ORIE 4120

Inventory, Operations, and Supply Chain Management: Models and Optimization

Course Description

Course information provided by the Courses of Study 2021-2022.

This course will provide a rigorous coverage of the (stochastic and deterministic) models commonly used in the study of inventory, operations, and supply chain management. This includes the multi-period newsvendor model and its many variants, as well as more sophisticated models which arise in supply chain management, logistics, and the study of operations more broadly. We will study tools for analyzing and optimizing such systems, as well as operational insights which can be extracted from such models. The course will in general have a fairly mathematical orientation, focusing on using tools from stochastic modeling, optimization, and dynamic programming/algorithms to formulate and analyze these models.

When Offered Spring.

Prerequisites/Corequisites Prerequisite: introductory courses in probability and optimization (including linear programming and dynamic programming.)  An introductory course in algorithms is helpful, but not strictly necessary.

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