BUSINESS CORE COURSE

All Foster students must complete this course. It lays the groundwork for the Operations Management Option.

 

OPMGT 301 Principles of Operations Management (4)
Examines problems encountered in planning, operating, and controlling production of goods and services. Topics include: waiting-line management, quality assurance, production systems, project management, and inventory management. Computer and quantitative models used in formulating managerial problems. Prerequisite: ACCTG 225; ECON 200; either MATH 112, MATH 124, MATH125, MATH 134, or MATH 145; either ECON 311, IND E 315, QMETH 201, Q SCI 381, PSYCH 315, PSYCH 318, STAT 220, STAT 301, STAT 221, STAT 311, or STAT 390.

 

OTHER REQUIRED COURSES

Students wishing to obtain an Operations Supply Chain Management (OSCM) option must complete the following courses. The table provides the schedule for 2012-2013.

2012 Autumn	2013 Winter	2013 Spring
QMETH 450	OPMGT 443	OPMGT 450
OPMGT 450	IS 451	IS 451
		QMETH 450

QMETH 450 Spreadsheet Models for Managerial Decision Making (4) Formulation and solution of business problems using business analytics techniques in a spreadsheet environment. Techniques of linear and integer programming, decision analysis, network optimization, queuing, and simulation. Applications from marketing, finance, and operations. Prerequisite: IS 300.

OPMGT 443 Inventory and Supply Chain Management (4) Modeling and analysis of material and work flow through different firms in global supply chains in order to improve customer service and decrease total cost. The course provides a comprehensive coverage of tools and methods used in managing inventory of items with different demand and supply characteristics.   Specific topics include forecasting & operations planning, Just-in-Time production, deterministic and stochastic inventory models, material requirements planning (MRP), and supplier management. Prerequisite: OPMGT 301.

OPMGT 450 Introduction to Project Management (4) Focuses on management principles, methods, and tools to effectively plan and implement complex projects. There are four sections: project selection, preparation, planning, and monitoring. The course covers classical techniques and new methodologies, spreadsheet-based tools, and probabilistic project simulation. Topics are covered from strategic, tactical, and operational perspectives. Prerequisite: OPMGT 301.

IS 451 Data Mining for Business Intelligence (4) Introduction to data mining concepts and techniques, including association rules, decision trees, cluster analysis, classification, logistic regression, text mining, and web analytics. Real-world applications in information systems, supply chain management, and marketing. Prerequisites: OPMGT301, IS 300.