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IE503 Syllabus

This document provides information about the IE 502 Probabilistic Models class including: - Class timings are Tuesdays and Fridays from 2-3:30pm in room LC 002 from July to November 2016. - The instructor is Jayendran Venkateswaran and the course website is listed. - The aim of the course is to familiarize students with supply chain systems and equip them with techniques to model operational issues. - Topics include process flows, production planning, inventory, forecasting, quality control, and supply chains. - Recommended textbooks and a novel called "The Goal" are listed. Simulation games may also be used. - Grading is based on

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Naman Kasliwal
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69 views

IE503 Syllabus

This document provides information about the IE 502 Probabilistic Models class including: - Class timings are Tuesdays and Fridays from 2-3:30pm in room LC 002 from July to November 2016. - The instructor is Jayendran Venkateswaran and the course website is listed. - The aim of the course is to familiarize students with supply chain systems and equip them with techniques to model operational issues. - Topics include process flows, production planning, inventory, forecasting, quality control, and supply chains. - Recommended textbooks and a novel called "The Goal" are listed. Simulation games may also be used. - Grading is based on

Uploaded by

Naman Kasliwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as ODT, PDF, TXT or read online on Scribd
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IE 502 Probabilistic Models

Class Timings: Slot 10 (Tue & Fri 1400 1530)

Jul-Nov 2016
Room: LC 002

Instructor

Jayendran Venkateswaran, 7533, [email protected]

Course website

http://moodle.iitb.ac.in
Check the course websites regularly. Website will be used for posting class
notes, homework, and other general announcements

Teaching Assistants To Be Announced


Course Introduction
The aim of the course is to familiarize students with supply chain system and issues therein; and
equip with techniques to model some specific operational issues in such systems.
Part 1: Stages of manufacturing supply chain and value addition. Concepts of supply, storage,
production, warehousing and transport. Supply chain terminology. Structure of supply chains,
decisions and decision levels in supply chain. Overview of supply chain operations & costs: location,
procurement, production, inventory, transportation, and information technology. Material flow
systems: push, pull, flow shop, job shop, cell, etc.
Part 2: Quantitative models in supply chain systems including forecasting, production planning,
scheduling and inventory models. Basic forecasting models. Product structure representation. Bill of
materials. Material accounting logic and MRP systems. Scheduling and sequencing of parts:
single/two machine. Notion of quality & quality control. Quality and yield of manufacturing
processes. Inventory models: EOQ, periodic review, continuous review. Introduction to procurement
and distribution models. Transport & logistics costs. Project management techniques: CPM & PERT
Course Topics (tentative)
Process Flows & Shop Floor
Production Planning
Inventory

Forecasting
Quality Control
Supply Chains, etc

Textbook/ References
Steven Nahmias (2009) Production and Operations Analysis, 6th ed, McGraw Hill.
W. Hopp and M. Spearman (2000) Factory Physics, 3rd ed., Tata-McGraw Hill.
Other sources will be announced, as needed.
Novel You need to read this book. It will take time, so start now.
The Goal: A process of ongoing improvement, by Eliyahu M. Goldratt and Jeff Cox.
First published in 1984, with the latest edition in 2014.
Simulation Games (tentative)
We will try to understand the concepts better using games.
Grading scheme (tentative)
Assignments/ Participation 10%
Quizzes
25%
Midterm Exam
25%
Final Exam
40%
Note: Audit students need to have sufficient performance so as to get at least a CC grade to get
Audit grade.
Cheating, copying and plagiarism is NOT allowed in assignments, quizzes, exams etc.
Detection of such practices will result in the appropriate penalties as prescribed by the
Institute.
Please make sure that whatever you submit under your name is your own work.
Attendance is compulsory to clear the course, as per the Institute rules.

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