Decision Optimization May 2017 public seminar
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Transcript of Decision Optimization May 2017 public seminar
Date : 15 – 17 May 2017 (Mon, Tue, Wed).
Time : 8:30 a.m. – 5:00 p.m.
Venue : Vistana Hotel, Penang.
Subject to:
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HRDF CLAIMABLE* *SBL scheme, subject to HRDF Approval
WORKSHOP FEE GST included. (GST reg no: 0012 9141 9648).
Fee covers 2 tea breaks and lunches, printed workshop handout, and sample optimization models in Excel.
RM 1,800 per participant
RM 1,200 per graduate student
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.
(wholly-owned by Universiti Sains Malaysia)
(Co. No. 473883-H) HRDF : 0159
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.
Expected learning outcome:
Where Operations Research fits in the analytics
big picture and how it helps decision making
Linear Programming (LP) concepts and
modelling techniques
Algebraic expressions and spreadsheet
modelling techniques with Excel Solver
Formulate decision-making problems as LP
models and solve with solvers
Organised by
INTRODUCTION
Traditionally businesses will focus on
efficiency to differentiate themselves from
competitors. This includes waste reduction,
faster throughput time, and better customer
service. While efficiency is still important in
today’s environment, it is no longer sufficient
for differentiation.
Today’s buzzwords include Big Data and
Analytics. Actions include installing huge IT
infrastructure for data collection and storage,
acquiring skills in processing structured and
unstructured data and in advanced statistical
software like R, and implementing data
visualization. Provided that data is available
and usable, companies will have personnel
and tools for reporting and prediction.
However, the management still has to make
decisions based on gut feel. There is no
actionable recommendation provided by the
systems and reports, or what-if analyses to
quantify what will happen if different course of
actions are taken.
There are 3 types of analytics: descriptive
(what has happened), predictive (what will
happen), and prescriptive (what should
happen). This training is about prescriptive
analytics (top third in the diagram above).
Prescriptive analytics recommends one or
more courses of action and showing the likely
outcome of each decision so that the
business decision-maker can take this
information and act. It uses advanced
analytical methods from Operations Research
(OR) / Management Science (MS) / Decision
Science for quantitative decision making to
help make better decisions. No more gut feel
or crystal ball in decision making.
OR/MS is not new as it started during World
War II. Optimization problems need to be
formulated as mathematical programming and
solved to get the solutions/recommendations.
Today’s computing capability has enabled very
large and complex practical problems to be
solved very quickly. Even MS Excel can be
used. Unfortunately OR/MS applications are
not widespread in Malaysia compared to USA,
Europe, South Korea, Taiwan, and Singapore.
This training is very practitioner-centric. While
some basic theories are covered, the focus is
on learning the fundamentals of mathematical
optimization and how to apply it. Mathematical
modelling is difficult to learn and initially hard to
apply into real-world problems. With his
industry experience, the trainer will teach how
to apply mathematical optimization using real-
world examples and tools used by industry.
BENEFITS
Optimization could be beneficial to your
organization when:
i. The management faces complex decision
making
ii. The management is not sure what the main
problem is
iii. The management is uncertain about
potential outcomes
iv. The organization is having problems with
decision making processes
v. Management is troubled by risk
vi. The organization is not making the most of
its data
vii. The organization needs to beat stiff
competition.
WORKSHOP METHOD
It is conducted in a seminar room and consists
of 40% lectures, 40% exercises, and 20%
discussions. Participants will learn algebraic
expressions, developing legible Excel models,
Excel add-ins Solver and OpenSolver, and
IDEs (Integrated Development Environment),
LpSolve and IBM ILOG CPLEX Optimization
Studio Community Edition.
Disclaimer The Organizer reserves the right to reschedule or cancel any part of its published programme or venue due to unforeseen circumstances and will not accept liability for costs incurred by participants or their organizations for the cancellation of travel arrangements and/or accommodation reservations as a result of the course being cancelled or postponed. Advance notice will be given if there is such a change or cancellation.
