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Learn to create applications and processes which improve business operations and assess risk and opportunities in dynamic business environments. As part of the Rutgers Stackable Business Innovation Program (rSBI), the Business Analytics for Operations Concentration is stackable with the following master's programs: Master of Information Technology and Analytics, MBA.
This concentration enables students to take advantage of detailed technical knowledge about decision-making in business environments brimming with uncertainty and risk-related concerns. It balances between foundational theories concerning optimization and stochastics, as well as programming-language know-how. Both operational and financial aspects of running real businesses will be covered. Special attention will be paid to the data extraction, forecasting, and pricing/revenue decision areas of the retail and airline industries.
You can take the course listed below as individual classes or as stackable courses towards the completion of a concentration.
This course teaches the principles of programming for business analytics using the Python and R programming languages. Programming is the fundamental skill based on which all Information Systems are built. The course provides students with a working knowledge of programming and fundamental insights into what a programmer does.
This course teaches the foundations of optimization relevant to data science. Concepts and tools to be covered will include convexity, the Karush-Kuhn-Tucker optimality conditions, and duality. Various algorithms in the context of machine learning will be discussed as well. These include gradient- and descent-based methods. Also touched on will be topics such as online and stochastic gradient methods.
This course provides students with a basic understanding of the modern theory and practice of dynamic pricing and revenue management. It covers topics such as market-response models, economics of revenue management, estimation and forecasting, single-resource capacity control, network capacity control, overbooking, dynamic pricing of reversible and irreversible varieties, auction, competitive pricing, joint inventory-price control, and control with ambiguity.
The concentration and courses are offered by the Management Science & Information Systems Department
Sample Relevant Careers: Operations and Inventory Analytics Manager, Business Analytics and Operations Manager, Data Scientist, Demand Forecasting Analyst, Data Analyst, Business Analyst, Business Intelligence Specialist, Quantitative Researcher