Location:

Amsterdam, Netherlands

Program Type:

Study Abroad

Degree Level:

Graduate

Term:

Summer

Program Overview

Program Description:

Nowadays, everyone is talking about the tremendous opportunities offered by “big data” and all kinds of analytics. To really make the difference, though, you need to be able to turn data and analytical insights into better managerial decisions. And that requires rigorous quantitative tools. This course delivers those tools, introducing you to the most successful models and algorithms from operations research (OR), including (integer) linear optimization, network optimization, stochastic optimization and heuristics. Not only do you learn some of the beautiful but basic mathematics behind them, but during computer practicals you gain hands-on experience with up-to-date software applied to practical cases in such domains as logistics and revenue management. The course will enable you to recognize and exploit opportunities for mathematically supported decision making and prepare you for an MSc in Operations Research.

 

Specific topics include:

• The world of optimization theory, considering both deterministic and stochastic problems (that is, with and without data uncertainty).

• Modelling deterministic optimization problems as (integer) linear programs or convex programs.

• The use of optimization software, such as Matlab, Python, and Gurobi.

• Algorithms for basic network optimization problems, such as finding an optimalflow, matching or tour in a network.

• Integer programming and combinatorial optimization theory.

• Stochastic processes modelling the uncertainty in operational systems (Markov chains, Poisson processes, Brownian motion).

• Queueing models and queueing networks.

• Stochastic dynamic programming techniques to determine optimal designs in operational problems.

• Stochastic computer simulation techniques, enabling you to model and analyse realistic problems in operational systems.

Setting Description:

With over 180 unique nationalities, Amsterdam is a melting pot of cultures and embraces different cultures, religions, and lifestyles. 165 canals criss-cross the entire city, giving it its nickname ‘Venice of the North.’ The city also features more bikes than inhabitants! With a bustling creative industry, Amsterdam offers plenty of cultural activities and events throughout the year. In Amsterdam you can benefit from the advantages of a big city with enough quiet spots to kick back and relax.

Cost:

1000 EUR. The tuition fee includes: • Airport pick-up service • Welcome goodie bag • Orientation programme • Course excursions • On-site support • Emergency assistance • Transcript of records after completion of the course

Additional Program Information

Scholarships:

Yes

Scholarships Description:

The VU Amsterdam Summer School offers ten scholarships that cover the full tuition and housing fees of one course. Information about how to apply for the scholarship will be posted on the VU Amsterdam Summer School website.