M&L 4382: Logistics Analytics - Spring 2015 The Instructor: Daniel Taylor 356 Fisher Hall Phone: 614-357-1194 taylor.465@osu.edu The Classes: MWF 1:50-2:45 (SB 230) Office Hours: MW 12:30-1:30; Th 12:45-2:00; available most days after class by request The Course: 4382 can be described as a modeling course in logistics. We will cover a variety of logistics issues and discuss modeling approaches for solving them. The course is organized into three primary modules (Forecasting, Modeling, and Network Design) and three shorter modules (Simulation, Routing, and Inventory Management). Each module will consist of a series of lectures on modeling and solution approaches to a class of problems. By the end of the course, you will: be familiar with several modeling problems commonly faced in logistics, understand the uses of, and the appropriateness of solving problems with, heuristics, optimization and simulation, be able to solve many of these problems using efficient heuristics (i.e. methods for finding good solutions to a problem) or optimization techniques (i.e. methods for finding the best solution), understand how companies address these problems in the “real world.” Course Packet: There is an electronic course packet that will be used towards the end of the course. Details will be posted on Carmen. All other required readings are available through Carmen or through Business Source Complete (see required reading list on page 4). Optional readings that can supplement some of the lectures are available upon request. The Grade: The final grade will be determined by the weighted average of the following: Exam 1 Exam 2 Exam 3 Reading Bullet Point Assignments (x5) Forecasting Case (Report #1) Network Modeling Case (Report #2) 20% 20% 20% 1% each (5% in aggregate) 15% 20% I will determine the exact cutoffs at the end of the semester. However, the following are approximately what I expect the ranges to look like: A A- B+ B B- C+ C C- D+ D E > 89 [86, 89] [83, 85] [79, 82] [75, 78] [69, 74] [66, 68] [64, 65] [62, 63] [60, 61] < 60 Homework: There will be 7 homework assignments assigned during the quarter. You are highly encouraged to do the homework as we cover the material, but you will NOT be handing them in to be graded. I will post the solutions and you can check your own work. Reading Bullet Point Assignments: Provide ten to fifteen bullet points for five of the assigned readings. The bullet points are to represent insights you gained from the reading. Turn-in a hard copy on days when the readings are to be discussed (listed on the syllabus). The bullet point assignments are to be done individually. You may choose the five readings. Exams: All exams will be closed-book and closed-notes. You will be provided a formula sheet with the required formulas on it for the first exam. The exams are not cumulative although some material will carryover. Should you be sick on an exam day, you must contact me more than 8 hours before the exam and schedule a make-up exam that must be taken within 2 days. You will also need to provide a doctor’s note. Groups: Students will choose their own teams. Groups are to be 3-4 people (preferably 4). You have until January 16th to form your team. Teams will be formalized during class on January 16th. Teams will be utilized for in-class exercises and for the case studies. Forecasting Case – Mahindra & Mahindra: This case will require extensive use of Microsoft Excel and comparison of forecasting techniques. The case will be accomplished outside of class. I will introduce the case and will answer questions as needed. You will work on this case with your team and turn-in one report for the entire team. I will provide case questions and report guidance. The case is available for purchase from Ivey publishing at https://www.iveycases.com/ProductView.aspx?id=60877. Only one case need be purchased per team. The report is due on February 9th. Your team has the option to turn-in the report early on February 4th. For teams that choose to turn-in early, I will have comments and grades available on February 6th, the Friday before exam 1. Network Design Cases – Metalworks: The computer lab will not be available during our class time. We will use the classroom to work on the network design case using Logic Tools, but it will also certainly require work outside of class time. I will introduce the software on the first and second lab days and you will have four additional lab days to work on the case. The software is Windows-based, so if you use a Mac, you will need to buy Parallels. You will work on this case with your team and turn-in one report for the entire team. I will provide the case, case questions and report guidance. The report is due on May 1st. You must delete the software from your computer(s) at the end of the semester. Failing to do so is a violation of IBM's licensing agreement and could expose you to civil lawsuits. Extra Credit (up to 5%): You have the opportunity to gain up to 5% of additional credit by attending TLA meetings. The Transportation and Logistics Association (TLA) meets at 7:30 pm on Thursdays. http://www.osutla.com/?page_id=822. You will receive 1 point each time you attend a meeting and then submit a one-page write-up on what you learned. Turn-in a hard copy within one week of attending the meeting. TIPS about all write-ups. Use double-space and 1 inch margins, with “normal” fonts (Times, Calibri, Arial, etc). Draw your own conclusions on how events affect logistics. Be critical and voice your own opinion. Nameplates: It is important that I match names and faces. I will expect you to use a nameplate (or similar paper proxy). Late policy: Any assignments/projects that are late lose 20% of their declared value for every 24 hours that they are late. Example: 20 minutes late – 20% off. 26 hours