Optimisation and Simulation for Decision-Making
Training Provider: Singapore University of Social Sciences
Course Reference: TGS-2024047142
S$1,461
About This Course
Apply linear programming models to support decision-making in the industry.
Solve integer linear programming models to optimise various business decisions.
Appraise the role of nonlinear programming and metaheuristics in solving complex supply chain problems.
Analyse different simulation tools for various complex problems.
Construct simulation models to solve business problems.
Demonstrate how to make decisions under uncertainty.
What You'll Learn
Quantitative models are essential tools in the success of firms in today’s highly competitive and complex business environment. LOG307 Optimisation and Simulation for Decision-Making emphasises on analysing, developing and solving quantitative models to support decision-making focussing on the supply chain. Two main modelling techniques - optimisation and simulation - will be employed to solve complex business problems. The course also addresses decision-making under uncertainty as well as the fundamentals of metaheuristic algorithms. Spreadsheet will be used to construct and solve the models. Through hands-on exercises and cases, the course will equip students with problem-solving and analytical skills as well as enhance their digital fluency in a data-driven environment.
Course Details
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