45th Annual Convention of
Operational Research Society of India
December 20th - 22nd, 2012 in Kolkata

Tutorial on December 19, 2012

The international conference will be preceded by a one-day tutorial on December 19, 2012

Tutorial Session 1: Optimum Decision Making Under Uncertainty: Methods, Applications and Case Studies
Prof. Gautam Mitra, Director OptiRisk&CARISMA, Brunel University
Prof. Enza Messina, Prof. Informatics, DISCO, Milan University

Professor Gautam Mitra is an internationally renowned research scientist in the field of Operational Research in general and computational optimisation and modelling in particular. He has developed a world class research group in his area of specialisation with researchers from Europe, UK & USA. He has published three books and over hundred refereed research articles. He was Head of the Department of Mathematical Sciences, Brunel University between 1990 and 2001. In 2001 he established CARISMA: The Centre for the Analysis of Risk and Optimisation Modelling Applications. CARISMA specialises in the research of Risk and Optimisation and their combined paradigm in decision modelling. Professor Mitra is a Director of OptiRisk Systems UK and OptiRisk India. Many of the research results of CARISMA are exploited through these companies. Professor Mitra also acts as a hands on Angel investor and is a shareholder and director of UNICOM Learning systems and Excellence in People.
Email: gautam.mitra@brunel.ac.uk

Professor Enza Messina is a Professor in Operations Research at the University of Milano-Bicocca (Department of Informatics Systems and Communications), where she founded the research Laboratory MIND (www.mind.disco.unimib.it). She holds a PhD in Computational Mathematics and Operations Research from the University of Milano. She and her research team have over the years collaborated and worked with the research group CARISMA, Brunel University. With the Brunel team in general and Professor Mitra in particular she has participated in the design of SPInE : Stochastic programming integrated environment and also in supply chain logistics studies under uncertainty. Her research activity is mainly focused on the development of models and methods for decision making under uncertainty and more recently on statistical relational models for data analysis.. She developed decision models for addressing uncertainty in different application domains such as supply chain management, finance, system biology, ambient intelligence, web mining, e-forensics.
Email: messina@disco.unimib.it

Optimization in general and linear programming (LP) and integer programming (IP) in particular have made considerable progress in the last 50 years . From a practical stand point some salient aspects of this progress can be summarised as (i) understanding and automating the modeling paradigm (ii) improvement of solution algorithms (iii) connecting with analytical information systems. In the last two decades these successes in the domain of deterministic optimization have been extended to that of optimum decision making under uncertainty; in this tutorial we focus mainly on this latter topic. Stochastic (Optimization) Programming: SP addresses such decision problems by taking an ex-ante view of the future. In SP two modeling paradigms are brought together (a) a predictive analytic model which describes the random behavior of the uncertain parameters and (b) an optimum decision model as in LP/IP approaches. This one day tutorial is a compact version of a one week workshop by CARISMA/OptiRisk systems which have been delivered variously in London, Italy, Germany and India (IITMumbai and IIMCal )

The tutorial covers
• The alternative modelling frameworks for SP
• The connections of SP to Risk Analysis
• Description of random parameters by discrete scenarios
• In-sample analysis and stochastic measures
• Out-of-Sample analysis: Simulation and ex-post evaluation of decisions
• Case studies : financial application and supply chain logistics


SESSION ONE: 09:30 – 11:00
Tutorial 1: LP and IP: Representation…Modelling Strategy…Connections to Analytic DB… {GM}
Tutorial 2: Stochastic Programming an Introduction and Overview – Part 1 Alternative Models {EM}

SESSION TWO: 11:30 – 13:00
Tutorial 3: Stochastic Programming an Introduction and Overview – Part 2 Stochastic Measures and Risk Measures {GM}
Tutorial 4: Scenario Generation for SP –Part 1 {GM}

SESSION THREE: 14:00 – 15:30
Tutorial 5: An Asset and Liability Management: ALM model formulation – An interactive session{GM + EM}
Tutorial 6: Scenario Generation for SP –Part 2 {EM}

SESSION FOUR: 16:00 – 17:30
Tutorial 7: Ex-Post Analysis and out of Sample evaluation of SP decisions {GM + EM}
Tutorial 8: Case study 1 – Strategic planning for supply chain logistics {GM}

Open Session: Other approaches for decision making under uncertainty (EM)
Relationship with (i) Markovian decision model (ii) Robust Optimisation

A full feature modelling and solver system for SP

Tutorial Session 2: Tutorial on How to Use Two Practical Tools for Strategy Analytics
Prof. Cathal M. Brugha, University College Dublin Centre for Business Analytics

This tutorial will show participants how to use two practical tools for Strategy Analytics. The first, the Priority Pointing Procedure (PPP), helps organizations to identify a new strategy. The second, the Direct-Interactive Structured-Criteria (DISC) Multi-Criteria Decision-Making (MCDM) System helps decision-makers to make choices between alternative courses of action. This will be illustrated using cases from multiple industries, as well as in applications from China and Africa.

Professor Cathal M. Brugha, is Director of the Centre for Business Analytics in the School of Business, University College Dublin. He has a BSc and MSc in Mathematical Science from UCD, an MBA from TCD, and a PhD in Combinatorial Optimisation from UCD. As President of the Analyics Society (formerly the Management Science Society) of Ireland since 1992 he has represented Ireland annually at council meetings of the European Association of Operational Research Societies (EURO) and the International Federation of Operational Research Societies (IFORS). He was Editor of the IFORS Journal, International Transactions in Operational Research from 2000 to 2006.

He is a Fellow of the Marketing Institute of Ireland, and was for many years Chair / Member of the Institute’s Education Committee, and an Extern Examiner.

His main theoretical research is in Nomology, the study of the decision processes of the mind, the structures or “covering laws” that frame people’s thinking and provide commonalities between different fields and cultures. He is currently testing these structures through empirical surveys of business relationships and inter-cultural trust between China and Ireland. His applied work is focused on generic decision methodologies and on multi-criteria measurement www.mcdm.com.

He is a member of international societies and working groups for European and Global conferences since 1992 including: Multi-Criteria Decision-Making, and Complex Societal Problems, and has participated in East-West conferences since 1998 including Knowledge and Systems Science, the International Society for Systems Science, Meta-Synthesis and Complex Systems.

He has been a Visiting Professor at the China Academy of Science in Beijing in 2006 and Xidian University, Xi’an in 2009. He is carrying out research in China with Professors Rong Du and Shizhong Ai of Xidian University, Xi’an, who spent 2007 researching with him in UCD Business School, funded by the Chinese Scholarship Council.

He is also doing research into Irish Business in China with Dr. Liming Wang and Dr Lan Li of UCD’s Institute for Chinese Studies and Confucius Institute. Together they have recently published a book: “Doing Business in China: The Irish Experience”. http://www.blackhallpublishing.com/index.php/doing-business-in-china-the-irish-experience.html

Email: cathal.brugha@ucd.ie
Web: http://mis.ucd.ie/staff/cbrugha

Click here to download Tutorial Brochure
Important Dates
November 24, 2012
December 08, 2012 (extended)
August 17, 2012
September 14, 2012 (extended)
October 12, 2012
November 17, 2012

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