Decision Optimization

Course Code: OM.3
Dates for this 3-Day course:

27 – 29 March 2017
6 – 8 June 2017
13 – 15 September 2017
4 – 6 December 2017

Subject: Decision Optimization
Course Fee: MYR 3,000





Overview

Learn how to make the best choices in optimizing performance measures (e.g. minimize cost, maximize profit) within boundary conditions (e.g. resources constraints) using advanced analytical methods and mathematical software called solvers.

Who Should Attend?

  • Managers and executives who are involved in what-if analyses and recommendations / decision making of investment, pricing and revenue management, portfolio management, risk analysis, strategic planning, facility site location, production planning and scheduling, resource allocation, assets optimization, cost reduction, etc.

Learning Objectives

  • Where Operations Research fits in the analytics big picture and how it helps decision making
  • Linear Programming (LP) concepts and modeling techniques
  • Algebraic expressions and spreadsheet modeling techniques with Excel Solver
  • Formulate decision-making problems as LP models and solve with solvers

Course Content

Day 1
  • Introduction to Analytics & Operations Research
  • Algebraic Expressions and Spreadsheet Modeling
  • LP and Solvers
  • Manpower Planning, Blending Problems
  • Multi-period Inventory Modeling
Day 2
  • Multi-period Production Smoothin
  • Transportation, Assignment, Transshipment
  • Network Flow Models
  • Investment Problems
  • Goal Programming
Day 3
  • Integer Programming (0-1 and either-or)
  • Traveling Salesman Problem
  • Building scalable models with database interface
  • Review and solve problems brought by participants

 

Contact Form

 

+60 3 7931 6143