OR & Supply Chain (ME-7003)
Syllabus UNIT 1: Linear system and distribution models: Mathematical formulation of linear systems by LP, solution of LP for two variables only, special cases of transportation and assignment and its solution, Vogel’s forward looking penalty method, cell evaluation degeneracy, use of SW Lindo, Tora, Excell. UNIT 2 : Supply chain (SCM): Definition, importance, expenditure and opportunities in SCM; integration of inbound, outbound logistics and manufacturing to SCM, flow of material money and information, difficulties in SCM due to local v/s system wide (global) optimization and uncertainties in demand and transportation; Bull-whip effect; customer value; IT, info-sharing and strategic partnerships; plant and warehouse-network configuration; supply contracts and revenue sharing; outsourcing; transportation, cross docking and distribution, forecasting models in SCM; coordination and leadership issues; change of purchasing role and vendor rating, variability from multiple supplie...