Decision Making In Allocation Of Resources

DESCRIPTION

Effective allocation of resources is a crucial skill for managers, as many decisions revolve around choosing the best alternative from a set of options. Resource allocation decisions involve determining how much of each resource is needed to achieve maximum benefits or minimize costs. This course provides participants with the tools and techniques necessary to make informed decisions about resource allocation, ensuring optimal use of organizational resources.

OBJECTIVE

By the end of this training program, participants will:

• Understand the principles of decision science as they apply to resource allocation.

• Learn to use decision-making tools to allocate resources effectively.

• Gain insights into the role of information technology in enhancing decision-making processes for resource allocation.

TOPICS

Day 1: Introduction to Decision Science and Tools for Resource Allocation

Introduction to Decision Science

• Overview of decision science and its relevance to management

• Key concepts and frameworks in decision-making

Decision Tools Used in Resource Allocation

• Introduction to tools and techniques for resource allocation

• Understanding linear programming, optimization, and other resource allocation models

Break

Practical Applications of Decision Tools

• Hands-on exercises with decision-making tools

• Case studies illustrating resource allocation decisions

Day 2: Advanced Techniques and IT in Decision Making for Resource Allocation

The Use of Information Technology in Decision Making

• Role of IT in enhancing decision-making processes

• Overview of software tools and platforms for resource allocation

Integrating IT Tools with Decision Science

• Practical demonstration of IT tools used for resource allocation

• Strategies for implementing IT solutions in decision-making frameworks

Break

Workshop: Applying Decision Tools and IT in Resource Allocation

• Group exercises to apply decision tools and IT in real-world scenarios

• Discussion of best practices and common challenges in resource allocation

PARTICIPANT

This course is ideal for:

• Employees aspiring to become supervisors

• Current supervisors looking to enhance their managerial skills

• Managers responsible for resource allocation and decision-making

INSTRUCTOR

Ronny Kountur, DrMS., Ph.D

Dr. Ronny Kountur is an Associate Professor of Data Analytics at Central Queensland University, Jakarta Campus. He holds dual doctoral degrees in Management Science and Research Methodology & Evaluation. Dr. Kountur’s extensive experience in data analytics and decision science makes him uniquely qualified to guide participants through the complexities of resource allocation decision-making. His approach combines theoretical knowledge with practical applications, ensuring participants gain a comprehensive understanding of the subject.