Production & Operation Analysis (4/2 Credits)

Learning Outcomes:

Use forecasting techniques to forecast demand (e.g. exponential smoothing, regression); Apply aggregate planning models; Use basic deterministic and stochastic for inventory problem solving (e.g. EOQ, (Q,R), (s,S)); Use material requirements planning models including lot sizing for MRP (using Wagner-Whitin and heuristic methods) based on basic capacity planning concept in a manufacturing system; Explain kanban, CONWIP, other pull systems, and the principles of “factory physics,” (how to use formulas for estimating cycle time, WIP and variability levels and its influence); Apply ob shop scheduling methods.

Topics:

1. Production/Operations Management
2. Forecasting
3. Aggregate Planning
4. Inventory Control Subject to Known Demand
5. Inventory Control Subject to Uncertain Demand
6. Supply Chain Management
7. Warehousing System
8. Push and Pull Production Control System: MRP, JIT
9. OperationsScheduling
10. Facilities Layout and Location
11. Reliability and Maintainability.