OPM 561 (OPM 5610): Production Management & Variability

Contents
To match supply/capacity with demand, managers and planners have to consider different types of variability. This course discusses sources for three dimensions of variability and analyzes the effects on several operational performance measures. It introduces planning tasks for the design and management of operations systems from the strategic to the operational level. After providing an overview of variability in operations management, the course addresses capacity planning and design problems for flow production systems. Afterwards, the course covers lean and total quality management and introduces different scheduling applications. Challenges and opportunities arising from the fourth industrial revolution (Industry 4.0) and key concepts for future factories are presented. To manage and reduce variability, we introduce modern business analytics tools as well as classical lean management approaches. Variability arising in the industry are discussed with case studies based on relevant applications.
This course aims to provide insights into the key decisions regarding the design and management of lean production systems. For this purpose, quanti­tative models for the performance analysis and optimization are discussed.

Learning outcomes
Students will

• develop skills for quanti­tative planning in the field of production management,
• have an overview of requirements, objectives and key concepts in lean production management, and
• understand reasons and effects of variability in operations management.

Necessary prerequisites
–

Recommended prerequisites
Basic knowledge in operations management (e.g. BSc course “Produktion” or “OPM 301 Operations Management”) or equivalent.

Examiner Performing lecturer

Prof. Dr. Raik Stolletz Prof. Dr. Raik Stolletz