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Introduction to O.R. I

 
         
  Ref. 442  
  Frances O’Brien
  3 - 7 July 2017, Birmingham
  £2,850 + VAT Members
  £3,125 + VAT Non-members
  Hands-on course
         

 

   
   Foundation
   Descriptive NA
   Predictive 100%
   Prescriptive NA
 

The overall aim of the course is to provide an introduction to the process and techniques of operational research. The specific objectives are: to understand the role of operational research in management, to understand the requirements for successful operational research interventions, to have a knowledge of a range of operational research techniques, to be able to identify the suitability of a technique for a problem situation and be able to apply those techniques. This can be taken as a stand-alone course or used in conjunction with ‘Introduction to O.R. II’.

The course covers: O.R. and the O.R. Process – Why managers use models: The process of developing and using models in O.R.; The validation of models; Data collection in model building. Statistical Methods in O.R.: Sampling and Regression – What is O.R.?; The normal distribution and the sampling distribution for means and percentages; Quality control problems; Correlation and regression analysis as a means of analysing relationships between variables. Simulation – Modelling variability and complexity in systems: Developing simple simulations in Excel; Selection of statistical distributions in simulation models; Simulation software; Simulation experimentation: Statistical Methods in O.R.: Forecasting – Linear methods of forecasting: moving average (MA) and exponentially weighted moving average (EWMA); Extensions of EWMA that handle trend and seasonality; Forecast accuracy and measurement of error; Use of MINITAB software: Optimisation and (Meta-) Heuristics – Linear programming: formulation and solution; Sensitivity analysis; Overview of heuristic methods.

If you are interested in further information, have any requirements (e.g. an alternative course date), or have difficulty booking a course online then please contact Jennie Phelps. It is recommended that courses are booked online. If this is not possible, then please print off, fill and fax or post the Training Course Booking Form.

 
Jennie Phelps   Address:  The OR Society, Seymour House, 12 Edward Street, Birmingham, B1 2RX, UK
  Tel: +44 (0)121 233 9300
  Fax: +44 (0)121 233 0321
  Email: jennie.phelps@theorsociety.com