Undergraduate Courses - Operations Management Only

ISOM 1500 Insightful Decisions3 Credit(s)

The course helps students develop better analytical and decision making skills in approaching practical and important social and business issues. Students will derive solutions or conclusions that require critical thinking, creativity, quantitative analysis, and common sense. Cover topics in decision traps, quantitative decision models, statistical reasoning, computer tools, data-analysis techniques, etc. and, more importantly, how these decision analysis concepts and tools can be applied in a broad set of social and business problems.

ISOM 1700 Critical Issues in Business Operations3 Credit(s)

The course will focus on how business organizations should create and sustain value for different stakeholders in the society by designing, optimizing, and improving the operations. Successful businesses have demonstrated their sustainable competitiveness by maintaining a balanced view of economic prosperity, environmental stewardship, and social responsibility. This course will also examine how the changing perspectives of stakeholders (like government and consumers) affect the business decisions and operations.

ISOM 2500 Business Statistics3 Credit(s)

Collection, tabulation and presentation of numerical data; concepts of probability and probability distributions; sampling; statistical estimation and hypothesis testing; correlation and regression analysis. Exclusion(s): CIVL 2160, IELM 2510, LIFS 3150, MATH 2411, MATH 3423

ISOM 2700 Operations Management3 Credit(s)

For SB&M students, and programs that designate the course as a required/recommended elective course. Production and service operations viewed from the strategic, tactical and operational levels; capacity planning, process selection, impact of technology location and layout, material and resource requirements, scheduling and quality control. Exclusion(s): IELM 4100, ISOM 2720

ISOM 2720 Introduction to Operations Management3 Credit(s)

For non-SB&M students. This course covers basic concepts and practices in production and service operations at the strategic, tactical and operational levels. Topics include product and process design, location and layout decisions, material requirements, resource planning, scheduling, and quality control. Exclusion(s): IELM 4100, ISOM 2700

ISOM 3530 A Second Course in Business Statistics4 Credit(s)

Practical application of statistics with emphasis on regression. Analysis of business data using a statistical package. Topics include: simple and multiple regression, residual diagnostics and model selection, experimental design and the analysis of variance. Exclusion(s): MATH 3424 Prerequisite(s): ISOM 2500 or MATH 2411

ISOM 3540 Introduction to Probability Models3 Credit(s)

Probabilities, random variables, distribution functions, densities, expected values, conditional distributions and densities, conditional expectations, moment generating functions, Chebyshev's inequality, central limit theorem, and Poisson processes. Exclusion(s): MATH 2421, MATH 3425 Prerequisite(s): ISOM 2500 or MATH 2411

ISOM 3710 Management Science4 Credit(s)

Introduction to scientific approaches to informed decision making and technical methods for managerial problem solving; spreadsheet modeling in Excel is used throughout; two important frames: constrained optimization and decisions under risk; emphases on model formulation and solution interpretation; applications to a wide variety of management situations. Exclusion(s): CIVL 2170, IELM 3010, IELM 3020, PHYS 4059

ISOM 3730 Quality and Process Management4 Credit(s)

Concepts and strategic importance of quality, organizational aspects, total quality control, quality and productivity improvement programs, quality costs and economics. Applications in industrial and service sectors. Second or third year standing preferred. Exclusion(s): IELM 3270

ISOM 3740 Service Management3 Credit(s)

Design and implementation of service strategies, service products and delivery systems; concepts and tools for effective management of service organizations. Prerequisite(s): ISOM 2700

ISOM 3760 Logistics Management3 Credit(s)

Management of purchasing and distribution of goods and services; supply management; material handling; pricing; transportation and warehousing; customer service standards. Second or third year standing preferred. Exclusion(s): IELM 3450 Prerequisite(s): ISOM 2700

ISOM 3900 Decision Analytics3 Credit(s)

This course helps the students develop better analytical skills in approaching strategic and tactical business decisions. Students will learn to derive solutions or conclusions that require critical thinking, quantitative analysis, and statistical reasoning skills. These skills are essential and indispensable for major business decisions. Prerequisite(s): ISOM 2500

ISOM 4520 Statistics for Financial Risk Management4 Credit(s)

This course provides an introduction to financial risk management. Topics include how to measure market risks, statistical properties of returns and volatility, volatility modeling, Value at Risk (VaR), Risk Metrics, historical simulation, assessing VaR methods and stress testing. Theories will be illustrated by practical examples in financial markets. Prerequisite(s): ISOM 3540 (Note: Students who have sufficient background in probability but without pre-requisite may enroll in the course upon approval by the instructor)

ISOM 4530 DStatistical Analysis of Financial Data in R/S-plus4 Credit(s)

Previous Course Code(s): ISOM 4590A] This course intends to introduce the students to modern data analysis with an emphasis on financial applications. In this course, students will study the data exploration methods, applications of regression and time series, gain experience in analyzing financial data; and become proficient in using statistical software (R or S-Plus) to do estimation, modeling, and forecasting. Prerequisite(s): IELM 2510 OR ISOM 2500 OR MATH 2411

