Logistics and Supply Chain Management

This course surveys operations research models and techniques developed for a variety of problems arising in logistical planning of multi-echelon systems. There is a focus on planning models for production/inventory/distribution strategies in general multi-echelon multi-item systems. Topics include vehicle routing problems, dynamic lot sizing inventory models, stochastic and deterministic multi-echelon inventory systems, the bullwhip effect, pricing models, and integration problems arising in supply chain management. Probability and linear programming experience required.

Syllabus

• Introduction and overview
• Single-warehouse, single-product deterministic inventory models: Constant demand, infinite horizon
• Single-warehouse, single-product deterministic inventory models: Constant demand, finite horizon
• Single-warehouse, multi-product inventory model Assignment 1 due (Ses #4)
• Single-warehouse, multi-retailer models Assignment 2 due (Ses #7)
• Guest lecture
• Time-varying demand
• Stochastic inventory models: Newsvendor models
• Supply contracts
• Stochastic inventory models: Multi-period, finite horizon
• Pricing models Assignment 4 due (Ses #17)
• Guest lecture
• The bullwhip effect
• Guest lecture
• Green logistics
• Vendor-managed inventory
• Project presentations

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