Managerial Decision-Making through System Simulation

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The program is targetted towards the need of lower to middle level managers working in manufacturing as well as serive organisations (Government/PSUs/private sector etc.). It aims at sensitising the managers to develop a wholistic systems approch to problem solving which will stand them in good stead in the long run. The decision making coming out of the paradigm shift in problem solving approach will boost the organisational performance which ulimately benefits all its stakeholders. The program aims to provide the basic theoritical bulding blocks for this thought process and suitably supplement it with case studies and hands on exercises with help of related software tools.

To impart a wholistic approch to pblem solving and decision making at an organisational level 

•    Introduction to Simulation
•    Concept of System & System Thinking 
•    Building Causal Loops: Cause and Effect Paradigm
•    Case Study illustrations with Causal Loops (along with use of software tools) 
•    Stock Flow Diagram (SFD) 
•    Case Illustration of SFD (along with Software tools)
•    Building and Running Simulation Model 
•    Model Verification and Validation
•    Sensitivity Analysis and Policy Experimentations
•    System Archetypes
•    Modeling Real Cases

Lower to Middle level Managers

Course Details

Venue Offline
Duration 18 Hrs
Starts On Sep 07, 2023
Faculty Prof. P. Acharya / Prof. M. S. Mahapatra

Fees Details

Duration Professional Fee*(Per participant) GST(18%) Total Fees(Per Participant) Programme Code
18 Hrs 10,500.00 1,890.00 12,390.00 1 24 2 23
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