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Cursus: 202000450
202000450
OR Models for the premaster IEM
Cursus informatie
Cursus202000450
Studiepunten (ECTS)10
CursustypeCursus
VoertaalEngels
Contactpersoondr.ir. L.L.M. van der Wegen
E-maill.l.m.vanderwegen@utwente.nl
Docenten
Docent
prof.dr.ir. M.R.K. Mes
Examinator
dr.ir. L.L.M. van der Wegen
Contactpersoon van de cursus
dr.ir. L.L.M. van der Wegen
Collegejaar2022
Aanvangsblok
1A
AanmeldingsprocedureZelf aanmelden via OSIRIS Student
Inschrijven via OSIRISJa
Cursusdoelen
At the end of the course the student:
  • is able to formulate an LP- or ILP-model for a given business case (which allows a corresponding model);
  • is able to solve (I)LP problems using a software package and to critically evaluate their outcomes;
  • has knowledge of and insight in the role of inventories in organizations, and can apply (simple) quantitative techniques for inventory optimization in case demand is deterministic as well as stochastic;
  • has knowledge of and insight in queuing models and their behavior and is able to model an appropriate problem as a queuing model and to calculate relevant performance indicators like average queue length, and average waiting and sojourn time;
  • understands  the idea behind dynamic programming and can model simple problems as DP models and solve these;
  • is able to understand the core principles of discrete event simulation;
  • is able to design and implement a conceptual simulation model in a simulation environment;
  • is able to define input for a simulation model and design experiments;
  • is able to perform simulation experiments, interpret the outcomes of the simulation, and formulate recommendations that are useful for the problem owner.
Inhoud
Operations research (OR) is a scientific approach that applies quantitative modeling to solve business problems. In this course a number of OR methods is considered that can be applied to model and solve problems in the areas of production and logistics. The course gives an introduction in these areas and in OR techniques. During the course students get the opportunity to practice the art of OR modeling, to solve the models using computer packages and to critically evaluate the solution. Special attention is being paid to linear models (LP- and ILP-models) that play an important role in aggregated planning problems and to building simulation models.   Managing inventories in a company is an important topic. On the one hand inventories are necessary for smoothing operations, but on the other hand they cost a lot of money. A number of different methods to minimize inventory costs are considered. The next topic we discuss is queuing, which plays a crucial role in production as well as service organizations. In service organizations building up inventories to match supply and demand is not possible. Moreover, although you may know average demand for service, uncertainty in customer arrivals and different customer service needs may cause waiting lines (e.g. at cash counters or in the emergency room). Waiting times can also occur in manufacturing due to e.g. natural variation in service times or breakdowns of machines or unavailability of raw materials. Finally, some attention is being paid to dynamic programming, an optimization technique that can be used to turn large unwieldy problems in series of smaller and more tractable problems.
Voorkennis
Students should have background knowledge on probability theory. This includes mean, variance and standard deviation of random variables and probability density functions and cumulative distribution functions.Students are familiar with some well-known distributions: binomial, uniform, normal, exponential and Poisson distributions.
Admission only on individual basis by coordinator master program IEM.
Participating study
Bachelor Technische Bedrijfskunde
Verplicht materiaal
Studiemateriaal
W.L. Winston, Operations Research (4th ed), ISBN 9780534380588
Studiemateriaal
Reader (beschikbaar via Canvas)
Aanbevolen materiaal
-
Werkvormen
Hoorcollege

Project begeleid
AanwezigheidsplichtJa

Project onbegeleid
AanwezigheidsplichtJa

Werkcollege

Zelfstudie geen begeleiding

Zelfstudie met begeleiding

Toetsen
Written exam and assignments

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