Logistics and Operations Strategy (Master Program)

(Prof. Dr. Stefan Minner, Eunji Lee)
Monday 08:00-09:30 in N1080 & Tuesday 11:30-13:00 in 0220

For further information, please subscribe to the Moodle course page by signing up for the course via TUMonline.

Announcements

The first lecture of this Winter Semester takes place on 17.10.2022 (Monday)

We currently plan to give the lecture on-site / in person, given the development of the pandemic situation. Enrolled students will be timely notified of any changes.

For further information, please subscribe to the moodle course page by signing up for the course via TUM online.

Course description

The course will position logistics and operations in business strategy and industrial organization. Strategic modelling and optimization approaches and tools for sourcing strategy, facility location, capacity and flexibility management will be presented and applied to problems of different industries. Topics the course covers include:

  • Competitive strategy (monopoly, simultaneous / sequential quantity competition, capacity competition, competitive locations)
  • Operations strategy and Industrial Organization (supply chain configuration / operational flexibility)
  • Capacity strategy (sizing and investment, timing and expansion)
  • Distribution network strategy (warehouse location problem / hub- and spoke systems)
  • Process technology (Make-to-order vs. Make-to-stock, factory physics)
  • Operations and risk management (hedging / sourcing / inventory strategies)

Learning objectives

The objective is to get an overview of the basic problems, concepts and technologies of logistics and operations strategy. Course participants learn decision support techniques to make decisions in centralized and decentralized value chains.

Methods

The course consists of a sequence of lectures, exercise classes and case studies. The course participants will learn how to model and analyze supply chain design and control problems using quantitative methods.

Evaluation

  •  Final examination: 100%

Important dates

  • Final exam: tbd 

Literature

Books:

  • Van Mieghem, J.A. (2008), Operations Strategy - Principles and Practice, Dynamic Ideas.
  • Slack, N., Lewis, M. (2001), Operations Strategy, Financial Times/Prentice Hall.
  • Belleflamme, P., Peitz, M. (2010), Industrial Organization: Markets and Strategies, Cambridge University Press.

Selected chapters from:

  • Ballou, R. H. (2004), Business Logistics Supply Chain Management, Pearson Prentice-Hall.
  • Cachon, G., Terwiesch, C. (2013), Matching Supply with Demand, McGraw-Hill.
  • Fisher, M.L. (1997), What is the Right Supply Chain for your Product, Harvard Business Review, 105-116.
  • Heizer, J., Render, B. (2010), Operations Management, Prentice Hall.
  • Hillier, F. S., Lieberman, G. J. (2010), Introduction to Operations Research, McGraw-Hill.
  • Hopp, W. J., Spearman, M. L. (2008), Factory Physics, McGraw-Hill.
  • Hopp, W. J., (2011), Supply Chain Science, Waveland Press.
  • Porter, M. (1998), Competitive Strategy, The Free Press.