This session will provide an introduction to applications of machine learning to optimization. Optimization (often called prescriptive analytics) is a branch of data science that recommends the best actions for maximizing a desirable outcome (or minimizing an undesirable outcome). Modern applications often involve a combination of machine learning and mathematical programming. Attendees will get an introduction to modern applications of prescriptive analytics, illustrated through a variety of real world use cases. These use cases include optimizing treatments to maximize health outcomes, optimizing pricing to maximize profits, and optimizing maintenance operations to minimize cost. A review of these real world applications will enable attendees to explore how prescriptive analytics might contribute value to their own organizations.
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Topic
optimization
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2020-Q1
2026-Q1
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Using ML to optimize business outcomes
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