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Advanced Operations Management

This document provides information on the course "IELM-6103 - Advanced Operations Management". The 3 credit course aims to teach advanced concepts in operations management, forecasting techniques, inventory management, capacity planning, and production control systems. Students will learn theories and practices to apply these operations management concepts in modern industries. The course consists of 5 chapters covering production management, forecasting, inventory management, planning activities, and production control activities. Student assessment includes a midterm, assignments, and final exam.

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Noha Sisay
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64 views2 pages

Advanced Operations Management

This document provides information on the course "IELM-6103 - Advanced Operations Management". The 3 credit course aims to teach advanced concepts in operations management, forecasting techniques, inventory management, capacity planning, and production control systems. Students will learn theories and practices to apply these operations management concepts in modern industries. The course consists of 5 chapters covering production management, forecasting, inventory management, planning activities, and production control activities. Student assessment includes a midterm, assignments, and final exam.

Uploaded by

Noha Sisay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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IELM-6103- Advanced Operations Management

Course Number IELM-6103

Course Title Advanced Operations Management

Degree Program M. Sc. in Industrial Engineering and Logistics Management

ECTS Credits 3 Credit Points

Lecture Tutorial Practice or Laboratory


Time Distribution (in Hr.)
2 0 3

 To learn the basic concepts of operations management,


operation strategy, technological innovations.
 To learn the advanced theory and practices of forecasting
Course Objectives
techniques and inventory management
 To study the application capacity planning and production
control systems

 The student will able to practice the various concepts of


Course Outcome Operations Management which will be useful in modern
industries

Course CHAPTER INTRODUCTION


Description/Course
Production Management – Input-output model, objectives, Trends
Contents
and challenges, value chains, operations strategy, Technological
Innovations in Manufacturing, Corporate strategic choices, Process
planning and selection.

CHAPTERV II FORECASTING

Need for forecasting, the forecasting process, Forecasting


methods- qualitative methods, Quantitative models-Time series
forecasting models, moving averages, exponential smoothing with
trend and seasonal adjustment, multi-item forecasting, Simple and
multiple linear regression models, monitoring and controlling
forecasts.

CHAPTER III INVENTORY MANAGEMENT


Types of inventory, Inventory classification methods, Inventory
costs Inventory models- deterministic models, probabilistic
models - safety stock and reorder points – Inventory control
systems.

CHAPTER IV PLANNING ACTIVITIES

Capacity planning- short term and long-term capacity, capacity of


facilities, break even capacity, use of decision trees, aggregate
production planning - strategies, methods, Master Production
Schedule, MRP- lot sizing, MRP II, CRP, ERP.

CHAPTER V PRODUCTION CONTROL ACTIVITIES

Production Activity Control, Just-in-time systems, Scheduling in


Manufacturing, Theory of constraints and synchronous
manufacturing.

Pre-requisites NA

Semester Year 1, Semester I

Mid Term Examination: 25% (Chapter I & II)


Assessment/Evaluation &
Assignments/Project/Presentation: 30 %
Grading System
Final Exam: 45 % (Chapter III, IV & V)

A student must attend 75 % of the lectures and 100 % of the


Attendance Requirements
laboratory exercises

1. Seetharama L.Narasimhan, Dennis W.McLeavey, Peter


J.Billington,“Production Planning and Inventory Control” ,
PHI, 2002.
2. Panneerselvam,R. Production and operations management,
References PHI, 2010.
3. Lee J.Krajewski, Larry P.Ritzman, “Operations
Management”, Pearson Education, 2006.
4. Mahadevan,B. Operations- Theory & Practice, Pearson
Education, 2007

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