Advanced Modeling, Optimization, and Simulation in Operations Management

What it is about

In this module you will learn quantitative methods for the analysis, control and optimization of production and service processes in the field of Operations Management. You will practice mixed-integer linear optimization with OPL/IBM ILOG CPLEX as well as discrete, event-driven simulations in AnyLogic, and you will be able to formulate, implement and evaluate results of models.

What you will be able to do

Design of mixed-integer linear programs (MILP)
Formulation and solution of MILP in OPL and IBM ILOG CPLEX
Construction of discrete event-driven simulation models in AnyLogic
Data collection, calibration and validation of simulation models
Statistical evaluation and comparison of model solutions

What the module consists of

Lecture with integrated exerciseConveying theoretical concepts and immediate application in exercises; presentations and talks for introduction
Exercises / HomeworkPractical deepening through modeling, implementation and problem solving; Q&A sessions for supervision

Teaching method

Presentations and TalksIntroduction and explanation of the content
Weekly integrated exercisesApplication of what has been learned to exercise examples
Self-study using literatureDeepening and consolidation of the material
Homework with Q&A sessionsIndependent deepening and support with concrete modeling tasks

What you should already know

Management Sciencerecommended
Foundations in Statisticsrecommended
Foundations in Mathematicsrecommended
Production and Logisticsrecommended

Assessment

Written examWritten testProject workReportPresentationOral examPortfolioListening comprehension

The module consists of two separate, each 60-minute written examinations (Optimization and Simulation). Both exams must be passed independently; each examination is graded up to 60 points and must be passed with at least grade 4.0 separately. The exams test theoretical knowledge as well as practical skills (e.g., model formulation in OPL/CPLEX or simulation in AnyLogic). No aids are allowed. Additionally, homework can improve the grade in the respective part by up to 0.3 or 0.4 points in a bonus system.

Reading list

Williams, H. P. - Model Building in Mathematical Programming
Domschke, W. & Drexl, A. - Einführung in Operations Research
Domschke, W., Scholl, A. & Voss, S. - Produktionsplanung
Hillier, F. S. & Lieberman, G. J. - Introduction to Operations Research
Klein, R. & Scholl, A. - Planung und Entscheidung
Winston, W. L. - Operations Research
Kelton, W. D., Sadowski, R. P. & Sturrock, D. T. - Simulation with ARENA
Banks, J., Carson, J. S., Nelson, B. L. & Nicol, D. M. - Discrete-Event System Simulation
Law, A. M. - Simulation modeling and analysis
Bleymüller, J., Gehlert, G. & Gülicher, H. - Statistik für Wirtschaftswissenschaftler

Filters

Advanced Modeling, Optimization, and Simulation in Operations Management

What it is about

What you will be able to do

What the module consists of

Teaching method

Dates

SeminarAdvanced Modeling and Optimization in Operations Management (WI001088, englisch) (Limited places)

SeminarAdvanced Simulation in Operations Management (WI001088, englisch) (Limited places)

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