IEORE4000 Operations Management
3 pts. Lect: 3. Probability and Statistics at the level of SIEO W3600 or SIEO W4150, and Deterministic Models at the level of IEOR E3608 or IEOR E4004, or instructor permission. This course provides an introduction to important topics in Production and Operations Management. We introduce quantitative models and solution techniques for a wide variety of production planning and inventory management problems faced by a number of businesses that regularly solve these problems in the face of uncertainties in various critical components such as demand, costs and lead times. We discuss managerial insights from the models to strengthen our understanding of the problems faced by a production and operations manager. This course should appeal to graduate students (MS&E, IE and OR) and undergraduate students (OR:EMS, IE and OR) in the IEOR department, and students with some quantitative background from the Civil Engineering & Engineering Mechanics department. This course cannot be taken by undergraduates without advisor approval.