Training - Linear Programming for Agribusiness Executives, 14-17 March 2016, Yerevan


Deadline:

March 11, 2016

Disciplines:

Event Date:

March 14, 2016 - March 17, 2016


Opportunity Cover Image - Training - Linear Programming for Agribusiness Executives,  14-17 March 2016, Yerevan

The ICARE - International Center for Agribusiness Research and Education

invites you to participate in a videoconference training on

Linear Programming for Agribusiness Executives

conducted by

     Rafael Bakhtavoryan, PhD

Dates

The 4-day training will take place on March 14-17, 2016

Venue

International Center for Agribusiness Research and Education (ICARE).

Address: 74 Teryan Street, 0009 Yerevan.

Time

18:30 - 20:45, Yerevan time (this includes a coffee break). For details, see the agenda below.

Working language

The working language will be Armenian, but the PowerPoint slides will be in English.

Level

Intermediate. Participants are not expected to be intimately familiar with linear programing; however, it is recommended that they have a basic background in mathematical programming and Microsoft Excel.

Training participation fee

The training is free of charge. While similar hands-on trainings are quite expensive, ICARE fully covers the associated expenses for the participants, thus staying true to its charitable, social, scientific, and educational commitments.

Training description

Linear programming is an important tool for formulating mathematical models and developing solution methods for real-life optimal decision problems. In this hands-on training, the participants will familiarize themselves with different linear programming models used to obtain the best decisions (according to a well-defined objective) in allocating scarce resources such as capital, materials, equipment, manpower, energy, etc. among competing activities that produce goods and services. Rather than developing a specific solution method for each optimization problem, we will build abstractions of these problems in the form of mathematical models and study a general method to solve these models.

Target audience

The purpose of this training is to teach participants the fundamentals of linear programming focusing on the application of this technique to solve actual problems in the competitive business environment. The course is designed to equip participants with practical skills to assist them in making educated economic decisions in a business context and is intended for business executives, business consultants, business analysts, economists, policy makers, senior level students, and other interested parties that do linear programming in any type of production or service industry (agribusiness, banking, consulting, food industry, production, wholesaling/retailing, tourism etc.).

Expected outcomes

After completing this training, participants will be able to:

  • Formulate linear programming problems.
  • Solve linear programming problems using Solver (an add-in in Excel).
  • Interpret the results from the solution of different types of linear programming problems.
  • Make recommendations to business managers to facilitate their decision making process.

Presentation methods

A combination of PowerPoint presentations and in-class computer exercises will be used (the participants must bring their own notebooks to every session). The participants will be provided with training material ahead of time. A dynamic discussion and exchange of ideas through interactive class participation will be strongly encouraged.

Trainer

Dr. Bakhtavoryan received his Ph.D. in Applied Economics from Texas A&M University. Currently, he works as an Assistant Professor at Texas A&M University-Commerce, United States. Also, he teaches graduate courses, such as Statistics, Econometrics, Managerial Economics, and Agribusiness Analysis and Forecasting, in the MABprogram at the Armenian National Agrarian University. His research interests lie in the areas of consumer demand analysis, applied econometrics, and forecasting. He has extensive experience in conducting trainings in Armenia (at Baker Tilly Armenia, ICARE, and German Agency for International Cooperation).

Registration procedure and deadline

If interested, please fill out the registration form (in English) available here:  (the link is available in online versions of this announcement on ICARE Web and FB pages), or contact the coordinator for this training Lena Mamikonyan at lenamamikonyan@gmail.com. Registration deadline is March 11th, 19:00. Due to limited seating only shortlisted applicants will be notified for participation.

Contacts

If you have questions, please contact Lena Mamikonyan or call at 093 42-59-55.

Agenda

March 14

Time

Topics

 

18:30 - 19:30

Introduction to mathematical programming and linear programming

 

19:30 - 19:45

Coffee break

 

19:45 - 20:45

Assumptions of linear programming

March 15

Time

Topics

 

18:30 - 19:30

Solving linear programing problems in Excel

 

19:30 - 19:45

Coffee break

 

19:45 - 20:45

Formulating an applied linear programming problem

March 16

Time

Topics

 

18:30 - 19:30

Transportation model

 

19:30 - 19:45

Coffee break

 

19:45 - 20:45

Feed Mix model

March 17

Time

Topics

 

18:30 - 19:30

Joint Products model

 

19:30 - 19:45

Coffee break

 

19:45 - 20:45

Assembly model



Host Country
Event Type
Publish Date
February 26, 2016




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