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Prof. Alok Singh attended QIP Short Term Program at IIT, Kharagpur.

  • Jul
    Prof. Alok Singh attended QIP Short Term Program at IIT, Kharagpur.
    July 08, 2016

    Full Desscription

    Prof. Alok Singh attended QIP Short Term Program on Quantitative Decision Modeling at Indian Institute of Technology (IIT), Kharagpur from 04th to 08th July, 2016.

    This was an excellent Program designed and coordinated by Dr. J. K. Jha, Assistant professor, Department of Industrial and Systems Engineering, Indian Institute of Technology, Kharagpur and Dr. Jitesh J. Thakkar, Associate Professor, Department of Industrial and Systems Engineering, Indian Institute of Technology, Kharagpur. In today’s business environment, organizations and managers are looking for structured, logical and evidence-based decision making due to unparalleled growth of businesses. Consequently, industrial and academic research facilities need to apply rigorous analytical methods to business decision problems for systematic ways of managing the organization.

    The purpose of the five-day short-term course on Quantitative Decision Modeling was to equip participants with the advanced analytical tools and background needed to analyze and solve business decision problems. 

    These are the some of the major learning outcomes:

    ·         Introduction to Quantitative Approach of Decision Making
    ·         Modeling with Linear Programming and Graphical Solution Approach
    ·         Simplex Method and Special Cases
    ·         Revised Simplex Method
    ·         Theory of Duality, Sensitivity Analysis and Post Optimality
    ·         Transportation Problem and Its Variants, Integer Programming
    ·         Assignment Problem
    ·         Integer Programming
    ·         Queuing Theory
    ·         Heuristic Methods in Operations Research
    ·          Hands on exercise using CIPLEX /EXCEL