(SEMESTER 1 AY 2018)
The operations function in an organization is responsible for the design and management of
systems concerned with the production of goods and services. Operations account for a
significant percentage of the value added and cost in any business. With increased
competition, firms face constant pressure to deliver timely and high quality product and services.
Leading edge companies have met these challenges by enhancing their competitiveness in
business operations. Even a small advantage in operations can be the difference between
winners & losers in a competitive marketplace.
The main objectives of this broad spectrum course are i) to gain an appreciation of the
Operations function and ii) to understand the fundamental concepts and techniques necessary
for designing, managing and improving operations and processes in both manufacturing and
service industries. Analyzing and continuously improving enterprise wide processes is
critically important for achieving world class performance in business operations. Hence the
course will adopt a "process management" viewpoint while addressing a variety of strategic
and tactical issues. Topics covered in the course include Operations Strategy, Process
Analysis & Improvement, Quality Management, Applications of Linear Programming in
Operations, Inventory Management and Supply Chain Management.
The course will use a mix of lectures, case studies, and problem solving exercises, to introduce
the students to the latest tools, techniques, issues and strategies in operations management.
COURSE SCHEDULE
1
forecasting method”
excluded)
Inventory and supply chain management
10 Inventory Management 2: Newsvendor Model Cachon : Chap. 13
(omit 13.5)
11 Quiz #2 + Supply Chain Management Class Notes
COURSE ASSESSMENT
Class Participation : 10%
Group Assignment1 : 20%
Quizes : 20%
Final examination : 50%
Total 100%
COURSE MATERIALS
Most of the assigned reading materials and class notes will be provided online on NTULearn
(http://ntulearn.ntu.edu.sg). The main textbooks for the course are:
1. Operations Management, 1st Edition by Gerard Cachon and Christian Terwiesch, 2017,
McGraw-Hill, ISBN: 978-1-259-25544-1
2. Introduction to Management Science, 5th Edition by Frederick Hillier and Mark Hillier
(available as a digital version with the main text).
4. The course will use components of Technology Enabled Learning from McGraw-Hill
Connect’s Learn Smart modules associated with the text Operations Management by
Cachon and Terwiesch. This e-tool facilitates students’ learning at their own pace,
both prior to and after the seminar. Prior to the seminar, the students are introduced to
the concepts covered in the seminar. After the seminar, the students assimilate
concepts at a deeper level and sharpen their analytical toolkit by doing quantitative
exercises.
1
Group assignment must be submitted thru Turnitin and will be checked for plagiarism.
2
ASSESSMENT PLAN (As per AACSB Assurance of Learning (AOL) Requirement)
Learning Assessment
Course Learning Objective
Goal Method/Rubric
Students should gain knowledge of fundamental
Acquiring
concepts and techniques necessary for designing Quiz, Final
knowledge
and managing business operations and knowledge Examination
(AK)
of current issues and strategies for managing global
business operations.
Problem Students should be able to develop analytical
Solving and thinking, problem solving skills, and decision
Group
Decision making skills and apply these to real life situations
Assignment
Making
(PSDM)
ASSESSMENT METHODS
1. Final Examination
Course Learning
Learning Goal Assessment Method
Objective
Students should gain Examination/Quiz
knowledge of fundamental The examination/quiz contains
concepts and techniques questions that
necessary for designing and i) test application of fundamental
managing business concepts and analysis techniques
operations and knowledge to specific problems in operations
of current issues and ii) test deeper problem solving and
strategies for managing analytical thinking skills through
Acquiring
global business operations. more challenging analytical
knowledge(AK)
questions and
iii) test understanding of current
issues and strategies for
managing global operations
through essay-type as well as
open ended managerial questions
posed in a particular, practical
operations context.
3
(To assess AK )
2. Group Assignment
4
Assessment Rubric for Group Assignment