Syllabus

Title
2226 Advanced Methods and Tools in Supply Chain Analytics 1 (AMT 1)
Instructors
Dr. Martin Waitz, Univ.Prof.i.R. Dipl.-Ing.Dr. Werner Jammernegg, Assoz.Prof PD Lena Silbermayr, Ph.D.
Contact details
martin.waitz@wu.ac.at; lena.silbermayr@wu.ac.at; werner.jammernegg@wu.ac.at
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/27/22 to 09/27/22
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Course I - Advanced Methods and Tools in Supply Chain Analytics
Dates
Day Date Time Room
Wednesday 10/05/22 01:00 PM - 05:00 PM D2.0.030
Wednesday 10/12/22 01:00 PM - 05:00 PM D2.0.030
Wednesday 10/19/22 01:00 PM - 05:00 PM D2.0.030
Wednesday 11/02/22 01:00 PM - 05:00 PM D2.0.030
Wednesday 11/09/22 01:00 PM - 05:00 PM D2.0.030
Wednesday 11/16/22 01:00 PM - 05:00 PM D2.0.030
Wednesday 11/23/22 01:30 PM - 05:00 PM EA.6.026

On this page:

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Contents

The course provides the basics of behavioral operation mangament with applications to different supply chain management problems. The topics to be covered include:

  • cognitive biases in decision making and incorporation of biases into supply chain models
  • descriptive vs. prescriptive decisions: newsvendor model with behavioral factors; newsvendor models with risk preferences (expected utility, Value-at-Risk  (VaR), Conditional VaR (CVaR))
  • designing, conducting and analyzing laboratory experiments
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Learning outcomes

Students will become familiar with cognitive biases influencing decision making and behavioral operation management models that are able to predict those biases. Further, students get familiar with controlled laboraory experiments for testing analytical models. 

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Attendance requirements

Attendance is required in all sessions. Absence in one session is tolerated if a reasonable excuse is given before the session. 

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Teaching/learning method(s)
  • Lectures with discussions
  • Literature review and case studies
  • Cognitive tests and experiments
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Assessment

InClass Assignents (40 % Individual work)

InClass Presentations and Discussion (20 %  Group work)

Homework Assignments (15% Indivdual work, 25% Group work)

Grading scale:

(1) Excellent: 90% - 100%

(2) Good: 80% - <90%

(3) Satisfactory: 70% - <80%

(4) Sufficient: 60% - <70%

(5) Fail: <60%

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Readings
1 Author: Katok, E., Leider, S., & Donohue, K.
Title:

Handbook of Behavioral Operations

Publisher: Wiley
Year: 2019
Last edited: 2022-08-17



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