Decision Modeling in Supply Chain Management

Catalog description

All firms have to deal with supply chain challenges such as configuration and operations of supply chain, inventory positions across the supply chain, allocation of resources to minimize cost and maximize revenue. These challenges represent the complexity of processes within a supply chain, which complicates the decision making for the decision makers. This course focuses on utilizing data driven decision making in complex supply chain processes. Students will use various analytical tools such as linear programming models, shortest-path models, nonlinear programming models, decision trees, forecasting models, and Monte Carlo simulation to solve supply chain challenges faced by firms in various industries. $35 per SSCH course fee.