Optimisation and Statistical Decision Analysis

Topic 1: Introduction to Decision Analysis (DA).

• Overview of Decision Analysis
• Problem formulation
• Influence Diagram
• Payoff Table
• Making decision without probabilities

Topic 2: Decision Analysis with Expected Value Approach

• Decision Tree
• Expected value approach
• Bayer’s Theorem
• Value and efficiency of Sample Information
• Optimal decision strategy

Topic 3: Risk Analysis with Expected Utility Approach.

• Risk Profile
• Sensitivity Analysis
• Utility and Decision analysis
• Incorporating risk appetite into Utility Function
• Expected Utility Approach

Topic 4: Multi-criteria Decision Analysis

• Model multicriteria problems
• Scoring board method
• Analytic Hierarch Process (AHP)
• Consistency Check
• Using Excel to solve AHP

Promotion Code

Your will get 10% discount voucher for 2nd course onwards if you write us a Google review.

Minimum Entry Requirement

Knowledge and Skills

• Able to operate using computer functions
• Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)

Attitude

• Positive Learning Attitude
• Enthusiastic Learner

Experience

• Minimum of 1 year of working experience.

Target Age Group: 18-65 years old

Minimum Software/Hardware Requirement

Software:

TBD

Hardware: Window or Mac Laptops

Quality Engineers, Process Engineers, Manufacturing Engineers

This course is designed for all technicians, assistant engineers and engineers in a production, engineering and quality environment in the biomedical, semiconductor, automotive and aerospace industry who need to be equipped with a thorough understanding of statistics.

This course is also suitable for any personnel who wanted to gain deep understanding in the basic statistics and a precursor for statistical process control, measurement system analysis and other statistical applications.

The course is also useful for engineering and quality personnel who wanted to refresh statistical concept and statistical applications to do quality improvement in the production process and process capability improvement.

Dr Alvin Ang: Dr Alvin Ang is a ACTA certified trainer. Alvin Ang did his Ph.D., Masters and Bachelors from NTU, Singapore. Previously he was a Principal Consultant (Data Science) as well as an Assistant Professor. He was also 8 years SUSS adjunct lecturer. His focus and interest is in the area of real world data science. Though an operational researcher by study, his passion for practical applications outweigh his academic background. He owns a startup externally

Liew Sing Loon: Liew Sing Loon is a ACTA certified trainer. Liew Sing Loon graduated from the National University of Singapore (NUS) in 1992 with a Second Upper Honors Degree in Electrical Engineering. He started his career as an Electronic Product Design Engineer for four years in a Multinational Company which sell the products worldwide. The job provided him practical knowledge in various aspects of manufacturing operations ranges from Design, Quality, Production and Procurement. He then spent fifteen years in Information Technology Sector as a Key Account Manager in selling IT solutions to Banking, Telecommunications and Government clients. The job provided him the opportunities to propose IT solutions, integrating software, hardware and services, to solve customers’ problems to achieve their strategic business objectives. He joint a German Product Test company to develop its business in providing product Safety, Immunity, Electromagnetic Compatibility (EMC) Certification test. While working in the industry, Liew Sing Loon obtained a Master of Science (MSc) in Technology Management from NUS.

In the last decade, Liew Sing Loon has been Adjunct Lecturer in several Institutes of high learning, transferring his knowledge on Quantitative & Statistical Analysis, Operations, Project & Quality Management to learners ranging from Diploma, full time undergraduates and working adults.Liew Sing Loon has a Certificate of Completion in Education Psychology Course and Teaching & Learning in Higher Education Program conducted by National Institute of Education (NIE).

Kesston Tang: Kesston Tang started his an entrepreneur journey as Affiliate Marketing, currently he has been providing coaching and developing consultation to his Client’s, such as Online Presence Marketing/Management as a whole in managing their portfolios that helps his client’s in gross profits of ROI (150% - 200%). He has more than 2 decades of experiences in

Supply Chain (Warehouse Management) and Information and Communications Technology (ICT) sector, thus he had implemented across many multiply MNC and government agencies of major multi-million dollars in project management that delivered results in the success of S$324.5 million projectization.

