GRA 6753 Operations 1

GRA 6753 Operations 1

Course code: 
GRA 6753
Department: 
Accounting and Operations Management
Credits: 
6
Course coordinator: 
Stein Erik Grønland
Atle Nordli
Course name in Norwegian: 
Operations 1
Product category: 
Master
Portfolio: 
MSc in Business - Logistics and Supply Chain Management
Semester: 
2017 Autumn
Active status: 
Active
Level of study: 
Master
Teaching language: 
English
Course type: 
One semester
Introduction

Logistics management operations requires a good knowledge of methods and concept for optimising cost and service levels. Through the methods, also an understanding in operational decisions and their impact will be given.
Students participating in this course will gain an understanding of the management of logistics operations. Emphasis will be on various methods for optimising supply chains, and how they can be implemented in the real world.

Learning outcomes - Knowledge

A good understanding of logistics operations and outcomes.

Acquired knowledge:
(i) To understand process capacities and evaluation of those
(ii) To understand how to best utilise bottlenecks in processes
(iii) To gain knowledge of forecasting
(iv) To gain knowledge of cycle stock management
(v) To understand safety stock management and optimisation of service levels
(vi) To get some understanding of basic issues in scheduling
(v) To understand aggregate planning of operations

Learning outcomes - Skills

(i) Optimisation techniques
(ii) To be able to understand and use logistics models
(iii) To be able to discuss logistics management with other specialists
Reflection:
(i) To understand the role of systems support in Supply Chain Management
(ii) To appreciate and understand possibilities and limitations of optimisation models
(iii) To better understand the day to day challenges of logistics management

Learning Outcome - Reflection

To better understand the use of models in business analysis, in particular with regard to operational decisions.

 To be able to reflect on the limitations of models used in the course.

Course content

1. Introduction
Models and concepts in logistics operations
2. Understanding the supply process:
Evaluation process capacity
3. Estimating and reducing labour cost:
A process perspective
Batching and flow interruptions:
Optimising the flow through a supply chain:
4. Forecasting
Requirements to forecasting, static forcasting
5.Forecasting
Adaptive forecasting
6.Cycle stock
Inventory management with multiple products.
7.Cycle stock
Discount schemes, joint optimisation for supplier and customer
8.Safety stock
9. Optimal service levels
10. Scheduling
11. Aggregate planning
12. Pricing, coordination, IT and E-business

Learning process and requirements to students

Students are expected to actively participate through discussions and excercises. There will be optional evalutions of test assignements. 

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or text book.

Software tools
No specified computer-based tools are required.
Additional information

Use of Excel Solver for problem solving.

Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Assessments
Assessments
Exam category: 
Submission
Form of assessment: 
Written submission
Invigilation
Weight: 
100
Grouping: 
Individual
Support materials: 
  • All printed and handwritten support materials
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration: 
5 Hour(s)
Comment: 
Written examination with supervision
Exam code: 
GRA67531
Grading scale: 
ECTS
Resit: 
Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Sum workload: 
0

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.