In this 6 hours workshop for one group every day, students learnt about financial planning by playing an ONLINE simulation game and attending some classroom sessions. In Finance GYM game which is an online interactive game, students created and managed a virtual portfolio with real investment products to achieve the financial goals they had been given. By playing this game, they learnt the basics of financial planning, including basic financial terminology, setting financial goals, asset allocation strategy, pros and cons of different financial products, and tax planning.

The classroom activities and sessions covered Goal-based financial planning, Asset allocation and diversification, Purpose of different types of financial products – stocks, bonds, mutual funds, insurance, etc. in an investment portfolio, Analyzing a mutual fund factsheet and evaluating Debt and Equity Mutual Funds, Practical aspects of buying life insurance, Tax planning. All winners were declared at the end of program and felicitated. Event was coordinated by Dr Lalit Kumar Sharma.

It was a great learning experience to all participants.

The workshop was conducted by ACC Ltd. in collaboration with Praxis EL Training & Consulting Pvt. Ltd. At the beginning of workshop, Dr. Ajay Kumar, Director Management, I.T.S. Mohan Nagar Ghaziabad extended a floral welcome to Mr. Sharad Verma, Director, ACC Ltd. and  Dignitaries from ACC Ltd. and Praxis EL Training & Consulting Pvt. Ltd. The workshop was conducted by Mr. Kumar Abhishek, Director, Praxis EL Training & Consulting Pvt. Ltd. The workshop was divided into two parts, in the first part Mr. Kumar Abhishek gave a deep insight about current scenario of employ-ability and its various causes. He focused upon “Self Analysis” and its awareness to students in which he practically conducted psychometric profiling of students. The workshop enriched students with learning outcomes related to employ-ability and their own psychometric profiling.

The second part of the workshop was about One to one counseling session with students to discuss their psychometric profile and enhance their employ-ability skills. The workshop ended with a note of gratitude to Guests and Resource Person.

This was an excellent Program designed and coordinated by Dr. J. K. Jha, Assistant Professor, Department of Industrial and Systems Engineering, Indian Institute of Technology, Kharagpur and Dr. Jitesh J. Thakkar, Associate Professor, Department of Industrial and Systems Engineering, Indian Institute of Technology, Kharagpur. In today’s business environment, organizations and managers are looking for structured, logical and evidence-based decision making due to unparalleled growth of businesses. Consequently, industrial and academic research facilities need to apply rigorous analytical methods to business decision problems for systematic ways of managing the organization.

The purpose of the five-day short-term course on Quantitative Decision Modeling was to equip participants with the advanced analytical tools and background needed to analyze and solve business decision problems.

These are the some of the major learning outcomes:
• Introduction to Quantitative Approach of Decision Making
• Modeling with Linear Programming and Graphical Solution Approach
• Simplex Method and Special Cases
• Revised Simplex Method
• Theory of Duality, Sensitivity Analysis and Post Optimality
• Transportation Problem and Its Variants, Integer Programming
• Assignment Problem
• Integer Programming
• Queuing Theory
• Heuristic Methods in Operations Research
• Hands on exercise using CIPLEX /EXCEL