Mathematical/Analytical Modelling in Supply Chains - Module MF5001
Program Overview
This module educates students on mathematical models in supply chains, equipping them with modeling and software proficiency. It covers operations research concepts, software tools, linear programming, network models, integer programming, and dynamic programming. The program aims to enhance students' skills in applying mathematical models to optimize supply chain processes.
Program Outline
Outline:
This module has been designed to To provide students with knowledge on mathematical models applicable to supply chains. To provide students with modelling and software capabilities to apply mathematical models to supply chains. Introduction to Operations Research Mathematical Modelling - Software: Introduce and provide students with base skills to use software to solve mathematical models. The focus is primary on introducing the student to spread sheet modelling, but brief introductions to other modelling and optimization software will be given. Students will apply software modelling skills obtained here to subsequent topics. Linear programming Basic definition of Linear programming, demonstrate method via graphical method, model formulation applications in supply chains. Linear programming solution Simplex method, Artificial starting solution method, interpretation of simplex tableau, sensitivity analysis. Network models Integer programming Binary and integer applications in supply chains, solution methods, branch-and-bound, heuristics solution methods, genetic algorithms, and simulated annealing. Dynamic Programming Applications in supply chain planning