Decision making using the prescriptive analytics model and workflow (20 marks)

Pick an important decision that you need to make (or have made) either at work or in your personal life. Explain how you are making the optimal decision using the prescriptive analytics concepts:

Optimization

Objective Function

Constraints

Optimal Solution

Use the prescriptive analytics workflow to describe the data events that you need for this decision, how you will categorize and prioritize them, the hypotheses you form, any initial actions you will take, how you will prove or disprove these hypotheses and finally the action that you will prescribe to optimize your outcome.

Make up any data you need and use any analytics models (descriptive/diagnostic/predictive) that will help you in your prescriptive analytics decision