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Operations Analysis and Control

The course is intended to highlight the evolution of concepts and methods relating to operations management. It puts the operations planning and control system into perspective and provides a framework for its exploration. We are primarily concerned with analyzing and controlling all aspects of manufacturing, including managing materials and parts, constructing production systems, scheduling machines and people, and coordinating suppliers and key customers. Starting with basics, we will progress to strongly quantitative oriented approaches. Students will be presented with a variety of applications through examples and cases analyses. In order to solve these complex problems, advanced methodologies in Operations Research and Management Science, such as integer programming, optimization algorithms, and iterative computations, will be introduced. A reasonable proficiency in mathematics is therefore prerequisite for this courseSupply chain management, operations research.
Course code
QUANT504
Course type
MSc Course
Weekly Hours
2,5
ECTS
5
Term
FS 2022
Language
Lecturers
Prof. Dr. Liji Shen
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.

This course aims to gain a transdisciplinary and integrated view of supply chain-related decision problems. It focuses on the design and analysis of operations encountered in manufacturing and service industries. Students will explore key elements in Operations Management including plant location, facility layout, inventory, as well as production planning and control.

Accompanied by a simulation game, students will be able to manage their own supply chain which resembles real-life setting. It helps to apply and extend the various approaches discussed in the course, as well as to understand their limitations.



Table of contents:



1. Introduction

2. Forecasting in supply and inventory context

3. Comprehensive resource planning systems

4. Master production scheduling

5. Advanced dynamic control models

6. Aggregate operations planning with mutuality in buyer/seller relationships

1. Flexible application of various approaches

2. Profound understanding in operations management and supply chain

3. Accurate assessment of system performance

R.S. Russell and B.W. Taylor: Operations and Supply Chain Management; Wiley J.H. Heizer and B. Render: Principles Of OperationsManagement / sustainability and supply chain management; PearsonS. Nahmias: Production and Operations Analysis; McGraw-HillS. Axäter: Inventory Control, International Series in Operations Research & Management Science; SpringerS. Webster:Principles and tools for supply chain management, McGraw-Hill
Case study, simulation, homework/report
150
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