Excerpt from course description

Operations Management

Introduction

Operations management and logistics require a good knowledge of both methods and concepts for optimizing cost and service level. In this course, through learning predictive and prescriptive methods and models, students will learn about operational decisions in logistics and their impacts.
The emphasis will be on various methods for optimising supply chains, and how they can be implemented in the real world.

Course content

  • Introduction to operations management and optimization
  • Understanding the supply process and capacity evaluation process
  • Estimating and reducing labour cost:
    • A process perspective
    • Batching and flow interruptions:
    • Optimising the flow through a supply chain:
  • Forecasting
    • Requirements of forecasting
    • Static forcasting
    • Adaptive forecasting
  • Cycle stock
    • Inventory management with multiple products.
    • Discount schemes
    • Joint optimisation for supplier and customer
  • Safety stock
  • Optimal service levels
  • Aggregate planning
  • Pricing and revenue management

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.