LOYOLA MARYMOUNT UNIVERSITY Fall 2010 AIMS 3770: PRODUCTION AND OPERATIONS ANALYSIS (Section 3) Instructor: Linda Leon, Hilton #209, 338-7634, lleon@lmu.edu Time: Monday & Wednesday 10:40 – 11:55 AM Office Hours: Monday 9:30 - 10:30 am, 5:00 - 7:00 pm Wednesday 9:30 - 10:30 am, 12:30 - 1:30 pm Thursday 11:00 am - 12:00 pm Text: Heizer & Render, Operations Management, 10th edition, Prentice Hall, 2010. You can purchase the hardcopy or flexible edition of the text. An E-text version is also available by going to http://www.coursesmart.com and typing "Heizer and Render" in the search field.. You do not need any special software besides Excel. Final Exam: Monday, December 13th, 11:00 AM Prerequisites: ISQM 275, ECON 230, MATH 112 Course Objectives After completion of the course, the student should: 1. Be able to describe common principles of production and operations management. 2. Be able to apply strategies dealing with various problems encountered in supply chains and the production of goods and services, including production and aggregate planning, inventory management, project management and quality management. 3. Be able to list current issues and trends encountered in the production of goods and services. 4. Be able to apply analytical and computer modeling skills to production and operations management and decision making problems. 5. Have hands on experience with the associated computer decision support software necessary for larger problems. Course Requirements Throughout the course, three computer projects will be assigned and graded. These three projects involve creating a spreadsheet model and submitting one page typed reports along with supporting computer printouts. The first project will be broken into two parts with two different deadlines. Late projects and reports not meeting the required format will not be accepted. There will be two midterm exams and a final in this course. The midterms are noncumulative and will be based on the recommended problems, projects, reading assignments, class lectures and exercises. The final exam will be cumulative with an emphasis on material from the last part. In addition, there will be four quizzes on Excel-based applications. Students will have 15 minutes to complete each quiz in class. All exams and quizzes are closed book and closed notes and require the use of Excel. No make-up examinations or quizzes will be offered. If there is a documented medical reason for missing the exam or quiz, the weights used to determine the final grade will be adjusted. Otherwise, the assignment will have a score of 0. There will be two assigned class exercises that will be collected and graded. Attendance in class on those days will be mandatory in order to receive class credit for the exercise. These exercises involve small groups where students will be given a case the lecture before. Students are expected to do background work for the case before the class period in order to participate. 25% of the student’s grade is based on the individual preparation and 75% is based on the group response. To fully appreciate operations management it is important to study and practice applying operation principles as much as possible. Five reading assignment study guides covering specific topics and pages will be distributed in class throughout the semeser. While these assignments will not be collected or graded, they do outline the reading material that you will be held accountable for on the exams. This material will not be covered in class so it is important that you complete the study guides. The chapters listed in the course outline describe the general portions of the text that are relevant to the material scheduled for the lecture that day. This is an additional reference source for when you do not fully understand a topic presented in class or for when you miss class. Additional problems from the book and class handouts are also recommended for each course topic on the course outline in order to reinforce the concepts, methods and techniques studied. These problems will not be collected or graded. Some solutions will be discussed in class. Homework solutions for the ungraded recommended problems will be posted on the course website one week after the problems are assigned. Flash snippits will also be posted as course documents in MyLMUConnect at http://mylmuconnect.lmu.edu. These snippits will provide support for many of the intermediate Excel concepts required in this class. The course outline identifies the topics where the different snippits will be relevant to the material being presented in class. If you miss class or if you are struggling with Excel, you should make sure that you review these snippits as they are assigned. Files containing class materials and computer