Pennsylvania State University 3 credits SCM
This course provides an overview of the art and science of converting fuzzy business situations into quantitative supply chain models followed by an analysis and recommendation. We discuss methods that are used extensively in business organizations to solve large, structured problems. Such methods generate results that support decision-making at all levels of the organization over various time horizons. Secondarily, these methodologies should improve your own problem-solving skills. We stress an approach to problem solving that helps the decision-maker to (a) consider a richer set of alternatives, (b) understand and question assumptions, and (c) consider diverse measures of performance. Major topics include Decision analysis, Monte Carlo simulation, Optimization and Linear programming.
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