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Optimisation and Statistical Decision Analysis

Course Information

  • Sessions 1 day
  • Duration 7.5 hrs
  • Level Beginner
  • Assessment NA

Venue

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Certification

  • Certificate of Completion from Tertiary Courses - Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from Tertiary Courses.

Optimisation and Statistical Decision Analysis

Course Code: C951

8 Review(s) | Add Your Review

What's This Course About

Dive deep into the world of advanced decision-making with our course on Optimisation & Statistical Decision Analysis. Designed for both business professionals and individuals, this comprehensive training will guide participants in analyzing complex problem situations and adeptly structuring them. Harnessing the power of a Decision model, learners will be equipped to represent these problem situations, laying a strong foundation for precise solution methodologies.

Progressing further, participants will master the art of solving models using cutting-edge Statistical Methods and the versatile Decision Tree model. An emphasis on the Utility Function ensures that one can seamlessly incorporate risk appetite into their decision-making process, guaranteeing well-rounded and informed decisions. The course also delves into the complexities of multicriteria decision problems, providing learners with a robust skill set to tackle diverse challenges in optimization and decision-making arenas.

WSQ Funding

Full Fee $1,500.00 Before GST
GST $135.00 9% of fee
Baseline Nett $885.00 SG/PR age 21+ · 50% funded
MCES / SME Nett $585.00 SG age 40+ · 70% funded

Course Fee

$100.05

Course Date

Additional Note

Please bring your own laptop for hands-on training. If you don't have laptop, we can provide spare laptop for training use.

Post-Course Support

  • We provide free consultation related to the subject matter after the course.
  • Please email your queries to info@tertiarycourses.com.gh and we will forward your queries to the subject matter experts and get back to you as soon as possible.

Cancellation & Reschedule Policy

  • We reserve the right to cancel or re-schedule the course due to unforeseen circumstances. If the course is cancelled, we will refund 100% to participants.
  • Note: the venue of the training is subject to changes due to class size and availability of the classroom. The minimum class size to start a class is 3 Pax.

Course Details

Course Details

What You'll Learn

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

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

Trainers

is an accomplished IT and data specialist with over 20 years of experience in academia, ICT leadership, and professional training, with a strong focus on data analytics and Excel-based solutions. He has developed and delivered specialized training programs on Statistical Data Analysis with Excel and Visual Basic for Applications (VBA) for Excel, equipping learners with advanced data manipulation, automation, and reporting skills. His expertise extends to automating institutional reporting systems, where he successfully streamlined academic records management through Excel-based tools, integrating macros and automation to improve efficiency and accuracy. As a trainer and consultant, Dr. Siraj has taught Excel to diverse audiences, including university staff, administrative teams, and professionals in banking, security, and education, ensuring they can apply Excel for decision-making, statistical modeling, and process automation. His practical mastery of Excel is complemented by his deep knowledge of office automation and ICT project management, making him a highly sought-after trainer in data analysis and productivity tools. With his blend of hands-on technical expertise and instructional experience, Dr. Siraj stands out as a credible authority in leveraging Excel to drive organizational efficiency and data-driven strategies

Review

Customer Reviews (8)

Engaging trainer Review by Course Participant/Trainee
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
The course content was comprehensive and up to date. The practical exercises were the best part. (Posted on 3/19/2026)
Exceeded my expectations Review by Course Participant/Trainee
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
Solid content and a supportive trainer. I would definitely sign up for more courses here. (Posted on 1/12/2026)
Very satisfied Review by Course Participant/Trainee
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
I found the course extremely useful and relevant to my job. Highly recommend it to others. (Posted on 11/22/2025)
Fantastic experience Review by Course Participant/Trainee
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
The training was very practical and hands-on. I could apply what I learned to my work immediately. (Posted on 10/11/2025)
Good course materials Review by Course Participant/Trainee
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
Very informative and interactive. The small class size meant we got a lot of personal attention. (Posted on 7/5/2025)

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