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OPENCOURSEWARE MATERIALS FOR THE SLOAN SCHOOL OF MANAGEMENT (COURSE 15)

 

 

Introduction to Mathematical Programming

 

Prof. John Tsitsiklis

 

Course Description

 

"This course offers an introduction to optimization problems, algorithms, and their complexity, emphasizing basic methodologies and the underlying mathematical structures. The main topics covered include:

- Theory and algorithms for linear programming
- Network flow problems and algorithms
- Introduction to integer programming and combinatorial problems*"

 

 

Management Information Systems

 

Prof. Cyrus Gibson

 

Course Description

 

"The course purpose is to provide the substance and skill necessary to make sound business decisions relating to information systems, and to work with senior line managers in the resolution of issues and problems in this area. Categories of issues which will be addressed in the course include:

  • How do IT and its various manifestations in business, such as the Internet, affect current & future COMPETITIVENESS? How do we align business strategy and plans with IT strategy and IT plans?

  • How can we ENGAGE executives in learning and leading IT-related change?

  • How do we IMPLEMENT new systems, CHANGE work behavior, MANAGE projects?

  • How should we ORGANIZE and GOVERN IT in an organization?*"

 

Introduction to Optimization

 

Prof. James Orlin

 

Course Description

 

"15.053 is an undergraduate subject in the theory and practice of optimization. We will consider optimization models with applications to transportation, logistics, manufacturing, computer science, E-business, project management, finance as well as several other domains. This subject will survey some of the applications of optimization as well as heuristics, and we will present algorithms and theory for linear programming, dynamic programming, integer programming, and non-linear programming.

 

One way of summarizing a subject is a lecture by lecture description of the subject, or a description of the methodologies presented in the subject. We do list a lecture by lecture description, but first we describe several cross cutting themes.*"

 

 

Systems Optimization

 

Prof. John Vande Vate

 

Course Description

 

"Managers and engineers are constantly attempting to optimize, particularly in the design and operation of complex systems. This course is an application-oriented introduction to (systems) optimization. It seeks to:

  • Motivate the use of optimization models to support managers and engineers in a wide variety of decision making situations;

  • Show how several application domains (industries) use optimization;

  • Introduce optimization modeling and solution techniques (including linear, non-linear, integer, and network optimization, and heuristic methods);

  • Provide tools for interpreting and analyzing model-based solutions (sensitivity and post-optimality analysis, bounding techniques); and

  • Develop the skills required to identify the opportunity and manage the implementation of an optimization-based decision support tool.*"

 

Game Theory for Managers

 

Prof. David McAdams

 

Course Description

 

"This half-term course examines the choices that we make which affect others and the choices others make that affect us. Such situations are known as "games" and game-playing, while sounding whimsical, is serious business. Managers frequently play "games" both within the firm and outside it – with competitors, customers, regulators, and even capital markets! The goal of this course is to enhance a student's ability to think strategically in complex, interactive environments. Knowledge of game theory will give students an advantage in such strategic settings. The course is structured around three "themes for acquiring advantage in games": commitment / strategic moves, exploiting hidden information, and limited rationality.*"

 

 

Data, Models, and Decisions

 

Prof. Robert Freund Prof. Yashan Wang

 

Course Description

 

"This course introduces students to the basic tools in using data to make informed management decisions. It covers introductory probability, decision analysis, basic statistics, regression, simulation, linear and nonlinear optimization, and discrete optimization. The computer spreadsheet exercises, cases, and examples are drawn from marketing, finance, operations management, and other management functions. The course is restricted to first-year Sloan master's students.*"

 

 

Network Optimization

 

Prof. James Orlin

 

Course Description

 

"15.082J/6.855J is an H-level graduate subject in the theory and practice of network flows and its extensions. Network flow problems form a subclass of linear programming problems with applications to transportation, logistics, manufacturing, computer science, project management, finance as well as a number of other domains. This subject will survey some of the applications of network flows and focus on key special cases of network flow problems including the following: the shortest path problem, the maximum flow problem, the minimum cost flow problem, and the multi-commodity flow problem.*"

