Learn about analytical approaches to production, storage, and distribution of goods and services from sources to customers. Develop the analytical skills needed for data-driven engineering of modern business operations and processes, including business-critical activities such as supply chain analytics, warehousing, distribution logistics, production operations, transportation systems, service operations, financial, and risk management.
Key Topics:
- Data-Driven Modeling
- Enterprise Planning and Scheduling
- Financial Engineering
- Lean Thinking
- Manufacturing and Service Facilities,
- Supply Chain Analytics
- Service Operations
Area Lead: TBD
Foundation Courses
IOE 510 Linear Programming
Advisory prerequisites: Math 217, Math 417, or Math 419. (3 credits)
Formulation of problems from the private and public sectors using the mathematical model of linear programming. Development of the simplex algorithm; duality theory and economic interpretations. Post optimality (sensitivity) analysis application and interpretations. Introduction to transportation and assignment problems; special purpose algorithms and advanced computational techniques. Students have opportunities to formulate and solve models developed from more complex case studies and to use various computer programs.
IOE 515 Stochastic Processes
Advisory prerequisites: IOE 316 or Stats 310. (3 credits)
Introduction to non-measure theoretic stochastic processes. Poisson processes, renewal processes and discrete-time Markov chains. Applications in queueing systems, reliability, and inventory control.
IOE 541 Optimization Methods in Supply Chain
Advisory prerequisites: IOE 310, IOE 316, or permission of the instructor. (3 credits)
Introductory graduate course on optimization methods in supply chain management. Topics include forecasting and demand models, deterministic and stochastic inventory models, multi-echelon inventory models, facility location models, process flexibility, supply chain contracts, and joint learning and optimization methods in supply chain models.
IOE 500 IOE Master’s Seminar
Advisory prerequisites: IOE master’s student or permission of instructor. (1 credit)
Seminars presented by academic speakers and industry leaders to describe contemporary applications of industrial and operations engineering models and techniques to master’s students in IOE. The focus is on applications but research challenges are addressed as needed. Many speakers also address potential career opportunities for MS students in IOE.
Suggested courses to further explore the business operations engineering program area
Methods focused
- IOE 512 Dynamic Programming
- IOE 516 Stochastic Processes II
- IOE 511 Continuous Optimization Methods
- EECS 558 Stochastic Control
- IOE 565 Time Series Modeling, Analysis, Forecasting
- Math 572 Numerical Methods for Scientific Computing II
- Stat 500 Applied Statistics I
- IOE 517 Game Theory with Operations Applications
- IOE 561 Risk Analysis I
- EECS 545 Machine Learning
- IOE 591 Introduction to Data Analytics
Financial engineering
- IOE 452 (MFG 455) Corporate Finance
- IOE 453 Derivative Instruments
- IOE 552 Financial Engineering I
- IOE 553 Financial Engineering II
- FIN 612/614 International Finance and International Financial Markets
Supply chain management
- IOE 440 (MGF 440) Operations Analysts and Management
- IOE 425 (MFG 426) Lean Manufacturing and Services
- IOE 419 Service Operations Management
- IOE 447 (MFG 447) Facility Planning
- IOE 449 (MFG 449) Material Handling Systems
- IOE 525 Lean Principles and Scientific Thinking in Organizations
- IOE 541 Optimization Methods in Supply Chain
- IOE 543 Scheduling
- IOE 545 Stochastic Networks and Operations
- IOE 591* Special Topics (Transportation System Opt)
- IOE 547 (MFG 547) Supply Chain Facilities
- IOE 548 Integrated Product Development
- IOE 551 Benchmarking, Productivity Analysis and Performance Measurement
- IOE 583 (MECHENG 583) (MFG 583) (EECS 566) Scientific Basis for Reconfigurable Manufacturing
- IOE 588 (MECHENG 588) (MFG 588) Assembly Modeling for Design and Manufacturing
- IOE 641 Supply Chain Management
Healthcare management
- IOE 413 Optimization Modeling in Healthcare
- IOE 513 Healthcare Operations Research: Theory and Applications
Entrepreneurship
- IOE 421 Work Organizations
- IOE 430 Global Cultural Systems Engineering
Data analytics
- IOE 465 Design of Experiments
- IOE 466 Statistical Quality Control
- IOE 473 Advanced Data Analytics
- IOE 561 Risk Analysis I
- IOE 568 Statistical Learning & Applications in Quality Engineering
- IOE 591 Introduction to Data Analytics
- IOE 565 Time Series Modeling, Analysis, Forecasting
- IOE 691 Bayesian Optimization