Entry requirements

120 credits including 20 credits in mathematics. Industrial Management, alternatively a basic course in Industrial economy should have been attended. Proficiency in English equivalent to the Swedish upper secondary course English 6.

Learning outcomes

On completion of the course, the student should be able to:

• explain and describe the strategic importance of optimized supply chains with high efficiency,
• explain and describe the strategic role of procurement for the efficiency of supply chains,
• manage logistical issues such as purchasing, warehousing, queuing and production,
• simulate and optimize the elements of the logistics flow,
• develop policy options and perform decision analysis with regard to risk and forecasts regarding the supply and marketing strategies.

Content

Strategic planning and optimized design of the location, transportation, and internal and external flows (Supply Chain Management and Demand Chain Management). Models and methods of decision analysis in product development, sourcing and supplier strategies, outsourcing, strategic alliances, inventory management, and forecasting. Mathematical models for inventory optimization, demand planning, project planning, optimization in queues, general optimization, simulation, risk, game theory, and optimization of product selection.

Instruction

Lectures, exercises, seminars and tutorials.

Assessment

Written home exam (5 credits), where written assignments during the course could result in a higher grade.

If there are special reasons for doing so, an examiner may make an exception from the method of assessment indicated and allow a student to be assessed by another method. An example of special reasons might be a certificate regarding special pedagogical support from the disability coordinator of the university.