General description
Operations management refers to the process by which an organization converts inputs (e.g., labor, material, knowledge, equipment) into outputs (goods and services) for both its internal and external markets. In this course, students will understand the functions of operations management and apply techniques to ensure efficient and effective production of goods and services. This course introduces methods and concepts used to support the production and operations management function. The major economic problems of production management discussed in this course, include: inventory model analysis, inventory control, production planning, production scheduling and control, forecasting, aggregate planning, project management, scheduling, MRP & JIT, and recent advances in operations planning and control. We shall focus on the decision problems that confront operations managers. We will discuss commonly occurring application problems such as the development of a manufacturing and service strategy, capacity planning, quality management, and location analysis. For all problems, solution techniques will be presented.