Productions Systems and Management - DSC 5530
Graduate Course - M.B.A., School of Business at NCCU, 2022
This course provides a background in Productions and Systems Management. Techniques and methods employed to plan and control business organizations, service, forecasting, production scheduling, strategic decision making, quality control methods and measurement are presented and used to solve practical problems.
Offered during the following semesters: (F18, S20, S21, S22)
List of Tentative Topics:
1. Introduction to Production Systems and Management
• Course Introduction • Overview of curriculum, materials and expectations
2. Competitiveness, Strategy and Productivity
• What do we mean by competition, strategy and productivity in Business Environments • Single and Multi-factor Productivity • Efficiciency and Utilization
3. Forecasting
• Importance of Forecasting for business • Trends, Seasonality, Cycles and Randomness • Forecasting Methods based on averages • Linear trends and Linear Regression • Error Metrics - MSE, MAPE, MAE • Forecasting Performance and Statistical Control Charts
4. Strategic Capacity Planning
• Cost-Revenue-Volume analysis • Single and Multiple Break even Analysis
5. Location Planning and Analysis
• Factor rating analysis applied to location Planning • Center of gravity method • Practical Applications
6. Optimization Applied to Business Problems
• Introduction to Business Problems as Optimization Models • Applied Computational Linear programming • Practical Applications using Excel Solver
7. Introduction to Decision Analysis
• Introduction to Decision-making under uncertainty • Decision Tables • Decision Trees • Expected Value of Perfect Information (EVPI) • Practical Applications
8. Management and Control of Quality
• Quality: products and services relationship • Importance of Quality and poor Quality • Costs associated with quality • Total Quality Management • Quality tools and analysis
9. Final Project
In this project students are expected to research and investigate the role of Productions Systems and Management (PSM) within business organizations. Your group is required to select one type of Business and focus in one company. In this project, you should discuss about the importance of PSM practices and tools adopted by the company to improve their business and its competitiveness in the market.