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Course Details
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
Course Info
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
Job Roles
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.
Trainers
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).
Customer Reviews (4)
- Alvin's optimization course was super helpful! Review by Course Participant/Trainee
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Alvin's optimization course was super helpful! He's such a knowledgeable teacher, and he shared loads of practical tips that really relate to my job! All the best to him and thank you so much! (Posted on 10/31/2023)1. Do you find the course meet your expectation? 2. Do you find the trainer knowledgeable in this subject? 3. How do you find the training environment - Dr. Alvin is a dedicated teacher who works really hard to make sure his lessons are easy to understand. Review by Course Participant/Trainee
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Dr. Alvin is a dedicated teacher who works really hard1. Do you find the course meet your expectation? 2. Do you find the trainer knowledgeable in this subject? 3. How do you find the training environment
to make sure his lessons are easy to understand.
Even though I come from a different background,
he's good at seeing things from my point of view and giving me practical
advice on how to use Decision Analytics in my job.
Dr. Alvin is a friendly teacher who always makes the class a fun and relaxed place.
His ability to create a stress-free and positive learning environment helps me
focus better and makes my learning experience more meaningful. (Posted on 9/19/2023) - will recommend Review by Course Participant/Trainee
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More examples on management decisions (Posted on 6/30/2023)1. Do you find the course meet your expectation? 2. Do you find the trainer knowledgeable in this subject? 3. How do you find the training environment - Excellent course Review by Course Participant/Trainee
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Mr Liew is very knowledgeable about statistics and decision science and can answer my questions well. Great trainer and great course (Posted on 6/5/2021)1. Do you find the course meet your expectation? 2. Do you find the trainer knowledgeable in this subject? 3. How do you find the training environment
Write Your Own Review
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