PhD Seminar: Foundations of Operations Management I: Demand Forecasting and Inventory Theory

Catalog description

This course will familiarize students with the classic foundational work in operations management. The focus of this course will be on demand forecasting and inventory theory - the time series forecast models and the stochastic inventory models. Theory and empirical studies of the information distortion phenomenon along the supply chain (the bullwhip effect) will also be discussed. In addition, advanced models with optimal control and demand learning will be briefly discussed. Pedagogically, the course will include a combination of lectures, homework problems and coding assignments.