Module Description
Production and Operations Management
Short Code:
Language of Instruction:
ECTS-Credits:
Workload (h):
Central Idea:
Manufacturing companies, with their typical performance systems of products and associated services, form the basis of modern economies. For this reason, business economists should be familiar with the specific challenges of such companies, regardless of their future field of work.
The field of production management focusses on the planning, control and monitoring of production; in the field of operations management, its systematic optimization is added. Accordingly, this course spans from qualitative, causal understanding of production systems to the quantitative, mathematically based control decisions.
Module Coordinator:
Lecturers:
Location (Offered):
Additional Required Knowledge:
Basics Mathematics; Basics Spreadsheet with MS Excel
Module Type:
Comments:
Workload[h]
Contace hours: 26
Guided self-study: 44
Independent self-study: 20
Module Evaluation:
Performance Evaluation
During the Exam Session:
Exam Comments:
- closed book, cheat-sheet 2 A4 pages (written on both sides by hand or computer),
- calculator (no communication capable devices)
During the Semester:
Evaluation Type:
Contents
Intended Learning Outcomes (Final Competences):
Professional competences:
Participants can:
- Understand functional relationships in production processes, analyze them based on typical key figures and KPIs, and evaluate them comparatively using basic metrics.
- Solve fundamental issues in logistics.
- Make quantitatively sound control decisions in production and logistics.
Methodological competences:
Participants can:
- Select problem-specific suitable modelling approaches, apply them to concrete production processes, and develop solutions based on this.
- Apply selected quantitative optimization approaches and interpret the results.
Self-competences:
Participants can:
- Apply the acquired expertise (production management) to manageable practical examples.
- Acquire specialized knowledge from given literature independently, identify gaps and close them by asking specific questions.
Social competences:
Participants can:
- develop answers to concrete tasks appropriate to the target audience
Module and Learning Content:
Topic area I: Process Design
- Characteristics of production processes
- Model and evaluate production processes
- Improvement in production processes
Topic area II: Special Approaches to Productions Management
- Supply Chain Management
- Lean Management
Topic area III: Quantitative Methods in Operations Management
- Deterministic Inventory Optimization (Economic Order Quantity- Modell and Extensions)
- Stochastic Inventory Optimization (Newsvendor Problem; α- and β- Service Levels)
Teaching and Learning Methods:
During in-classroom teaching, lecture blocks alternate with application and reflection tasks. The aim is to achieve a timely, intensive engagement with the inputs and thus create the basis for a dialogue-oriented teaching.
This approach is deepened by additional tasks to be solved in self-study between the contact lessons, thus creating occasions for explorative learning and more in-depth discussions at the beginning of each subsequent contact lesson.
Various short videos are used to help students visualize typical production problems.
Bibliography:
Mandatory:
- made available on Moodle:
- Slide scripts (+ reader on selected topics)
- Roman Hänggi: LEAN Production easy and comprehensive, Springer Verlag 2022
- Tasks with solutions
- Video links with evaluations
Optional:
- Ulrich Thonemann: Operations Management - Concepts Methods and Applications; 3rd updated edition, Pearson Verlag 2015; ISBN 978- 86894-221-7
- Corsten, Hans; Gössinger, Ralf: Produktionswirtschaft : Einführung in das industrielle Produktionsmanagement, 13., vollst. überarb. und erw. ed.; Oldenbourg-Verlag, 2012.
- Winston, Wayne L., Operations Research: Applications and Algorithms, Vol. 4. Duxbury Press, 2004.