Course Description

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using the ?MS Excel? applications. This course is designed to provide participants with a complete and up-to-date overview of the principles of operations planning. It covers the concepts of operational profitability including gross plant margin, net plant margin and contribution margin; the process plant configuration covering reactors, separators, product handling system, QA/QC system, feedstock and packing/packaging; the planning objectives that includes production plans, selecting feedstock, feasibility, optimality, optimal product mix, marginal economics, investment opportunities and planning versus scheduling; the various planning tools; the blending methods and process models; and the modeling tools covering simple stock balances (spreadsheet), linear programming (LP?s), non-linear programming (NLP?s), distributed error recursion and integer programming. Further, the course will also cover the various model types pertaining to mixing, multi-product and distribution, single product and time period; the product qualities; the product pricing; the practical plant modeling; the market dynamics covering the supply and demand vise as well as global versus local markets; managing risk using term contracts, hedging and risk versus reward; and the performance measures for benchmark margin analysis, model validation and back-casting link to course overview PDF

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies as a percentage of the total tuition hours

30 % Lectures
20 % Workshops & Work Presentations
20 % Case Studies & Practical Exercises
30 % Videos, Software & Simulators

In an unlikely event, the course instructor may modify the above training methodology before or during the course for technical reasons.

VIRTUAL TRAINING (IF APPLICABLE)

If this course is delivered online as a Virtual Training, the following limitations will be applicable

Certificates	:	Only soft copy certificates will be issued to participants through Haward’s Portal. This includes Wallet Card Certificates if applicable
Training Materials	:	Only soft copy Training Materials (PDF format) will be issued to participant through the Virtual Training Platform
Training Methodology	:	80% of the program will be theory and 20% will be practical sessions, exercises, case studies, simulators or videos
Training Program	:	The training will be for 4 hours per day starting at 09:30 and ending at 13:30
H-STK Smart Training Kit	:	Not Applicable
Hands-on Practical Workshops	:	Not Applicable
Site Visit	:	Not Applicable
Simulators	:	Only software simulators will be used in the virtual courses. Hardware simulators are not applicable and will not be used in Virtual Training