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Business Analytics andOperations Research Information MSc BAOR
Smarter decisions with math and data
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Examples of applications …
“Improving society by math and data”
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Goals
• Knowledge of theory and methods to solve complex business problems:
• methods for analysing big data, and/or making predictions (predictive analytics)
• optimization methods (prescriptive analytics)
• The “hard” skills needed in practice:
• translating the problem into a mathematical model • choosing the right method to solve• being able to use or develop relevant computer software
• The “soft” skills that are crucial for the successful implementation of business projects
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BAOR program
Master program (1 year)
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ECTS
Core courses (cluster A) 30
Elective 1 + 2 (cluster B) 12
Master Thesis 18
total 60
Schedule
• Two entry moments: September and February
• Entry in September:• Fall semester: 5 courses• Spring semester: 2 courses + Master thesis
• Entry in February:• Spring semester: 5 courses• Fall semester: 2 courses + Master thesis
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Cluster A courses (30 ECTS)
• Data Science Methods
• Simulation
• Optimization
• Supply Chain Analytics
• Decision Making with Business Analytics
• Professional Business Analytics Skills
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BAOR program
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Data Science Methods
Goals:
• Acquire knowledge of theory, methods and techniques, to analyze big data sets.
• Acquire the skills necessary to implement these in practical cases (incl. software). Contents:
• Supervised vs. unsupervised learning• Loading + cleaning data • Visualizing data + dimension reduction • Classification (discriminant analysis, nearest neighbor, logistic regression• Resampling methods (cross-validation, bootstrap) • Model selection (forward selection, lasso, shrinkage, principal components)• Tree-based classification (regression trees, bagging, boosting) • Support Vector Machines (support vector classifiers) • Applications
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Professional Business Analytics Skills
Goals:
• Acquire those softer skills that are essential for an analytics professional
Contents:
• How to ‘sell’ business analytics?• Project & team setup• Data preparation, cleansing & visualization• Modeling the essence• Validation• Change management• Presenting for high impact• …• Business analytics is a process; not a single analysis
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Decision Making with Business Analytics
• To get a holistic view on Business Analytics (BA).
• To get insight in why and how BA plays such an important role nowadays.
• To get an overview of advanced BA models and methods.
• To learn advanced BA models/methods that are not covered in the other BAOR courses.
• To be able to decide which model / method to use when.
• To learn state-of-the art BAOR software.
• To get insight for which application areas BA can be used.
Cluster B courses (12 ECTS)
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• The remaining core course
• Finance Analytics : • Asset Liability Management
• Marketing Analytics:• Customer Analytics • Market assessment
• Econometrics and Mathematical Economics:
• Core courses of the MSc EME
• Business Analytics:• Business Analytics & Emerging
Trends
• LNMB courses (only MSc and not PhD level):
• Scheduling• Advanced Linear Programming• Queueing Theory• Discrete Optimization
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BAOR program
BAOR Mastermind
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• 4-6 sessions per year
• Contents:• presentations by companies• tips/tricks on successful BAOR in practice• important developments in the BAOR field, e.g.
• business analytics• Big Data / Data Science
• possibility to get advice…
• On a voluntary basis!
• Interested 3rd-years BSc students are also welcome!
Examples of Master Thesis topics
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“Improving society by math and data”
Optimal cancer treatment
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Frank Steenbergen
ObjectiveFind optimal radiation plan such that
- tumor is targeted - healthy organs are spared
TechniquesNonlinear and robust optimization
Optimal food supply for hungry people
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Koen PetersRiley Badenbroek
ObjectiveFind optimal food supply plan such that
- daily meals satisfy nutritional requirements - total logistics costs are minimized
TechniquesMixed integer linear optimization, conic optimization, robust
Optimal flood protection
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Chris Pustjens
ObjectiveFind optimal set of flood protection measures such that
- safety norms are satisfied- total costs are minimized
TechniquesInteger optimization, shortest path, predictive analytics
Optimal shift planning of Air Traffic Controllers
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Dori van Hulst
ObjectiveFind optimal shift planning such that - all types of restrictions are satisfied
- total costs of under- and overcapacity are minimized
TechniquesMixed integer optimization, robust optimization
Optimal manpower planning
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Eline Slijkhuis
ObjectiveFind optimal manpower planning such that
- all types of restrictions are satisfied- total contract costs are minimized
TechniquesMixed integer optimization, predictive analytics
Big data for network optimization
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Ioannis Zempekakis
ObjectiveHow to use Big Data in facility location optimization?
TechniquesPredictive analytics, Big Data techniques
Mixed Integer Optimization
Optimal refinery planning
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Harmen Boersma
ObjectiveFind production plan such that
- all types of restrictions are satisfied- profit is maximized
TechniquesNonconvex optimization
Optimal energy planning in Smart Grids
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Robin Swinkels
ObjectiveFind optimal production/storage plan such that
- demand of heat/gas can be satisfied- total costs are minimized
TechniquesLinear optimization, robust optimization, predictive analytics
Job opportunities
A lot of opportunities:
• Consultant at a BA/OR center or department of a large firm
• Management consulting
• Management support (manufacturing, service)
• Application providers (SAP, Quintiq, etc.)• Application builders• Solution builders• Implementers
• Research institutes (TNO, Deltares, …)
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Job opportunities in academia
• PDEng program “Data Science”• 2 years, with salary
• Joint program with TU/e
• In monastery “Marienburg”, Den Bosch
• Getting a PhD
• 2nd year of Research Master program
• 3 years PhD25
Many career opportunities
BA/OR consultants
BA/OR departments
BA/OR software
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Job descriptions
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Some job descriptions of recent graduates:
Supply Chain Consultant OM PartnersImplementation Consultant ORTECLife Cycle Management Analyst Philips HealthcareOptimization Algorithm Expert QuintiqQuantitative AnalystRabobank NederlandQuantitative Researcher RobecoConsultantQuintiqSupply Chain Consultant ORTECRisk Manager CardanoSupply Chain Specialist BavariaConsultantFabory GroupData ScientistGreenhouseOR Specialist Dutch Railways
Why studying BAOR in Tilburg …
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Hardware & Services
Software
• Modern program including Data Science methods
• Part of big JADS initiative you can benefit from
• Quality of teachers:• World class researchers in BAOR / Strong connection to practice
• Extensive company network you can benefit from
• Wide variety of applications and job opportunities
• Improving society by math and data
• Many, many job opportunities...!
JADS: Jheronimus Academy of Data Science
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Transition ORMS ORMS: BAOR
• MSc diploma: Operations Research and Management Science
• Transcript:
“Specialization Business Analytics and Operations Research”
Register in Studielink for:
Operations Research / Management Science
“Specialization Business Analytics and Operations Research”
Program Coordinator
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• Program information
• Planning• Electives• Study skills• Special
circumstances• Study results• Extracurricular
activities
Anna Slump
You can meet the program coordinator at the information market in the Cobbenhagen building (building C) from 19.00 – 21.15 hrs.
Study Advisor