ISOM 4540 Time Series Analysis and Forecasting4 Credit(s)

Review of regression and its application to forecasting problems; moving averages, exponential smoothing, Box-Jenkins, ARIMA models and transfer function models; forecasts of economic, financial and business time series. Exclusion(s): ECON 4304, MATH 4425 Prerequisite(s): ISOM 2500 or MATH 2411

ISOM 4550 Bayesian Statistics3 Credit(s)

Probabilities and conditional probabilities; distributions and conditional distributions; prior and posterior distributions; conjugate families of prior distributions; interval estimations and testing hypotheses; approximate posterior inference. Second and third year standing preferred. Prerequisite(s): ISOM 3540 or MATH 2421 or MATH2431

ISOM 4580 Elementary Sampling Methods3 Credit(s)

Simple random sampling, stratified random sampling, ratio and regression estimates, cluster sampling, estimation of sample size, systematic sampling, designing a questionnaire, emphasizing the practical aspects of a sample survey. Exclusion(s): MATH 3426 Prerequisite(s): ISOM 2500

ISOM 4590 Special Topics in Statistics0-4 Credit(s)

Current topics in statistics.

ISOM 4690 Independent Study in Business Statistics1-4 Credit(s)

Faculty directed independent study on selected topics in Business Statistics.

ISOM 4720 Simulation in Business and Management3 Credit(s)

Introduction to probabilistic models of operations management; generating random numbers; simulating random variables and discrete event systems; variance reduction techniques; application to risk management, option pricing and other financial problems; application to inventory, queuing, and manufacturing systems. Exclusion(s): IELM 4130 Prerequisite(s): One of ISOM 2500, MATH 2411 or MATH 2421 or MATH 2431

ISOM 4740 Enterprise Resource Management3 Credit(s)

Basic concepts and practices of enterprise resource management; popular enterprise resource planning software packages, such as SAP R/3 for discussing and building integrated business solutions. Prerequisite(s): ISOM 2700

ISOM 4750 Business Project Management3 Credit(s)

This course covers basic principles and practices of business project management. Special emphases are on project planning, scheduling, and control while addressing both the technical and the social aspects of managing business projects. Prerequisite(s): ISOM 2700

ISOM 4770 Supply Chain Management3 Credit(s)

Single node inventory control, supply chain network, demand management, manufacturing and replenishment in supply chains, information and coordination in supply chains, product variety management. For students in their third year (under three-year curriculum) or fourth year (under four-year curriculum) of study only. Other students should seek instructor’s approval for enrollment in the course. Prerequisite(s): ISOM 2700

ISOM 4780 Operations Strategy [Previous Course Code(s): ISOM 4850]3 Credit(s) 

This course will introduce students in the design and implementation of operations strategy to create competitive advantages for a company to compete in the market place. The balanced scorecard will be used as the strategic management system to monitor and measure the strategy implementation. Students will learn to integrate and align the operations decisions in different business units of a company with the company's strategy through a strategy simulation game. For students in their fourth year of study only. Exclusion(s): ISOM 3100 Prerequisite(s): ISOM 2700

ISOM 4790 Special Topics in Operations Management0-4 Credit(s)

Current developments in the field of production and operations management.

ISOM 4810 OM Best Practices3 Credit(s)

In this course, students shall study 12 applications in OM that have been judged by peers as being amongst the best in recent years. Students shall try to understand what the problem was, how it was addressed, how it worked out and attempt to learn what marked it as a success and how portable the practice can be. The principle purpose is to expose students to a wide range of good case histories in order to enhance their repertoire and experience in OM. Prerequisite(s): ISOM 2700

ISOM 4820 Revenue Management3 Credit(s)

This course focuses on how a firm should set and update pricing and product availability decisions across its various selling channels in order to maximize its profitability. Through a combination of case studies, lectures and class activities, the course will review the main methodologies and different pricing strategies used in different industries. The goal is for students to learn to identify and exploit opportunities for revenue optimization in different business contexts. Prerequisite(s): ISOM 2700 and ISOM 3710

ISOM 4840 Managing Financial Services Operations [Alternate code(s) RMBI 4110]3 Credit(s)

This course focuses on the products, processes and delivery channels in the financial industries. It analyzes and evaluates the designs and performances of the internal operations and the different distribution channels of the financial institutions, and identifies opportunities for continuous improvement in productivity, efficiency and service quality. Issues like operational risk management, application of IT, automation, outsourcing and new trends in the financial service operations for both financial institutions and non-financial institutions will be explored. Prerequisite(s )(ISOM 2500 OR MATH 2411) and ISOM 2700

ISOM 4880 Operations Management Project3 Credit(s)

This course is offered to those students who are interested in applying what they have learned in other OM courses to solve real business problems for a sponsoring corporation. Recommendation and/or implementation of solutions will be made through the use of operations management concepts, techniques, and tools. Students will work as a group and be supervised by faculty members. Enrollment in this course requires the approval of course instructor.

ISOM 4890 Independent Study in Operations Management1-4 Credit(s)

Faculty directed independent study on selected topics in operations management.

 

Updated on 03 July 2017