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(The following description was used when this course was taught during the Fall 2007 Semester. There will likely be differences in the instructor, textbook, and/or outline the next time the course is taught.)
Instructor: Sila Cetinkaya
Text: S. Nahmias (1997). Production and Operations Analysis (5rd Edition).
Reference:
• Operations Research in Production Planning, Scheduling, and Inventory Control by L. A. Johnson and D. C. Montgomery
• Inventory Management and Production Planning and Scheduling by E. A. Silver, D. F. Pyke, and R. Peterson
• Supply Chain Management by S. Chopra and P. MeindlDescription: Model development for production planning and inventory control; production and inventory models for lot-sizing, dispatching, scheduling, releasing, material requirements planning; inventory and distribution problems in the context of supply chain management.
Objective: Developing a better understanding of production, operations, inventory, and supply-chain management problems, and providing foundations for deterministic and stochastic models/methods needed to solve these problems.
Prerequisites: Optimization, Probability & Stochastic Processes.
Topics:
Production and Operations Strategy (Chapter 1)/ Unconstrained Nonlinear Optimization (Lecture notes), Capacity Planning.
Forecasting (Chapter 2).
- Production Planning/ Aggregate Planning (Chapter 3), Linear Programming (Supplement 1).
- Inventory Control: Known Demand (Chapter 4)/ Economic Order Quantity (EOQ) Model, Production Order Quantity Model, Extensions (Lecture notes), Constrained Nonlinear Programming (Lecture notes), Computation of Implied Backorder Costs: An Application of Constrained Nonlinear Programming (Lecture notes).
- Inventory Control: Uncertain Demand (Chapter 5)/ Probability and Stochastic Processes (A quick review), Single Period Model, ( Q , r ) Model, ( s , S ) Policy, Service Level Constraints, Stochastic Dynamic Models (Lecture notes).
- Material Requirements Planning and Just-in-Time (Chapter 7)/ Wagner-Whitin Model.
- Supply Chain Management and Multi-echelon Inventories (Chapter 6 & Lecture notes)/ Vendor Managed Inventory, Integrated Inventory and Transportation Policies, TPW.
