1. Production Management IEOR 4000
Prof. Guillermo Gallego
9/19/2018

2. A Few Words About Myself
Professor of Industrial Engineering & Operations Research at Columbia University.
Chairman of IEOR department.
Published over fifty in refereed journals.
Visiting scientist at IBM
Visiting professor at Stanford GSB
Senior editor MSOM and POM.
Former departmental editor for IIE transactions.
Former associate editor of management science.
Former associate editor operations research.
Consulted extensively with industry.
9/19/2018

3. Topics to Be Covered Classification of production systems.
Deterministic models.
EOQ, EPQ, JRP, ELSP, app, MRP, ERP.
Forecasting.
Ma, ES, MMFE.
Stochastic models.
Newsvendor model.
Supply chain models.
JIT.
9/19/2018

4. Benefits to Be Obtained
Understand production systems.
Understand basic tradeoffs.
Efficiency vs. Variety.
Holding costs vs. Fixed costs.
Holding costs vs. Service levels.
Learn about
Forecasting.
Value of information
Postponement
Scheduling
JIT
9/19/2018

5. Intended Audience A required course for MS degree in IE and MS in OR.
Students entering the fields of industrial engineering or supply chain management.
Students interested in learning how to develop models.
Production and general managers wishing to understand models behind decision support systems.
9/19/2018

6. Prerequisites Working knowledge of calculus.
A good course in probability and statistics.
A deterministic models course (linear programming). This can be taken concurrently.
Knowledge of excel or equivalent spreadsheet program.
Willing to work hard.
9/19/2018

7. Evaluation
Assignments: 25%
Midterm: 30%
Final: %
9/19/2018