Kesston Tang is ACTA certified and Professional Body accreditation endorsed certified in PMP, ITIL, CEH, CHFI, SOC Analyst (CSA), MCSA and TOGAF. As of now, concurrently doing his Doctor of Business Administration (DBA) programme and Master in Education (NTU). He had graduated with a Master of Business in Enterprise Resource Planning (VU) and Master Certificate on CIO (NUS), Graduate Certificate in Information Technology Management (NUS). He has conducted numerous National WSQ and NICF training in Singapore.

Patrick Foo: Patrick Foo is a ACTA certified trainer. In 2010, Patrick earned his Advanced Search Engine Marketing Certification from Search Engine Academy, USA, and started Business Online Centre, a one-stop solution business for SMEs looking for online presence. Services range from domain registration, hosting, web design, Internet (SEO/SEM) and Facebook marketing. He has been conducting website design classes (public and corporate) since 2011, using popular open-source platforms like Joomla

Prior to his online career, Patrick, with his UK Accountancy and Computer Science qualifications, worked as an accountant, business solutions consultant/manager and professional services manager (PSM), specialising in Enterprise Resource Planning [ERP], Customer Relationship Management [CRM] and Business Intelligence [BI].

Allen Wong: Allen Wong is a ACTA certified trainer. He is also a  seasoned digital marketing strategist, He brings over eight years of experience across diverse industries - e-commerce, events, FMCG, real estate, and finance. 300% career-wide ROAS, peaking at 1000% in events, he has generated $2M in e-commerce revenue and over $5M in sales.&nbspAn AI enthusiast and industry pioneer, Allen's innovative approach to data-driven marketing drives high-impact, cost-effective results

Ray Teoh Tham Kim: Ray Teoh Tham Kim is a ACTA certified trainer. He based in China Shanghai 2011 to 2015 setup offices in Shanghai, Hong Kong and Taiwan, JV with Malaysia Listed digital company Innity. In 2015 joined iClick Interactive, China programmatic company, listed in NASDAQ in 2017. Have setup eDragon Group in 2019 focusing in SME digital transformation.

Janice Ong:  Janice Ong is a ACTA certified trainer. Janice is a dynamic and results focused leader with global experience. She has over 20 years of business development, sales, marketing, strategy, digital marketing, eCommerce, training experience. She is Assertive Protagonist. Extraverted, Intuitive, Charismatic Leader. 

She early pioneer in e-Commerce, Website Development, Digital Marketing, CMS Content Management System with over 20 years of experience since her 1st job after graduation. She has great leadership, management and communication skills. She has an agile mind, able to handle complex problems, find solution and deliver outstanding results.

Armand Abdul Rahim: Armand Abdul Rahim is a ACTA certified trainer. Armand Rahim has more than 20 years ICT experience that spans across Asia Pacific region. His primary domain of expertise and experience is on Leadership & Management, Digital & Product Marketing and Project Management.Armand graduated with MSc in Marketing Management. He is currently serving as Adjunct Lecturer with DeepNovaSG and London School of Business Finance. He have gotten Masters in Marketing Management, Diploma in Adult & Continuing Education (DACE), Advanced Certification in Training & Development (ACTA), Post Graduate Diploma in Business Marketing, Diploma in Information Technology. Have 20+ years experience in InfoComm Technology and 10+ years in Product & Program Management.

Fritz Lim: Fritz is ACTA-certified, as well as a registered MOE instructor, and a graduate of the 2018 ConsenSys Blockchain Developer Program, with a Bachelor in Electrical and Electronic Engineering (Computer Specialisation) from Nanyang Technological University.

With more than 10 years of experience teaching at a local polytechnic, Fritz is passionate about imparting knowledge to teens, adults, and children. He believes that an education in technology and in how things work is essential for everyone, so that they can harness and invent the technologies of the future. He is excited about exploring anything related to computers and IT, with a keen interest in electronics and native cross-platform mobile app development so that our ubiquitous mobile phones can be conveniently used to control and interact with devices wirelessly and over the Internet.