Analytics in Decision Making

Programme Overview

Application of Quantitative Techniques in decision making is increasing in scope and effectiveness in solving business problems with spreadsheet models like Excel. The operations research based mathematical optimisation models are now simple and can be practised by any manager.

The programme aims to arm managers with knowledge of quantitative techniques and help them understand how and when they need to be used to minimise risk and improve creative ways of solving both long-term, strategic problems as well as short-term, tactical problems. There will be a strong emphasis on applied work with focus on applying the tools and techniques in varied real life decision environments.

This Management Development Programme (MDP) has been designed to take the participants in a systematic way through:

Problem definition

Identification of relevant data

Developing an appropriate mathematical model for solving the problem

Applying the model and finding an optimum solution by selecting practical cases spread over many domains including supply chain, operations, marketing and finance.

Programme Objective and Pedagogy

Familiarise the participants with the systematic process of decision making

Acquire skills in using mathematical optimisation models in solving business problems

Give hands-on experience in solving the problems with Excel

Simplicity, conceptual clarity and hands-on experience will make the programme very useful for decision making.

Who can attend

  • Any decision maker – Executive and manager
  • Practitioners and Consultants
  • Basic knowledge of Excel required.

Programme Content

  • Operations Research tools
  • Product mix models
  • Advertising models
  • Assignment models
  • Transportation models
  • Sensitivity Analysis
  • Supply chain network optimisation models
  • Investment decisions
  • Portfolio optimisation
  • Decision Tree and Monte Carlo simulation for decision under uncertainty and risk analysis

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Programme Dates & Fees Details :

Mumbai Campus :


 3rd - 4th May, 2019


 09:30 a.m. - 5:30 p.m.


 Rs. 25,000 + 18% Taxes

Delhi Centre :




 09:30 a.m. - 5:30 p.m.


 Rs. 25,000 + 18% Taxes


Discounts on Fees

 Early Bird for first 5 participants


 Group of 5 to 6 participants


 Group of 3 to 4 participants


 Bhavans Alumni ( SPJIMR, SPCE & SPIT)



Contact Details:

Mumbai Campus:

Contact person: Sonal Bajla
Tel:  +91 22 61454296

Delhi Centre:

Contact person: Bharat Khanna
Tel:  +91 8130545577

Click for cancellation and refund policy


Bhavan's Campus
Munshi Nagar | Dadabhai Road,
Andheri West | Mumbai - 400 058, India
Tel:+91-22-2623-0396/ 2401

Delhi Centre
Bharatiya Vidya Bhavan Campus, 3rd Floor
Gate No. 4, Copernicus Lane
Kasturba Gandhi Marg, New Delhi-110001
Tel: 8130545577, 011-23006871, ext-871