Decision Modeling
Develop your expertise in the tools and techniques that aid in the effective decision making process of operations research.
Online
8 Weeks
Free Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The ‘Decision Modeling’ online course is a free online certification program offered for the professionals and students of engineering and management to get a conceptual understanding of the strategies and details of operations research that enables optimized decision making. This online training course is provided by the Swayam education portal with the ‘National Programme on Technology Enhanced Learning (NPTEL). The classes are conducted online through videos, lectures, and other online resources for a period of eight weeks studying the course modules. The students are guided by the program instructor who is an academic and professional expert, Prof. Biswajit Mahanty, from the department of industrial and systems engineering at Indian Institute of Technology Kharagpur. This elective course, classified under the management studies and operations domain is recognized by the All India Council for Technical Education.
The ‘Decision Modeling’ online certification program ensures students receive the course certificate and credit points at end of the course after completion of the assessments and exam.
The Highlights
- Online course
- Eight weeks
- IIT faculty
- AICTE approved
- Elective program
- Undergraduate and postgraduate level
- Two Credit points
- E-Certificate
Programme Offerings
- Online Classes
- Course Modules
- videos
- Weekly Assignments
- End-term exam
- Course credits
- E-certificate
- Books
- references
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Kharagpur |
The ‘Decision Modeling’ certification fee is about the exam registration fee for the certification exam as the course learning is offered free of charge.
Decision Modeling fee structure :
Program Fee | Nil |
Exam Registration fee | Rs 1000 |
Eligibility Criteria
The applicants of the ‘Decision Modeling’ certification by Swayam are required to have prior knowledge of fundamental probability, statistics, and operations research.
Certificate qualifying details
The ‘Decision Modeling’ certificate is given by Swayam and NPTEL to the students who have completed the curriculum, internal assessments, and final exam with the scores being 10/25(25%) and 30/75(75%) respectively with a total average of 40/100.
What you will learn
The ‘Decision Modeling’ certification syllabus is developed for students to improve their understanding of the concepts of decision modeling that helps with manufacturing and services operations. The students gain a better understanding of operations research and decision-making. By the end of this program, learners will know about the theories such as decision analysis, waiting for line or queuing models, simulation models, and network models.
Who it is for
The ‘Decision Modeling’ online certification program is targeted at undergraduate and postgraduate level students pursuing masters in business administration, economics, industrial engineering, operations management or operations research, and other relevant fields. The course is also for industry professionals such as operations managers, services and manufacturing managers, manufacturing engineers, industrial engineers, corporate planning managers, and research associates.
Admission Details
The students who wish to join the ‘Decision Modeling’ online certification program should register online as per the following steps,
Step1: Go to the course page using the link,
https://onlinecourses.nptel.ac.in/noc21_mg95/preview
Step 2: Find the ‘Register/Sign-In’ option.
Step 3: Fill in the course details.
Step 4: Join the course.
Application Details
The course registration for the ‘Decision Modeling’ online training course is done by entering the Swayam account details on the registration form if you have already registered or you can start the course by using Google, Microsoft, or Facebook IDs.
The Syllabus
- Introduction to Decision modeling
- Probability Concepts
- Decision modeling for deterministic, uncertainty, and risk situations.
- Bayes Theorem
- Decision Making with and without Experimentation
- Decision Trees
- Elements of Queuing models
- Queuing models based on the birth-and-death process
- Priority-Discipline Queuing Models
- Finite population models
- Queuing cost models
- Discrete-Event Simulation modeling
- Random numbers and Random Variates
- Input Modelling and Output analysis
- Continuous Simulation
- System Dynamics
- Introduction to Graph theory
- Tree and Spanning Tree
- Maximal Flow algorithms
- Maximal Flow algorithms (continued)
- Shortest Path algorithms
Evaluation process
- The students of this free online certification course should write the end-term proctored exam conducted at the allotted exam centers to receive the ‘Decision Modeling’ certificate.
- The registration and payment are done online for the certification exam.
- The qualifying percentage for the exam is 75% and the students are required to score at least 30/75.
Instructors
IIT Kharagpur Frequently Asked Questions (FAQ's)
It will take eight weeks to complete the program.
This course is provided by Swayam and NPTEL.
You will get two credit points.
Yes, the course is provided for free except for the assessments and certification.
No, you will only get an E-Certificate that can be downloaded from the website.