EIN 6336 Production Control Systems

Objective: Build foundation for stochastic analytics required to solve modern production planning & control problems.

Textbook: Production & Operations Analysis, S. Nahmias, 6th ed., 2008.

Topics:

I. Forecasting
General forecasting procedure and mathematical models
Measures of forecasting accuracy
Forecasting stationary time series
Forecasting linear trend series
II. Aggregate production planning
Single period stochastic product mix/blending models
Chance-constrained models
Budget constrained models
Process selection models
III. Capacity planning
Dynamic capacity expansion models with linear trend demand
Dynamic capacity maintenance/equipment replacement models
Dynamic stochastic inventory/production planning models
IV. Inventory control with deterministic demand
Basic EOQ model
EOQ model with positive lead time
Sensitivity analysis for EOQ model
EOQ model with finite production rate
EOQ with quantity discounts (all-units and incremental)
V. Inventory control with stochastic demand
Single period newsboy model
Newsboy model with starting inventory
Newsboy model with infinite horizon, full backordering & lost sales
Discussion of papers
VI. Supply chain design
Shortest route/maximum flow models
Transshipment models
Advanced topics on design of global supply networks
Discussion of papers