Postgraduate

Modules

Modules

NBS8339 : Optimisation Models for Supply Chain and Operations Management (Inactive)

Semesters
Semester 1 Credit Value: 10
ECTS Credits: 5.0

Aims

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.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture181:0018:00N/A
Guided Independent StudyAssessment preparation and completion132:0032:00N/A
Guided Independent StudyIndependent study150:0050:00N/A
Total100:00
Teaching Rationale And Relationship

Lectures introduce theoretical issues as well as practical issues and cases relating to supply chain management.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Essay1M1002,000 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.

Reading Lists

Timetable