This session discusses prescriptive analytics, specifically in the context of data optimization. The speaker provides examples of use cases in the aviation industry, where the decision variables, objective function, and constraints are identified to determine the optimal number of aircraft to purchase. The speaker uses the project as an example, where the available budget is $100 million, and the company wants to purchase aircraft to expand its operations globally. The speaker compares the costs and profits of purchasing either Boeing 737 or ATR aircraft and explains how constraints can affect the decision-making process.
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