ESD.260
Logistics Systems
Fall 2006
Topics
- Supply chain fundamentals and segmentation analysis
- Demand forecasting I: Time series analysis
- Demand forecasting II: Causal analysis
- Demand forecasting III: New product forecasting
- Demand forecasting IV: Connections to planning and management
- Inventory management I: Level demand, EOQ, sensitivity
- Inventory management II: EOQ extensions, discounts, exchange curves, etc.
- Inventory management III: Time-varying demand (fixed horizon)
- Review of probability and statistics using Excel and textbook
- Inventory management IV: Probabilistic demand, safety stock
- Inventory management V: Backorder costs, implied costs, extensions, A and C items
- Problem solving session: Probabilistic demand
- Inventory management VI: Special products — fashion, style, and perishable goods
- Inventory management VII: MRP and DRP systems
- Inventory management VIII: Inventory management and optimization in practice
- Supply chain network design
- Supply chain contracts
- Auctions in supply chain management
- Transportation I: Fundamental concepts, strategic networks, connection to inventory planning
- Transportation II: Operational network analysis
- Transportation III: Routing and scheduling approaches and algorithms
- Transportation IV: Shipper perspective — strategies and approaches for design and management
- Transportation V: Procurement and use of combinatorial auctions
- Transportation VI: Carrier operations and yield management
Readings
- [SPP] Silver, Edward, David Pyke, and Rein Peterson. Inventory Management and Production Planning and Scheduling . 3rd ed. New York, NY: John Wiley & Sons, 1998. ISBN: 9780471119470.
- [N] Nahmias, Steven. Production and Operations Analysis . 5th ed. New York, NY: McGraw-Hill, 2004. ISBN: 9780071238373.
- [CM] Chopra, Sunil, and Peter Meindl. Supply Chain Management . 3rd ed. Upper Saddle River, NJ: Prentice Hall, 2006. ISBN: 9780131730427.
- [B] Ballou, Ronald. Business Logistics Management . 5th ed. Upper Saddle River, NJ: Prentice Hall, 2003. ISBN: 9780130661845.
- [CT] Cachon, Gerard, and Christian Terwiesch. Matching Supply with Demand: An Introduction to Operations Management . New York, NY: McGraw-Hill, 2005. ISBN: 9780072918991.
- SPP, chapters 1-2, pp. 3-26.
- SES #: 2 · TOPICS: Supply chain fundamentals and segmentation analysis · READINGS: SPP, chapter 3, pp. 27-66.
- SES #: 3 · TOPICS: Demand forecasting I: Time series analysis · READINGS: SPP, chapter 4, pp. 74-134.
- SES #: 4 · TOPICS: Demand forecasting II: Causal analysis · READINGS: SPP, chapter 4.4.1, pp. 83-85.
- SES #: 5 · TOPICS: Demand forecasting III: New product forecasting · READINGS: Handout
- SES #: 6 · TOPICS: Demand forecasting IV: Connections to planning and management · READINGS: Handout
- SES #: 7 · TOPICS: Inventory management I: Level demand, EOQ, sensitivity · READINGS: SPP, chapter 5.1-5.4, pp. 149-159.
- SES #: 8 · TOPICS: Inventory management II: EOQ extensions, discounts, exchange curves, etc. · READINGS: SPP, chapter 5.5-5.10, pp. 159-182.
- SES #: 9 · TOPICS: Inventory management III: Time-varying demand (fixed horizon) · READINGS: SPP, chapter 6, pp. 198-222.
- SES #: 11 · TOPICS: Inventory management IV: Probabilistic demand, safety stock · READINGS: SPP, chapter 7.1-7.6, pp. 232-252.
- SES #: 12 · TOPICS: Inventory management V: Backorder costs, implied costs, extensions, A and C items · READINGS: SPP, chapter 7.7-7.9 and 7.11, pp. 253-280 and 284-295.
- SES #: 14 · TOPICS: Inventory management VI: Special products — fashion, style, and perishable goods · READINGS: SPP, chapter 10, pp. 382-404.
- SES #: 16 · TOPICS: Inventory management VIII: Inventory management and optimization in practice · READINGS: Handout
- SES #: 17 · TOPICS: Supply chain network design · READINGS: Handout
- SES #: 18 · TOPICS: Supply chain contracts · READINGS: Handout
- SES #: 19 · TOPICS: Auctions in supply chain management · READINGS: Handout
- SES #: 20 · TOPICS: Transportation I: Fundamental concepts, strategic networks, connection to inventory planning · READINGS: Handout
- SES #: 21 · TOPICS: Transportation II: Operational network analysis · READINGS: Handout
- SES #: 22 · TOPICS: Transportation III: Routing and scheduling approaches and algorithms · READINGS: Handout
- SES #: 23 · TOPICS: Transportation IV: Shipper perspective — strategies and approaches for design and management · READINGS: Handout
- SES #: 24 · TOPICS: Transportation V: Procurement and use of combinatorial auctions · READINGS: Handout
- SES #: 25 · TOPICS: Transportation VI: Carrier operations and yield management · READINGS: Handout
Sources
- Course catalogue ↗Historical OpenCourseWare
- MIT OCW readings ↗
- MIT OCW calendar ↗
- MIT OCW syllabus ↗
- Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.