Course syllabus

Styrning av produktionssystem och materialflöden
Management of Production and Inventory Systems

MION01, 7,5 credits, A (Second Cycle)

Valid for: 2012/13
Decided by: Education Board 3
Date of Decision: 2012-04-25

General Information

Elective for: I4, I4-lp, I4-pr, I4-mf, M4-lp
Language of instruction: The course will be given in English

Aim

The course aims to deepen the students’ knowledge and understanding of methods for management of production and inventory systems, both from a theoretical and applied perspective. An important aspect is to enhance the students’ ability to structure and manage complex tasks, processes and assignments in the form of projects.

Learning outcomes

Knowledge and understanding
For a passing grade the student must

This means that the student is required to:

 

Competences and skills
For a passing grade the student must

have the skills and abilities to independently formulate, solve, and use relevant quantitative models for analysis and control. Concrete areas and model types that the student should master include:

 

Moreover, the student must be able to use established terms and concepts to clearly communicate problem formulation and interpretation of quantitative production and inventory models. After completing the course, the student should be able to independently read and understand literature in the field and complement his/her knowledge as required.

For a passing grade, the student must also show ability to solve investigative project assignments. This involves skills and abilities in framing and solving unstructured problems. Important aspects are problem formulation, identifying project objectives, choose appropriate methods, and performing in depth analysis. Furthermore, reporting project results requires skills in oral and written presentation techniques.

Contents

The course focuses on advanced methods for production and inventory management, particularly advanced quantitative methods for management of single- and multi-echelon production and inventory systems.

The goal is to deepen and expand the students’ knowledge in quantitative modelling of production and inventory systems both from a theoretical and applied perspective. The starting point for the content treated in the course is the theories and methods studied in the course MIO030 Production and Inventory Control. We discuss challenges associated with applying quantitative models in practice, for example, when it comes to determining cost parameters, control variables and distribution fitting.

Examination details

Grading scale: TH
Assessment: Take home exams/assignments. The examination is designed to assess the students’ ability to independently solve loosely structured problems typically found in a production-inventory environment. An important aspect is for the students to clearly communicate the results and how the problems are solved, both orally, in well structured presentations, and in writing by producing well structured technical reports.

Admission

Admission requirements:

Required prior knowledge: MIO310 Operations Research Basic Course, MIO040 Managerial Economics Advanced Course.
The number of participants is limited to: No
The course overlaps following course/s: MIO331

Reading list

Contact and other information

Course coordinator: Professor Johan Marklund, johan.marklund@iml.lth.se
Course homepage: http://www.pm.lth.se/Education