Course Catalog - 2006-2007

     

MGMT 711 - APPLIED OPTIMIZATION

Long Title: NEGOTIATIONS ILE
Department: Management
Grade Mode: Standard Letter
Course Type: Lecture
Credit Hours: 1
Restrictions:
Must be enrolled in one of the following Program(s):
MBA
Description: Airlines don't schedule without "it" and refineries don't produce gasoline without "it", and Wall Street is investing "it." "It" is optimization. The evolution of powerful micro-computers has brought the application of optimization to the desktop, and industry after industry is exploring ways to take advantage of this family of techniques to reduce cost and increase profitability. Successful line managers need to understand its potential, and analytically inclined MBAs will appreciate its elegance. This course will focus on the application of linear and integer programming techniques to supply chain optimization. Although the application focus will be on supply chain, the successful student will be able to recognize optimization and profit maximization opportunities across many different business contexts.