 

 

Nonlinear Programming, Spring 2004

 

Prof. Robert Freund

 

Course Description

 

"This course introduces students to the fundamentals of nonlinear optimization theory and methods. Topics include unconstrained and constrained optimization, linear and quadratic programming, Lagrange and conic duality theory, interior-point algorithms and theory, Lagrangian relaxation, generalized programming, and semi-definite programming. Algorithmic methods used in the class include steepest descent, Newton's method, conditional gradient and subgradient optimization, interior-point methods and penalty and barrier methods.*"

 

 

Nonlinear Programming, Spring 2003

 

Prof. Dimitri Bertsekas

 

Course Description

 

"6.252J is a course in the department's "Communication, Control, and Signal Processing" concentration. This course provides a unified analytical and computational approach to nonlinear optimization problems. The topics covered in this course include: unconstrained optimization methods, constrained optimization methods, convex analysis, Lagrangian relaxation, nondifferentiable optimization, and applications in integer programming. There is also a comprehensive treatment of optimality conditions, Lagrange multiplier theory, and duality theory. Throughout the course, applications are drawn from control, communications, power systems, and resource allocation problems.*"

 

 

Systems Optimization: Models and Computation

 

Prof. Robert M. Freund, Prof. Chung Piaw Teo

 

Course Description

 

"An applications-oriented course on the modeling of large-scale systems in decision-making domains and the optimization of such systems using state-of-the-art optimization tools. Application domains include: transportation and logistics planning, pattern classification and image processing, data mining, design of structures, scheduling in large systems, supply-chain management, financial engineering, and telecommunications systems planning. Modeling tools and techniques include linear, network, discrete and nonlinear optimization, heuristic methods, sensitivity and post-optimality analysis, decomposition methods for large-scale systems, and stochastic optimization.*"

 

 

Information Technology I

 

Prof. Chrysanthos Dellarocas

 

Course Description

 

"Information Technology I helps students understand technical concepts underlying current and future developments in information technology. There will be a special emphasis on networks and distributed computing. Students will also gain some hands-on exposure to powerful, high-level tools for making computers do amazing things, without the need for conventional programming languages. Since 15.564 is an introductory course, no knowledge of how computers work or are programmed is assumed.*"

 

 

Information Technology as an Integrating Force in Manufacturing

 

Prof. Brian Subirana

 

Course Description

 

"In virtually every industry and every firm, information technology is driving change, creating opportunities and challenges. Leaders who don't understand at least the fundamentals of information systems will be at a strategic disadvantage. This course provides broad coverage of technology concepts and trends underlying current and future developments in information technology, and fundamental principles for the effective use of computer-based information systems. There will be a special emphasis on manufacturing. Information Systems topics that will be covered include networks and distributed computing, including the World Wide Web, hardware and operating systems, software development tools and processes, relational databases, security and cryptography, enterprise applications, B2B, the semantic web and electronic commerce. Sloan LFM students with an interest in Information Systems are encouraged to register for this course.*"

 

 

Management Information Systems: Generating Business Value from Information Technology

 

Prof. Peter Weill

 

Course Description

 

"Information Technology is pervasive in today's firms. For many firms IT is the single largest capital investment, often exceeding 50% of capital expenditure. As a result, in this course we take the strategic perspective of the general manager and study how these leading firms get more value from their IT investments. The course focuses on the business value that can be achieved rather than the details of the technology. Issues around IT governance will pervade the course.*"

 

 

IT and Business Transformation

 

Prof. Cyrus Gibson

 

Course Description

 

"The purpose of this Proseminar in Information Technology and Business Transformation (ITBT) is to provide students with a view of IT-enabled transformation and the strategic issues in the management of IT. The seminar will bring in CIOs, CEOs, and experienced consultants and industry observers to provide their perspectives and tell their stories about the use and management of IT today. Their talks will deal with the new technology, the new applications, the issues of implementation, the changes in industries and companies, and the strategic management of IT. In addition, there will be several case discussions of issues to be decided by senior management, with students taking on the position of executives and consultants. There will also be frameworks presented and used to position all material and speakers. Finally, one session will consist of ITBT alumni discussing career opportunities and issues for students, particularly from MIT, with these interests. Students will gain a perspective of the strategic role of and issues in managing IT as manifested in e-business applications, as a driver and enabler of business transformation, and as an underlying infrastructure resource for all businesses.*"

