NBS8339 : Optimisation Models for Supply Chain and Operations Management (Inactive)
- Inactive for Year: 2019/20
- Module Leader(s): Professor Jingxin Dong
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
|Semester 1 Credit Value:||10|
The optimisation methods commonly used in operation managements and supply chain management will be introduced in the module. Students will also learn how to conceptualise and develop mathematical models for operations management and supply chain management. Moreover, students will evaluate and critically analyse the literature in operations research and management science. At the end of the study, students are expected to apply optimisation models to solve various problems in operations and supply chain management.
Outline Of Syllabus
1. Optimisation of quadratic function – both analytic method and computer software will be used to solve the optimisation problem of quadratic function with or without constraints. Revenue management issue will be used as example to illustrate the optimisation model.
2. Linear Programming – students will learn how to formulate and solve Linear Programming model, and linearise the common non-linear equations. A variety of examples in Operations and Supply Chain management will be used to introduce the optimisation methods, e.g., network design, job-shop problem, and fleet management.
3. Dynamic programming – Backward and forward recursion, and decision tree analysis. The corresponding examples in operation and supply chain management to introduce the model is outsourcing plan design.
4. Stochastic programming – introduction to two-stage and multiple stage stochastic programming. Facility location problem will be used to introduce the model.
5. Spreadsheet simulation – threshold based inventory control will be used as the example to introduce spreadsheet simulation.
|Scheduled Learning And Teaching Activities||Lecture||18||1:00||18:00||N/A|
|Guided Independent Study||Assessment preparation and completion||1||32:00||32:00||N/A|
|Guided Independent Study||Independent study||1||50:00||50:00||N/A|
Teaching Rationale And Relationship
Lectures introduce theoretical issues as well as practical issues and cases relating to supply chain management.
The format of resits will be determined by the Board of Examiners
|Essay||1||M||100||2,000 word essay|
Assessment Rationale And Relationship
The individual coursework tests acquisition of a clear general knowledge of the subject and the ability to collaborative working on a complex problem, apply quantitative research approaches to solve problems in practice, write clearly and concisely.