Business Analytics

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Business Analytics Faculty of Sciences

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Business Analytics. Faculty of Sciences. Why Business Analytics?. Business Analytics in practice: The VU medical centre. Situation at VUmc. Containers with medical instruments 1800 different containers 1 till 20 containers needed for 1 operation 32 operati ng rooms 60 departments - PowerPoint PPT Presentation

Transcript of Business Analytics

Page 1: Business Analytics

Business Analytics

Faculty of Sciences

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Why Business Analytics?

Business Analytics in practice: The VU medical centre

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Situation at VUmc

Containers with medical instruments• 1800 different containers• 1 till 20 containers needed

for 1 operation

• 32 operating rooms• 60 departments• 80 storage rooms

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Stock in VUmc

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Problems at VUmc

• Lack of space• Loss of materials• Financial limitations• Miscommunication between

departments

Consequences:• Longer operations• Extra costs• Too many items in stock• Not enough items in stock

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Role of Mathematics

• How many storage rooms?• Minimalize walking distances• Analyse demand for products• Calculate stock levels• Determine order strategy• How to cope with variability?

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Role of Information Sciences

• Stock registration• Formulate demands on software• Calculate profits/costs

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Role of Business

• Standardization• Fear of changes• Outsourcing• Arrangements with suppliers• Independency• Expand storage

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The ideal mix: Business Analytics

• Focused on improving business processes with the use of: – Mathematics– Information Sciences– Business

• Practical solutions via:– better information– smarter decision rules– better risk management

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Business Analytics: Master Programme (1)

• 2-years (120 EC), in English

• Specializations– Optimization of business processes– Computational intelligence– Risk management for financial markets

• Internship– Six months (36 EC)– Contacts with more than 200 business companies

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Business Analytics: Master Programme (2)

• Compulsory courses (33 EC):– Applied Stochastic Modeling– Applied Analysis: Financial Mathematics– Data Mining Techniques– Project Optimization of Business Processes– Scientific Writing in English– Statistical Modeling

• BA research paper (6 EC)

• BA Internship (36 EC)

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Admission requirements: Master BA

• Bachelor of Science

• At least 90 EC Mathematics and/or Computer Science and/or Econometrics courses

• At least 45 EC Mathematics courses,including Probability Theory and Statistics

• English language skills

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Admission requirements: Premaster BA

• HBO-Bachelor degree Bedrijfswiskunde

• Other HBO-bachelor degree with sufficient mathematics/econometrics courses

• Bachelor diploma has to be obtained before 1 september 2012 !!

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Business Analytics: Premaster Programme (1)

• 1 year, 30 EC compulsory program• Algemene Statistiek• Discrete Optimalisatie• Heuristieken• Inleiding Programmeren • Statistische Data Analyse• Stochastische Processen

• Tuition fee: €1,771 (not refundable)

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Business Analytics: Premaster Programme (2)

• Make appointment with mastercoordinator: René Swarttouw, [email protected]

• Apply before 1 July 2012

• Register before 1 September 2012

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Business Analytics: The Dual Variant

• Combination of study and work– As regular employee with matching salary– parttime work, parttime study– Total duration of study: 2½ year

• Possible only after the premaster year

• Job application! Companies select!

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Business Analytics: Parttime

• NO separate programme for parttime students

• Lectures and practical work during the day and spread over the week

• Individual programme, dependent on availability

• Recommended availabiliy: two days!

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Thanks for your attention!

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Pre-Master's programme: Tuition fees and duration of studies

• In the 2012-2013 academic year, the contract rate for the Pre-Master’s programme is equal to the statutory rate of € 1,771. Tuition for non-EEA nationals is €9,000 or €11,000, depending on the Pre-Master’s programme in question.

• The contract rate is a fixed rate which is not refundable upon termination of enrolment, even though the programmes are generally worth 30 credits. Pre-Master’s students cannot receive exemption from paying tuition based on having paid tuition fees to the university or to another institute of higher education for a regular Bachelor’s or Master’s programme.

• The nominal duration of study for students coming from higher professional education (HBO) is four years, with one additional year at the statutory rate. The Pre-Master’s year is exempted for this purpose.

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Master's programme: Tuition fees and duration of studies

• The statutory tuition fee is €1,771.

• The nominal duration of study is 1 year for 60 credits, 2 years for 120 credits, and 3 years for 180 credits. Students may study for one additional year at the statutory rate. After this additional year, they must pay the higher statutory rate of €4,834.Students wishing to take a second Master’s must pay the institutional rate (€10,500 per year at the faculties of Arts, Theology and Philosophy and €12,000 at other faculties).

• The statutory rate applies to students taking a second Master’s in healthcare or education whose first Master’s is not in one of these fields.

• The institutional rate does NOT apply to students taking two Master’s simultaneously as long as both degrees will be completed before 1 September 2013.

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For questions and up-to-date information:

• Student Admissions stand at the Master’s Day information fair

• www.vu.nl/collegegeld

[email protected]