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

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies:

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 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
Training Materials	:	Only soft copy materials will be issued
Training Methodology	:	80% theory, 20% practical
Training Program	:	4 hours per day, from 09:30 to 13:30