The course provides an Introduction to Operations Management (OM) with a focus on manufacturing industries but also including examples from service industries. The basics of Process- and Inventory Management as well as Supply Chain Planning are introduced.  The following topics are covered.

• Operations Management and Process Analysis
• Capacity Management
• Inventory Management
  • EOQ model
  • Newsvendor model
  • Multi-period inventory control

The content will be mainly discussed based on the selected chapters from "Cachon , G. and Terwiesch , C. (2020) Operations Management. McGrawHill , 2nd edition".

After successful completion of this class, students will be able to

• understand basic principles of process and capacity management,
• analyze basic inventory control  problems and apply appropriate control policies,

Attendance of at least 80% of the classes is necessary to fulfill the requirements; no more than one session may be missed.

Note that if a student does not attend the first session of a PI course without giving prior notice of his/her absence, he/she will be unsubscribed from the course.

Lectures, case examples, homework and in-class assignments

The final mark is composed of:

• Homework assignment (group work), 25%
• In-class assignment (individual) 15%
• Exam (individual) 60%

We require that at least 50% are reached from each of the individual parts (in-class assignments and exam), and at least 60% is reached in total.

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