IE 503: Operations Analysis
Prerequisite: Instructor's permission
The aim of the course is to familiarize students with supply chain system and issues therein; and equip with techniques to model some specific operational issues in such systems.
Part 1: Stages of manufacturing supply chain and value addition. Concepts of supply, storage, production, warehousing and transport. Supply chain terminology. Structure of supply chains, decisions and decision levels in supply chain. Overview of supply chain operations & costs: location, procurement, production, inventory, transportation, and information technology. Material flow systems: push, pull, flow shop, job shop, cell, etc.
Part 2: Quantitative models in supply chain systems including forecasting, production planning, scheduling and inventory models. Basic forecasting models. Product structure representation. Bill of materials. Material accounting logic and MRP systems. Scheduling and sequencing of parts: single/two machine. Notion of quality & quality control. Quality and yield of manufacturing processes. Inventory models: EOQ, periodic review, continuous review. Introduction to procurement and distribution models. Transport & logistics costs. Project management techniques: CPM and PERT.
- Steven Nahmias (2004) Production and Operations Analysis, 5th edition, McGraw-Hill.
- W. Hopp and M. Spearman (2000) Factory Physics, 3rd edition, McGraw-Hill.
- Sunil Chopra and Peter Meindl (2006) Supply Chain Management, 3rd edition, Pearson Education India.
- Joseph S. Martinich (2000) Production and Operations Management: An Applied Modern Approach, John Wiley & Sons