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Operations Management

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Operations Management

Issues

ELECTIVE- OPERATIONS MANAGEMENT

Subjects:-

 Operations Research- Paper 1st

 Logistics Management- Paper 2nd

 Curriculum of Operations Research- Paper 1st (IBM-1011)

S.No.

Topics

 1

Mathematical Model:- Mathematics – Mathematics – The Language of Modeling, Building a Mathematical Model, Verifying and Refining a Model, Variables and Parameters, Continuous-in Time vs Direct-in Time Models, Deterministic Model Example, Probabilistic Models

2

Linear ProgrammingGraphical Method:- Essentials of Linear Programming Model, Properties of Linear Programming Model, Formulation f Linear Programming, General Linear Programming Model, Maximization and Minimization Models, Graphical Method, Unbounded LP Problem

3

Linear Programming: Simplex Method:- Additional Variables Used in Solving LPP, Maximization Case, Solving LP Problems using Computer With TORA, Minimization LP Problems, Big M Method, Degeneracy in LP Problems, Unbounded Solutions in LPP, Multiple Solutions in LPP, Duality in LPP Problems, Sensitivity Analysis.

4

Transportation Model:- Mathematical Formulation, Network Representation of Transportation Model, General Representation of Transportation Model, Use of Linear Programming to Solve Transportation Problem, Formulation of LP Model, Solving Transportation Problem using Computer, Balanced Transportation Problem, Unbalanced Transportation Problem, Procedure to Solve Transportation Problem, Maximization Transportation Problem, Prohibited Routes Problem, Transshipment Problem.

5

Network Model:- Development of Project Network, Obtaining Time Estimates, Critical Path, PERT/CPM Network Components, Errors to be Avoided in Constructing A Network, Rules in Constructing a Network, Procedure for Numbering the Events Using Fulkerson’s Rule, Critical Path Analysis, Determination Of Float and Slack Times, Solving CPM Problems Using Computer, Project Evaluation Review Technique (PERT), Solving PERT Problems Using Computer, Cost Analysis

6

Waiting Model (Queuing Theory):- Queuing Systems, Characteristics of Queuing System, Poisson and Exponential Distributions, Symbols and Notations, Single Server Queuing Model, Solving The Problem using Computer with TORA

7

Inventory Models:- Need of Inventory Control, Advantages of Material Controls, Essential Factors of Material Control, ABC Analysis Technique, Process of Inventory Control, Economic Order Quantity (EOQ) Model, EOQ Model Under Organizational Constraints, Sensitivity Analysis, EOQ In Case of Batch Production, Minimum Stock Level, Maximum Stock Level, Ordering Level or Re-Order Level, Average Stock Level, Danger Level

8

Game Theory:- Two-Person Zero-Sum Game, Pure Strategies: Game with Saddle Point, Mixed Strategies:  Games without Saddle Point, Dominance Property, Solving Problem on the Computer TORA, Solving LP Model Games Graphically Using Computer

9

Simulation:- Advantages and Disadvantages of Simulation, Monte Carlo Simulation, Simulation of Demand Forecasting Problems, Simulation of Queuing Problems, Simulation of Inventory Problems

 

 

 

Curriculum of Logistics Management- Paper 2nd(IBM-1012)

S.No.

Topics

 1

Logistics:- Definition of Logistics, Concept of Logistics, Importance of Logistics, Customer Service Defined, Logistics and Consumer Satisfaction

2

Logistical Mission and Strategic Issues:- The Organizational Planning Process, Evaluation and Selection of Channel Members, Integrating Strategic Planning for Logistics and Supply Chain Management Functions, Strategic Planning: Introduction, Definition and Segments, Strategy Implementation, Importance of Corporate Strategy, Relationship Between Logistics Strategy and Corporate Strategy

3

Significance of Logistics:- Significance of Logistics, Logistical Competitive Advantages, Logistics Management Approach, Logistics Management Perspective

4

Components and Functions of Logistics Management:-Components of Logistics Management, Functions of Logistics Management

5

Distribution Planning and Inventory Management:- Physical Distribution, Concept of Inventory Management, Inventory Management System, Constraints to Inventory Planning, Types of Inventory, Inventory and Customer Service

6

Functions of Inventory:-Functions of an Inventory, Geographical Specialization, Balancing Supply and Demand, Terms Associated with Inventory Management, Planning the Inventory Resource, Discrete Lot Sizing, Components of Inventory, Elements of Inventory Costs

7

Transportation and Logistics:- Transportation Functionality and Principles, Transportation Economics Concepts, Players of Transportation Transactions, Transport Economics, Total Transportation Costs

8

Warehousing and Store Management:-Evolution of The Concept of Warehousing, Importance and Benefits of Warehousing, Warehouse Operating Principles, Developing the Warehouse Resource, Managing Warehouse Resources, Types of Warehouses, Characteristics of Ideal Warehouse, Functions of Warehousing, Advantages of Warehousing

9

Packaging and Material Handling:- Concept of Packaging, Functions of Packaging, Packaging Materials and Kinds of Packaging

10

Forms of Packaging:- Protective Packaging Problems, Principles of Material Handling, Equipment Used in Material Handing

11

Order Processing:- Basic Handling Considerations, Handling Equipment, Store is Mechanization with Material Handling Equipments, Traditional Material Handling Equipments, Functions of Order Processing

12

Location Analysis:- Classification of Location Decision Problems, Solution Approach, Location Decision Model

13

Logistics Cost:- Concepts of Logistics Costs, Logistics Information Costs

14

Logistics Information System:- Logistics Information System, Principles of Logistics Information, Logistics Information System Architecture, Logistics Information System Flow

15

Containerization And Multimodal Transport:- Transportation Modes, What is a Container?, Multimodal Transport – Advantages, Features of Multimodal Transport System, Transport Network System, Advanced System in Container Management, Sea Freight Container Details – Customs Connection, Multimodal Transport in International Trade, Maritime Frauds

16

Logistics Organization:- Evolutionary Trends in Logistics Organization, Logistics Organizational Thinking, Basic Organizational Principles, Factors Influencing the Organizational Structure