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Operation Strategy: Analytical Applications

  • Teacher(s):   S.De Treville  
  • Course given in: English
  • ECTS Credits: 3 credits
  • Schedule: Spring Semester 2018-2019, 2.0h. course (weekly average)
  •  sessions
  • Related programmes:
    Master of Science (MSc) in Management, Orientation Marketing

    Master of Science (MSc) in Management, Orientation Business Analytics

    Maîtrise universitaire ès Sciences en management, Orientation Behaviour, Economics and Evolution

    Master of Science (MSc) in Management, Orientation Strategy, Organization and Leadership

 

Objectives

The objective of this course is to present and gain experience with conceptual models that facilitate transforming operations management into competitive advantage. Building on the quantitative-finance tools learned in Supply-Chain Analytics (taught concurrently), we will analyze the operations and supply chains of case companies to see where competitive advantage lies.

Contents

The course is case based. Cases have been chosen that replicate the decisions that companies are facing with respect to how to organize and develop their operations and supply chains.

References

Recommended:

It's About Time, Suri, Rajan.

Pre-requisites

Students must be taking (or have taken) the course Supply-Chain Analytics. There are no exceptions.

Technical knowledge required:

  • Ability to estimate demand volatility using the peak-to-median or average-to-median approaches
  • Ability to transform a service level into a fill rate for lognormal demand
  • Ability to estimate the change in volatility exposure from a change in lead time
  • Ability to transform an order quantity into multiplicative standard deviations
  • Ability to incorporate a second-order possibility into calculations using option-based costing
  • Familiarity with process analysis
  • Ability to use basic queuing-theory concepts

Evaluation

First attempt

Exam:
Without exam (cf. terms)  
Evaluation:

The grade will be based on case preparation (captured through ForClass) and class participation (measured in part through ForClass) as well as a final project presentation.

Retake

Exam:
Oral 1h00 minutes
Documentation:
Not allowed
Calculator:
Allowed
Evaluation:

A course participant who does not receive a passing grade from work carried out during the semester can sit for an oral examination of 1 hour that will cover all material from the course (both cases and theory).



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