ENQUIRY Technical: Dr Anwar Ali Mohamed (M) +6012 – 4750395 (E) [email protected] Registration and others: Khairol Anuar Mohammed USAINS Holding Sdn. Bhd. (DL) +604 – 653 5714 (M) +6012-286 9048 (E) [email protected] /
WORKSHOP CONTENTS
DECISION OPTIMIZATION
DAY 1
Introduction to Analytics & Operations Research
Algebraic Expressions and Spreadsheet Modelling
Linear Programming (LP) and Solvers
Manpower Planning, Blending Problems
Multi-period Inventory Modelling
Exercises include:
Dorian Auto
Diet problem
Manpower planning
Blending
Sailco inventory
DAY 2
Multi-period Production Smoothing
Transportation, Assignment, Transhipment
Network Flow Models
Investment Problems
Goal Programming
Exercises include:
Production smoothing
Minimum cost flow models
Network models
Investment models
Multi-criteria decision-making
DAY 3
Integer Programming (0-1 and either-or)
Travelling Salesman Problem
Building scalable models with database interface
Review & solve problems brought by participants
Exercises include:
Knapsack, fixed-charge
Facility location, set-covering
TSP
Reading database into model
WORKSHOP CO-ORDINATOR DR ANWAR ALI has 27 years’
experience in semiconductor industry, 2 years at Texas Instruments followed by 25 years at Intel Technology Sdn Bhd. He was a Principal Engineer for his last 5 years at Intel. He practised Operations Research (discrete event simulation and mathematical optimization) for 13 years.
His areas of expertise include high fidelity equipment simulation modelling, factory capacity modelling and optimization, and the relevant enterprise data integration involved. Dr Anwar Ali completed his B.Eng. in Mechanical Engineering (Industrial Engineering major) from Universiti Teknologi Malaysia (UTM) in 1988, M.Sc. in Decision Science from Universiti Utara Malaysia (UUM) in 2005, and D.Eng in Engineering Business Management from UTM in 2014.
PARTICIPANTS ARE REQUIRED TO BRING LAPTOP FOR THIS WORKSHOP
DECISION OPTIMIZATION
Send registration form to : Khairol Anuar, Usains Holding Sdn. Bhd., Level 2, Block C, Sains@USM,
No. 10, Persiaran Bukit Jambul, 11900 Bayan Lepas, Penang.
Fax : +604 – 643 0490 ; Email : [email protected] / [email protected]
NO. PARTICIPANT NAME POSITION & EMAIL
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Organisation: Co. Registration No:
Address:
Postcode:
Contact Person: Tel: Fax:
E-mail: Mobile:
MODE OF PAYMENT NUMBER BANK NO. OF PARTICIPANTS: RM
I enclosed Cheque Normal
Bank Draft Group
Money Order
LO / PO TOTAL
Cheque / Bank Draft / Money Order / LO / PO must be made payable to ‘USAINS HOLDING SDN. BHD.
1. Bank Transfer [Please fax your Bank-in Slip (Print your name & details on the slip)].
Payee Name : Usains Holding Sdn. Bhd. Details : DECISION OPTIMIZATION – MAY 2017. Name of Bank : AmBank (M) Berhad, Level 21, Menara Dion, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia. Account Number : 888 – 100 – 985 – 0380
2. A Local Order (LO) or Purchase Order (PO) must be presented before the event. The Organizer reserves the right to refrain a registered participant from taking part in the event if no proof of payment can be presented. This only applies to registered participants who have NOT paid the registration fee PRIOR to the event date.
3. Cancellation / Substitution A full refund less administration cost of 15% from paid fee will be given for cancellation received not later than 10 working days before the event. No refund will be made after this period. However, substitute participants are welcomed at no extra charge provided written notice of at least 5 working days before the event is given to the Organizer.
REGISTRATION FORM
The personal data that you have provided to USAINS, whether now or in future, may be used, recorded, stored, disclosed, or otherwise processed by or on behalf of USAINS in accordance with the Personal Data Protection Act 2010 and USAINS' data protection policy (available at USAINS' website - www.usainsgroup.com), for the purpose of facilitation and organisation of this event, research and audit, and maintenance of a participant database for the promotion of this event, and such ancillary services as may be relevant.