Coursebooks

Operations: economics & strategy

MGT-528

Lecturer(s) :

Weber Thomas Alois

Language:

English

Summary

Supply-chain management within a firm is concerned with the flow of goods and services from firms to consumers. This course provides an overview of the economic drivers and technological possibilities for designing a successful supply-chain strategy, especially in view of information flows.

Content

Readings and cases are used to discuss the following topics:

1. Origin and Scope of Supply-Chain Management

2. Supply-Chain Coordination

3. Strategic/Tactical/Operational Decisions

4. Performance Metrics

5. Inventory Management: Basics

6. Dealing with Risk

7. Information Sharing and Enabling Information Technologies

8. Cooperation and Relational Contracts

9. Sourcing Decisions and Contracting

10. Recent & Special Issues

Keywords

Economic Models, Operations, Strategic Management

Learning Prerequisites

Important concepts to start the course

Basic calculus & economics & statistics

Learning Outcomes

By the end of the course, the student must be able to:

• Realize strategic significance of operational decisions
• Create a dynamic strategic plan
• Develop structural insights
• Solve basic quantitative models
• Construct performance metrics
• Optimize operational decisions in the presence of uncertainty and competition
• Transpose concepts to concrete application (project)

Transversal skills

• Set objectives and design an action plan to reach those objectives.
• Use a work methodology appropriate to the task.
• Communicate effectively with professionals from other disciplines.
• Assess one's own level of skill acquisition, and plan their on-going learning goals.
• Collect data.
• Make an oral presentation.
• Write a scientific or technical report.
• Access and evaluate appropriate sources of information.

Assessment methods

Continuous assessment combining:

20% Homework
40% Team project
40% Take-home exam (during the official winter exam session)

Resources

Bibliography

Reading bulkpack

Websites

• http://econspace.net/MGT-528.html