Applied Optimization

Managers are frequently faced with multiple conflicting scenarios that require effective allocation of resources, optimized processes, reduced costs, better quality products etc. Optimization techniques are predictive techniques that assist managers in taking best decisions under challenging situations. Optimization modelling include mathematical approaches that offer flexibility to managers to generate multiple business scenarios, evaluate potential consequences and generate alternate solutions before finally implementing them. Historically, optimization modelling has had significant contribution in supply chain and logistics network designs, warehouse optimization, workforce scheduling, routing optimization, airline scheduling, project management etc. With the evolving field of data analytics, optimization modelling has become an even more interesting and important area for managers for quick and insightful decision making.

Objectives

The main objective of this programme is to train participants to develop optimization models to formulate managerial problems arising in diverse areas of management. Participants will also be trained to use optimization software such as AMPL (A Mathematical Programming Language)/Gurobi. Since optimization problems can be modelled in multiple ways, the programme is aimed to encourage participants to develop their own models, compare between alternate model choices and be able to identify models that are computationally more efficient.

Contents

The programme will cover the following coverage:

  • Network Revenue Management
  • Workforce Scheduling Problem
  • Supply Chain and Logistics Network Design
  • Freight Allocation Problem with Lane Cost Balancing
  • Transportation Route Planning
  • Project Crashing

For Whom

Participants will include people working in analytics at mid and senior management level.

Venue & Duration

The programme is scheduled during May 14-16, 2024 on a residential basis at MDI Gurgaon Campus, Mehrauli Road, Sukhrali, Gurugram. Accommodation for participants would be available at MDI Gurgaon Campus from the noon of May 13, 2024, to the forenoon of May 17, 2024.

Registration & Fees

Participants should be nominated by their organizations. The enclosed nomination form should be completed and returned with all the details. The fee of the program is Rs. 42,500/- (Rupees Forty Two Thousand Five Hundred only) per participant which includes a professional fee and all charges for boarding, lodging and supply of course materials during the programme. GST as applicable will be charged extra in addition to the programme fee. Payment should be made by Cheque/NEFT/RTGS.

Discount Policy

With a view to our long-term relationship with your esteemed organization, we are pleased to introduce the discount policy in this programme. The discount will be observed in the following conditions: (discount is applicable in NEPAL also)

• 10% Discount against 3-5 nominations

• 20% Discount against more than 5 nominations

Important Dates

The last date for receipt of nominations is May 01, 2024. The last date for withdrawal of nominations is May 02, 2024. Any withdrawal received after this date will be subject to deduction as per the Institute’s rules. However, substitution may be permitted.

For enquiry, please contact at [email protected] or +91-124-4560008.