IB9MG-15 Optimal Decision Making
Introductory description
This module aims to provide doctoral students with skills and knowledge to model and formally define decision and optimisation problems and apply a range of methods to solve these problems.
Module aims
Understand how to model and formally describe a decision and optimisation problem
Understand different classes of optimisation problems, and the associated challenges
Develop skills to solve such problems by a variety of Operational Research methods, based on examples in a variety of business applications
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Introduction to programming in Python or Matlab
Design of computer experiments
Linear Optimisation
Integer programming
Global Optimisation
Multi-objective optimisation and decision making
Stochastic modelling of optimisation problems
Simulation
Learning outcomes
By the end of the module, students should be able to:
- An in-depth knowledge of different types of optimisation and decision problems, and their respective challenges
- An in-depth understanding of assumptions underlying various optimisation and modelling approaches
- An in-depth knowledge of analytics tools commonly used in operational research
Indicative reading list
Reading lists can be found in Talis
Subject specific skills
An in-depth knowledge of different types of optimisation and decision problems, and their respective challenges
An in-depth understanding of assumptions underlying various optimisation and modelling approaches
An in-depth knowledge of analytics tools commonly used in operational research
Model and formally define a decision and optimisation problem
Understand the different categories of optimisation problems
Understand the strengths and limitations of different algorithmic approaches
Use a variety of methods to solve specific optimisation problems
Transferable skills
Problem solving abilities.
Modelling skills.
Analytical skills.
Programming skills.
Confidence as user of optimisation software
Study time
| Type | Required |
|---|---|
| Lectures | 10 sessions of 3 hours (20%) |
| Private study | 48 hours (32%) |
| Assessment | 72 hours (48%) |
| Total | 150 hours |
Private study description
Self study and reflective learning.
Costs
No further costs have been identified for this module.
You must pass all assessment components to pass the module.
Assessment group A
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
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| Individual assignment | 100% | 72 hours | Yes (extension) |
Reassessment component is the same |
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Feedback on assessment
Module leader feedback
Post-requisite modules
If you pass this module, you can take:
- IB9PC-15 Special Topics in Operational Research
There is currently no information about the courses for which this module is core or optional.