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The program trains the participants in using advanced tools for mathematical modeling of managerial decision making process
To train participants in formulating and solving complex business decision problems
Mathematical programming using AMPL and Python.
This course will teach you the art of formulating and solving complex managerial decision making in business using the technique of mathematical programming. There are tremendous savings possible in many areas by adopting a formal, mathematical, decision making process for managerial decisions. However, mathematically modeling a problem is as much an art as it is a science, and the best way to master it, like any other art, is through practice. However, more often than not, there is no unique way to model a given problem, and science comes into play in telling a more efficient formulation from a less efficient one. This course uses state of the art tools like AMPL for solving real life problems.
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Modules |
Lessons |
Learning objectives |
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Module 1 |
Introduction to Mathematical modeling |
A simple production planning problem |
To learn the basics of the art of mathematical modeling of business |
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Introduction to AMPL modeling |
To get started with a mathematical modeling software AMPL |
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Module 2 |
Network revenue management |
Developing a mathematical model for airline network revenue management |
Understanding the complexity involved in revenue management in complex |
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Using AMPL modeling to solve the revenue management problem |
Handling pricing in revenue management |
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Modul 3 |
Alternate formulations |
Developing a mathematical model for a paper recycling problem |
Learning the art of good formulation |
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Learning alternate formulations for the same problem |
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Module 4 |
Workforce scheduling problem |
To learn how to model a work force scheduling problem |
Understanding the process of work force scheduling using a simple |
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To learn how to handle min-max and absolute values |
Understanding the art of handling some non-linearity in mathematical |
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Module 5 |
A logistics planning problem |
To learn how to design facility location strategy for a distribution |
Understanding the process of solving logistics problems |
Management Development Programmes (MDP) Office
Indian Institute of Management Indore
Prabandh Shikhar, Rau-Pithampur Road
Indore 453556, Madhya Pradesh, INDIA
Email : mdp@iimidr.ac.in
Tel. : +91-731-2439750, 2439752, 2439753, 24397544
Fax : +91-731-2439800
Industry executives in supply chain and operations management
Rs. 24,120
GST, as applicable, will be additional
Prof. Saurabh Chandra
Email: saurabh@iimidr.ac.in
Phone: 0731-2439530