Introduces decisions related to the design, management, and improvement of activities that create and deliver a firm's products and services. Prerequisites: BSAD 030 with a minimum grade of C-, BSAD 060 with a minimum grade of C-; MATH 019 or MATH 021 with a minimum grade of C-; STAT 141 or STAT 143 with a minimum grade of C-, or PSYS 053 with a minimum grade of C- and PSYS 054 with a minimum grade of C-; Minimum Junior standing; Business Administration, Engineering Management, Computer Science & Information Systems major; Business Administration minor.
Dates: May 22 – June 16, 2023 Prereqs: Math 019 or Math 021 and BSAD 030 and BSAD 060 and STAT 141 or STAT 143 or EC 170 or PSYS 053 & PSYS 054 with a minimum grade of C-.
Course Missions Throughout the semester we learn what Operations Management (OM) is, what activities come under OM and some of the OM fundamental tools and techniques that you can apply in virtually any organizations such as an accounting firm, a financial institution, a consulting firm, the government, the hospitality industry, health related organizations. Furthermore, students should be able to analyze a business organization at a system level and understand how Operations Management interfaces with other functions such as Accounting, Finance, Marketing, Personnel and Management Information Systems. In general, graduating from this course, students obtain necessary skills and knowledge (e.g. analyzing tradeoffs, recognizing opportunities for improvement) to participate in decision-making involving operations issues. We will consider a wide variety of topics starting with process analysis, inventory models and quality control charts developed over 80 years ago to the more recent topics of 1980s and 1990s: total quality management (TQM), lean operations, and supply chain management, 2000s, 2010s and 2020s: Sustainability, Queuing Theory and Service Operations Management; Dynamic Pricing and Revenue Management, Dynamic Pricing in the models of double-sided economy (e.g. Uber’s surge pricing). Course objectives • To provide a working knowledge of the vocabulary of O.M. • To help students develop an ability to design or redesign, improve and/or manage processes using the following type of analysis: What are the components of the process? How to calculate process parameters such as capacities, output, and work-in-process inventories? What are the major opportunities for improving the process? • To familiarize with key issues (cost, quality, delivery, and flexibility) and problems (e.g., variability) facing an operations manager. • To discuss management systems (planning, staffing, quality, etc.) for managing business process. • To analyze business scenarios to specify tradeoffs and information/data needed to make “good” decisions and to propose changes to improve business systems. Detailed and Latest course information Announcements, Detailed Lecture Plan, Lecture Notes, Reading Material, information on Quizzes and Tests, etc. will be posted on the course site of the Black Board. Students are responsible to get information from the course site (on Black Board) in a timely manner. Textbooks There is NO required textbook! I have designed the course using the following reference books and some material of my own. Reference books • F. Robert Jacobs, and Richard B. Chase (2017), Operations and Supply Management, 15th Edition, McGraw-Hill/Irwin. • Gerard Cachon and Christian Terwiesch (2012), Matching Supply with Demand: An Introduction to Operations Management , 3rd Edition, McGraw-Hill/Irwin. • Chopra, S., and Meindl, P. Supply Chain Management: Strategy, Planning, and Operation, 5th or 6th Edition, Prentice Hall. • William Stevenson (2011), Operations Management (Operations and Decision Science), 11th Edition, Business and Economics.
Grading Module Test 1: 20% Module Test 2: 20% Module Test 3: 20% Module Test 4: 20% Quizzes (4): 20% There are 4 tests, one at the end of each Module. We will have one quiz in each module. At the end of semester, I will curve, if necessary, and use standard cutoffs for A, B, and C: 97-100: A+ 93-96.99: A 90-92.99: A- 87-89.99: B+ 83-86.99: B 80-82.99: B- 77-79.99: C+ 73-76.99: C 70-72.99: C- 67-69.99: D+ 63-66.99: D 60-62.99: D- Below 60: F Quizzes/Exam Comments 1. All quizzes and module tests are available in Assignment folder of the course menu on the left. 2. All quizzes and module tests are administered and timed automatically by the Black Board (BB). There are due times and dates for each quiz and module test. 3. The time for each quiz is 10 minutes and for each test is 45 minutes.
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