 

 

Operations Management

 

Prof. Charles Fine

 

Course Description

 

"Our objective in this course is to introduce you to concepts and techniques related to the design, planning, control, and improvement of manufacturing and service operations. The course begins with a holistic view of operations, where we stress the coordination of product development, process management, and supply chain management. As the course progresses, we will investigate various aspects of each of these three tiers of operations in detail. We will cover topics in the areas of process analysis, materials management, production scheduling, quality improvement, and product design.

To pursue the course objective most effectively, you will have to:

  1. Study the assigned reading materials.

  2. Prepare and discuss cases, readings, and exercises in class.

  3. Prepare written analyses of cases.*"

 

Introduction to Operations Management

 

Prof. Jérémie Gallien

 

Course Description

 

"This half-term course introduces students to problems and analysis related to the design, planning, control, and improvement of manufacturing and service operations. Class sessions involve explaining concepts, working examples, and discussing cases. A wide range of topics are covered, including: process analysis, quality management, supply chain design, procurement, and product development. Toward the end of the course, students work in teams to manage a virtual factory in a web-based simulation exercise.*"

 

 

Operations Strategy

 

Prof. Charles Fine, Prof. Michael Hammer

 

Course Description

 

"This course will address operations strategy by building on the concepts of:

  1. Reengineering and process design developed by Dr. Michael Hammer.

  2. Manufacturing strategy as developed in the literature, primarily by people at HBS.

  3. Supply chain design and 3-D concurrent engineering literature as developed in Charles Fine’s book, Clockspeed: Winning Industry Control in the Age of Temporary Advantage. Perseus Books, 1999.

The concepts there emphasize the necessity of integrating product strategy, manufacturing strategy, and supply chain strategy. As a result, each of these will be touched upon in the course.*"

 

 

Management of Supply Networks for Products and Services

 

Prof. Gabriel Bitran

 

Course Description

 

"This course covers organizational, strategic and operational aspects of managing Supply Networks (SNs) from domestic and international perspectives. Topics include alternative SN structures, strategic alliances, design of delivery systems and the role of third party logistics providers. Many of the activities exchanged among enterprises in a SN are of a service nature, and the final output is often a combination of tangible products and services which the end-customer purchases. A series of concepts, frameworks and analytic tools are provided to better understand the management of service operations. Guest speakers share their experiences in managing SNs and services. Restricted to MIT Sloan Fellows in Innovation and Global Leadership.*"

 

 

System Dynamics for Business Policy

 

Prof. John Sterman, Prof. J. Bradley Morrison, Prof. Nelson Repenning
 

Course Description

 

"15.874 and 15.871 provide an introduction to system dynamics modeling for the analysis of business policy and strategy. Students learn to visualize a business organization in terms of the structures and policies that create dynamics and regulate performance. The course uses role playing games, simulation models, and management flight simulators to develop principles for the successful management of complex strategies. Special emphasis will be placed on case studies of successful strategies using system dynamics.

15.874 is a full semester course and 15.871 is a half semester course. The two classes meet together and cover the same material for the first half of the term. In the second half of the semester, only 15.874 continues.*"

 

 

Applications of System Dynamics

 

Prof. James Hines

 

Course Description

 

"15.875 is a project-based course that explores how organizations can use system dynamics to achieve important goals. In small groups, students learn modeling and consulting skills by working on a term-long project with real-life managers. A diverse set of businesses and organizations sponsor class projects, from start-ups to the Fortune 500. The course focuses on gaining practical insight from the system dynamics process, and appeals to people interested in system dynamics, consulting, or managerial policy-making.*"

 

 

 

*From OpenCourseWare, published by MIT

 

 

 

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