source statistical computing and graphics environment. Using R enables readers to refine their computational thinking abilities and data literacy skills while facilitating reproducibility, replication, and transparency of data analysis in the field. The book offers: A clear and comprehensive framework for thinking about data analysis processes in a music education context. An overview of common data structures and data types used in statistical programming and data analytics. Techniques for cleaning, preprocessing, manipulating, aggregating, and mining data in ways that facilitate organization and interpretation. Methods for summarizing and visualizing data to help identify structures, patterns, and trends within data sets. Detailed applications of descriptive, diagnostic, and predictive analytics processes. Step-by-step code for all concepts and analyses. Direct access to all data sets and R script files through the accompanying eResource. From Data to Decisions in Music Education Research offers a reference "cookbook" of code and programming recipes written with the graduate music education student in mind and breaks down data analysis processes and skills in an approachable fashion. It can be used across a wide range of graduate music education courses that rely on the application of empirical data analyses and will be useful to all music education scholars and professionals seeking to enhance their use of quantitative data.

Author: Jerzy Surma
Publisher: Business Expert Press
ISBN: 9781606491867
Category : Business & Economics
Languages : en
Pages : 150

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Book Description
This book is about using business intelligence as a management information system for supporting managerial decision making. It concentrates primarily on practical business issues and demonstrates how to apply data warehousing and data analytics to support business decision making. This book progresses through a logical sequence, starting with data model infrastructure, then data preparation, followed by data analysis, integration, knowledge discovery, and finally the actual use of discovered knowledge. All examples are based on the most recent achievements in business intelligence. Finally this book outlines an overview of a methodology that takes into account the complexity of developing applications in an integrated business intelligence environment. This book is written for managers, business consultants, and undergraduate and postgraduates students in business administration.