exercises will be distributed as they become relevant via the internet at http://myweb.lmu.edu/lleon/isqm377/. Students must use MyLMUConnect’s assignment feature to submit spreadsheets created for the projects and the quizzes. Students can monitor their grades on MyLMUConnect as well. Grading The final course grade will be distributed as follows: ASSIGNMENT Project 1 – Part A Project 1 – Part B Project 2 Project 3 2 Class Exercises (3% each) Midterm 1 Midterm 2 4 Quizzes (2% each) Final Exam TOTAL WEIGHT 4% 4% 8% 8% 6% 16% 16% 8% 30% 100% Each assignment will be graded on the scale 0-100. The point scores will then be combined according to the above weights at the end of the course and a letter grade will be assigned on the final total score according to the following guidelines: FINAL TOTAL POINTS 90 - 100 80 - 89 70 - 79 60 - 69 Below 60 GRADE A B C D F NOTES: 1. Pluses and minuses for the letter grade are given based on the class curve for the final total points. 2. The scheduled topics and dates for the projects, quizzes, class exercises, homework and reading assignments shown on the course outline may be adjusted as necessary in order to accommodate the pace of the course. 3. Academic Honesty: Academic dishonesty will be treated as an extremely serious matter, with serious consequences that can range from receiving no credit for assignments/tests to expulsion. It is never permissible to turn in any work that has been copied from another student or copied from a source (including Internet) without properly acknowledging the source. Every spreadsheet model must be programmed individually by the student submitting the work. It is your responsibility to make sure that your work meets the standard of academic honesty set forth in the “LMU Honor Code and Process” which appears in the LMU Bulletin 2010-2011 (see http://www.lmu.edu/about/services/registrar/Bulletin/Bulletins_in_PDF_Format.htm.) 4. Students with special needs who need reasonable modifications, special assistance, or accommodations in this course should promptly direct their request to the Disability Support Services Office. Any student who currently has a documented disability (physical, learning, or psychological) needing academic accommodations should contact the Disability Services Office (Daum Hall # 224, x84535) as early in the semester as possible. All discussions will remain confidential. Please visit www.lmu.edu/dss for additional information. Week Date Day 1 8/30 M COURSE OUTLINE Topic Introduction to Course Relevant Text Homework Chpt. 1 (1) Forecasting & Planning Models 2 3 4 5 6 9/1 W Time Series Forecasting 9/6 M *Labor Day Holiday 9/8 W 9/13 Chpt. 4 Problem Set 1: #1,10 Graphing Snippits Exponential Smoothing Chpt. 4 Problem Set 1: #2, 3, 4, 5 Cell Reference Snippit M Trend Projections/Regression Models *QUIZ 1* Chpt. 4 Problem Set 1: #6, 7 Data Analysis Snippits 9/15 W Seasonal Variations; Explanation of Project 1-part A Chpt. 4 Problem Set 1: #8, 9 9/20 M Aggregate Production Planning *QUIZ 2* Chpt. 13 Reading Assignment 1 9/22 W Aggregate Production Planning Chpt. 13 Problem Set 2 9/27 M Spreadsheet LP Models & Solver; Explanation of Project 1-part B * PROJECT 1 PART A DUE * 9/29 W * MIDTERM 1* 10/4 M LP Models & Graph Solutions Problem Set 3: #1 Solver Snippits Module B Problem Set 3: #2, 3, 4 (2) Supply Chains 10/6 W Problem Set 3: #5 Transportation Snippits Reading Assignment #2 Transportation and Distribution Systems Background sheet for class exercise 1 * PROJECT 1 PART B DUE * 7 8 10/11 M Location Analysis * CLASS EXERCISE 1 * Chpt. 8 Problem Set 4: #1, 2 10/13 W Transportation Analysis; Explanation of Project 2 Chpt. 8 Problem Set 4: #3, 4 10/18 M Supply Chain Management *QUIZ 3* Chpt. 11 Reading Assignment #3 10/20 W Supply Chain Strategies Chpt. 11 Week Date Day 9 10/25 M 10/27 W Topic Relevant Text Homework Product Design Chpt. 5 Reading Assignment #4 Process Strategy & Sustainability; Chpt. 7 Reading Assignment #4 Capacity & Constraint Management Supplement 7 * PROJECT 2 DUE * 10 11/1 M Project Management 11/3 W * MIDTERM 2* *** 11/5 F LAST DAY TO WITHDRAW *** 11 11/8 M Simulation Modeling 11/10 W Computer Simulation Problem Set 6: #3, 4 Simulation snippits 11/15 M Waiting Line Models; Discussion of Project 3 *QUIZ 4* Problem Set 6: #5, 6 11/17 W (3) Inventory Management Independent –vs- Dependent Demand 11/22 M Material Requirement Planning 11/24 W *Thanksgiving Holiday 11/29 M MRP Implementation 12/1 W Just-In-Time Systems 12 13 14 Chpt. 3 Problem Set 5 Module F Problem Set 6: #1, 2 Chpt. 14 Problem Set 7 Chpt. 16 Background sheet for class exercise 2 Chpt. 6 Reading Assignment 5 * PROJECT 3 DUE * 15 12/6 M Quality Management * CLASS EXERCISE 2 * 12/8 W Quality Management; Summary of Course Problem Set 8