Optimization Methods in Management Science OpenCourseWare: A Free Undergraduate Management Science Course by MIT

Published Jan 31, 2009

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'Optimization Methods in Management Science' introduces mathematical and computational models to ensure the best decision making by systematically examining alternatives. Massachusetts Institute of Technology's Sloan School of Management offers an OpenCourseWare version of their bachelor's degree-level 'Optimization Methods in Management Science' course free to any interested student of management or efficiency.

Optimization Methods in Management Science: Course Specifics

Degree Level Free Audio Video Downloads
Undergraduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes No

Optimization Methods in Management Science: Course Description

This introductory lecture and collaborative problem solving course in optimization methods presents several models useful for decision-making and introduces students to the myriad applications of optimization, both in business and outside of work. A complete set of annotated PowerPoint presentation slides from MIT professor James Orlin's classroom lectures provides a comprehensive lesson in the subject matter without requiring supplementary textbook readings. Lectures start by defining optimization methods as a way of applying models and algorithms to gain insight, rather than to produce additional data to complicate the decision process. Theories underpinning decision making, including game theory and duality, are presented along with applications for management. Models covered include linear and nonlinear programs, decision trees and dynamic programming. Several ways of creating examining networks of potential solutions are considered. Problem sets from both in-class and homework exercises give students a chance for hands-on work with of the algorithms and methods discussed in the lectures. Tutorials presented in PowerPoint slides reinforce the lessons, and provide remedial help in some of the mathematical concepts that form the basis of the various optimization models.

The free OpenCourseWare includes lecture slides, study problem sets and concept tutorials. To download free course materials for this class visit the optimization research course page.

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