Supply Chain Management & Logistics

This course surveys operations research models and techniques developed for a variety of problems arising in logistical planning of multi-echelon systems. There is a focus on planning models for production/inventory/distribution strategies in general multi-echelon multi-item systems. Topics include vehicle routing problems, dynamic lot sizing inventory models, stochastic and deterministic multi-echelon inventory systems, the bullwhip effect, pricing models, and integration problems arising in supply chain management. Probability and linear programming experience required.

Course Contents

  • Introduction and overview
  • Single-warehouse, single-product deterministic inventory models: Constant demand, infinite horizon
  • Single-warehouse, single-product deterministic inventory models: Constant demand, finite horizon
  • Single-warehouse, multi-product inventory model
  • Single-warehouse, multi-retailer models
  • Time-varying demand
  • Stochastic inventory models: Newsvendor models
  • Supply contracts
  • Stochastic inventory models: Multi-period, finite horizon
  • Pricing models
  • Guest lecture
  • The bullwhip effect
  • Green logistics
  • Vendor-managed inventory
  • Project presentations