November 5, 2009
To be held at the Virginia Tech National Capital Regional Campus at Falls Church, VA
Download this event to your calendar.
Registration: FREE
For more information on this workshop contact:
Henry Quesada-Pineda
540/231.0978
quesada@vt.edu
For other information on the Virginia Tech National Capital Regional Campus at Falls Church, VA
http://www.ncr.vt.edu/
Overview
Decision making techniques can be defined as a collection of qualitative and quantitative analytical tools that allows business and process managers to outline and analyze potential scenarios when searching for solutions given a specific problem or situation. The focus of decision making start with the data at the manufacturing level and how this data is collected manipulated or transform into valuable information for those who make decisions. Besides quantitative data, qualitative input should also be considered. Aspects such as legal issues, technology and human resource criteria are difficult to quantify so qualitative analysis should be brought into action to complement quantitative analysis.
This workshop will address the most important decision making techniques in the areas of financial management and operations research from a manager point of view. Participants in this workshop will learn that decision making is a multistep process that involves problem definition, model developing, data spreadsheets so articipants will also understand that decision making techniques can be also automated.acquisition, solution development, solution testing, output analysis and solution implementation.
Participants will discover in this workshop that the successful use of decision making techniques will yield proper solutions that are precise, flexible, economic, reliable and easy to understand and implement. The majority of concepts and techniques will supported by examples and applications that use
