MGT3104 Optimisation of Supply Chains
|Short Description:||Optimisation of Supply Chains|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Management and Enterprise|
|Student contribution band :||Band 3|
|ASCED code :||089901 - Purchasing, Warehousing and Di|
|Grading basis :||Graded|
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
The course will cover the main concepts of optimising profit and minimising costs in a supply chain network. Forecasting techniques related to managing inventory and distributing products requires important forecasting skills. Hence, students will be able to apply these skills to real-life case studies while at the same time, acquire specific knowledge pertaining to optimisation problems and how solutions are contained in bounded spaces/areas such as those found within a warehouse or factory. This solution space can be represented diagrammatically using two dimensional graphing methods. Students will learn how to apply forecasting techniques for maximising profitability and productivity, maximising space utilisation or minimising costs, losses and wastage. The course illustrates how linear programming and graphical methods can be applied to in optimisation problems. Students will also acquire skills and knowledge about the shortest route calculations and total throughput minimisation. Students will also learn how to apply the general concept of sensitivity analysis in optimisation problems.
|Semester 1, 2019||Online|