From Predictive to Prescriptive Analytics

@article{Bertsimas2020FromPT,
  title={From Predictive to Prescriptive Analytics},
  author={Dimitris Bertsimas and Nathan Kallus},
  journal={Manag. Sci.},
  year={2020},
  volume={66},
  pages={1025-1044}
}
  • Dimitris Bertsimas, Nathan Kallus
  • Published 2020
  • Computer Science, Economics, Mathematics
  • Manag. Sci.
  • In this paper, we combine ideas from machine learning (ML) and operations research and management science (OR/MS) in developing a framework, along with specific methods, for using data to prescribe decisions in OR/MS problems. [...] Key Method We demonstrate that our proposed solution methods are generally applicable to a wide range of decision problems. We prove that they are computationally tractable and asymptotically optimal under mild conditions even when data is not independent and identically distributed…Expand Abstract

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