Business Analytics and Emerging Trends - studieboek - Algorithms

6 important questions on Business Analytics and Emerging Trends - studieboek - Algorithms

What are the components of a petri net model?

  • Place
  • Transition
  • Token
  • Choice, merge
  • Parallel split, join
  • Transition can only fire when all places have tokens

What is the function of a process discovery algorithm?

It is a function that maps the process model in way which is representative for the behavior in the event log

What are the four quality criteria of an algorithm/model

  • Fitness
  • Precision
  • Generalization
  • Simplicity
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

What is an alpha algorithm?

It is a proof-of-concept, but not useful for large data sets and it does not deal with noise in data

What is the mining of a logistics process in the ASML Case?

  1. Scope and goal of analysis
  2. Data extraction, preparation and transformation
  3. Interpreting results

What are important lessons learned from the ASML case?

  • Start small
  • Don't underestimate time needed to prepare data
  • Analyze with a goal/research question in mind
  • Some variance in process execution is normal
  • Validate results with business experts
  • Be critical

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo