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Business Analytics

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

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Business Analytics

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  1. Business Analytics Faculty of Sciences

  2. Why Business Analytics? Business Analytics in practice: The VU medical centre

  3. Situation at VUmc Containers with medical instruments • 1800 different containers • 1 till 20 containers neededfor 1 operation • 32 operatingrooms • 60 departments • 80 storage rooms

  4. Stock in VUmc

  5. Problems at VUmc • Lack of space • Loss of materials • Financial limitations • Miscommunication betweendepartments Consequences: • Longer operations • Extra costs • Too many items in stock • Not enough items in stock

  6. 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?

  7. Role of Information Sciences • Stock registration • Formulate demands on software • Calculate profits/costs

  8. Role of Business • Standardization • Fear of changes • Outsourcing • Arrangements with suppliers • Independency • Expand storage

  9. 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

  10. 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

  11. 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)

  12. 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

  13. 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 !!

  14. 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)

  15. Business Analytics: Premaster Programme (2) • Make appointment with mastercoordinator: René Swarttouw, r.f.swarttouw@vu.nl • Apply before 1 July 2012 • Register before 1 September 2012

  16. 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!

  17. 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!

  18. Thanks for your attention!

  19. 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.

  20. 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.

  21. For questions and up-to-date information: • Student Admissions stand at the Master’s Day information fair • www.vu.nl/collegegeld • studentenbalie@vu.nl

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