late – 40%. Class attendance: Class attendance is not mandatory for this course but it is highly encouraged. Attendance may be taken during the first two weeks of class or until the class roster stabilizes. Students will be responsible for all material posted on Carmen, covered in required readings, and discussed during the lectures – to include guest speakers and in-class exercises. If you miss a class, please catchup thorough your teammates. The University and College expectation is that students spend two hours outside of class for every hour spent in class. Since this course meets 3 hours per week, you should expect to spend 6 hours per week outside of class on course-related work. I take academic misconduct very seriously. Never represent someone else’s work as your own. If I suspect any violation of the Code of Student Conduct, I will bring it to the attention of the Committee on Academic Misconduct who will determine and impose an appropriate sanction. This can range from a formal reprimand to dismissal. Course Schedule (Note: This schedule is subject to change, as necessary) Forecasting W1 W2 W3 W4 Modeling W5 W6 W7 Simulation Invent. Mgmt Vehicle Route W8 W9 W10 Network Design W11 W12 W13 W14 W15 Day M W F M W F M W F M W F M W F M W F M W F M W F M W F M Date Jan 12 Jan 14 Jan 16 Jan 19 Jan 21 Jan 23 Jan 26 Jan 28 Jan 30 Feb 2 Feb 4 Feb 6 Feb 9 Feb 11 Feb 13 Feb 16 Feb 18 Feb 20 Feb 23 Feb 25 Feb 27 Mar 2 Mar 4 Mar 6 Mar 9 Mar 11 Mar 13 Mar 16 Topic Readings Assignments Introduction and Overview Introduction to Forecasting Forecast Accuracy HOLIDAY Time Series Approaches I Time Series Approaches II HW #1 Trend and Seasonality I Trend and Seasonality II HW #2 Regression and Exponential Smoothing Forecasting in Practice #1 Exam Review REPORT #1 (early) Guest Lecture - Demand Management EXAM I REPORT #1 Solution Methods I Solution Methods II Linear Programming (LP) I Linear Programming (LP) II Linear Programming with Excel #2 HW #3 Integer Programming (IP) I Integer Programming (IP) II Integer Programming (IP) III HW #4 Heuristics #4 Introduction to Simulation Applied Simulation #5 Exam Review EXAM II Inventory Management I SPRING BREAK W F M Mar 18 Mar 20 Mar 23 SPRING BREAK SPRING BREAK Inventory Management II W F M W F M W F M W F M W F M Mar 25 Mar 27 Mar 30 Apr 1 Apr 3 Apr 6 Apr 8 Apr 10 Apr 13 Apr 15 Apr 17 Apr 20 Apr 22 Apr 24 Apr 27 Inventory Management III Vehicle Routing I Vehicle Routing II Facility Location I Facility Location II Introduction to Network Design Guest Lecture - Network Design Dow Brands and DHL Discussion Exam Review Exam III Classroom Lab Classroom Lab Classroom Lab Classroom Lab Classroom Lab HW #5 HW #6 #6 #7 #8 HW #7 #9, #10 REPORT #2 (due 5/1) M&L 4382 Course Readings #1: Croxton, K. L., Lambert, D. M., García-Dastugue, S. J., & Rogers, D. S. (2002). The demand management process. International Journal of Logistics Management, The, 13(2), 51-66. http://osu.worldcat.org/title/the-demand-management-process/oclc/441047891 #2: Bartolacci, M. R., LeBlanc, L. J., Kayikci, Y., & Grossman, T. A. (June 01, 2012). Optimization modeling for logistics: Options and implementations. Journal of Business Logistics, 33, 2, 118-127. http://osu.worldcat.org/title/optimization-modeling-for-logistics-options-andimplementations/oclc/806092221 #3: Optimization Methods in Management Science/Operations Research: Excel Techniques – Tool for Solving a Linear Program (2013). MIT OpenCourseWare. 15.053/058 http://ocw.mit.edu/courses/sloan-school-of-management/15-053-optimization-methods-in-managementscience-spring-2013/tutorials/MIT15_053S13_tut03.pdf Solver installation reference: http://depts.washington.edu/mbaclub/wordpress/wpcontent/uploads/2013/07/Tutorial-Adding-Solver-Excel-2013.pdf #4: Griffis, S. E., Bell, J. E., & Closs, D. J. (2012). Metaheuristics in logistics and supply chain management. Journal of Business Logistics, 33(2), 90-106.#3: Simulation in Logistics: A Review of Present Practice and a Look to the Future, Bowersox & Closs, JBL, Vol. 10, #1. http://osu.worldcat.org/title/metaheuristics-in-logistics-and-supply-chain-management/oclc/806092219 #5: Evers, P. T., & Wan, X. (2012). Systems analysis using simulation. Journal of Business Logistics, 33(2), 80-89. http://osu.worldcat.org/title/systems-analysis-using-simulation/oclc/806092218 #6: Watson, M. (2013). Supply chain network design: Applying optimization and analytics to the global supply chain. Pearson Education. Chapter 1 (in electronic course packet). #7: Watson, M. (2013). Supply chain network design: Applying optimization and analytics to the global supply chain. Pearson Education. Chapter 12 (in electronic course packet). #8: Watson, M. (2013). Supply chain network design: Applying optimization and analytics to the global supply chain. Pearson Education. Chapter 13 (in electronic course packet). #9: Robinson, E. P., Gao, L. L., & Muggenborg, S. D. (1993). Designing an integrated distribution system at DowBrands, Inc. Interfaces, 23(3), 107-117. http://osu.worldcat.org/title/designing-an-integrated-distribution-system-at-dowbrandsinc/oclc/5582114361 #10: Cheung, W., Leung, L. C., & Wong, Y. M. (2001). Strategic service network design for DHL Hong Kong. Interfaces, 31(4), 1-14. http://osu.worldcat.org/title/strategic-service-network-design-for-dhl-hong-kong/oclc/4645528958 All articles can be found in the library or on-line through Business Source Complete. To find them with BSC, go to http://www.lib.ohio-state.edu/ and click on "Research Database List" on the right, go to "B" and click on "Business Source Complete." From there you can conduct a search using any combination of the author, the article title, or the journal title. Once you find the article, you should be able to click on "PDF Full Text" to download the article in PDF format.