Models for Strategic Planning

January 28, 2010

Organized by ELCIM

Presented by Dr. Victor Araman.

On Thursday & Friday January 28th & 29th of 2010, ELCIM organized a workshop on the topic of “Models for Strategic Planning” presented by Dr. Victor Araman. The workshop which was held at Holiday Inn Hotel, Dunes Center- Verdun, focused on the notion of Resource Allocation and Optimization (using Solver add-in) and how to extract the maximum value from resources and activities. It also demonstrated the company’s ability to explore complex combinations of possibilities for achieving the desired goals.

Dr. Araman discussed how to analyze a wide array of business planning and decision problems by building models with the help of spreadsheet software. In the modeling approach, he explained the essential structure of a decision problem in terms of objectives, decision variables, uncertainties, outcomes, choice criteria, and feasibility constraints. Through this discussion, Dr. Araman provided some spreadsheet tools to assist in this process.

The workshop hosted 15 participants from different companies and backgrounds who gave positive feedback and filled out excellent evaluations asking ELCIM team for more workshops covering similarly important topics.