May 17th 2016
We are looking forward to the course. It is a course we developed to help you become a better modeler or better manager of modelers. This course combines some of our best material we use in the classroom at Northwestern with practical exercises and cases.
Sara Hoormann (nee Lewis) and I will lead the course. If you have questions, please reach out to us.
Here is the agenda:
Foundations in Supply Chain Design
Understanding the fundamentals makes you a better modeler. This one day course
provides participants with a chance to ‘lift the hood’ on Network Design modeling. By
lifting the hood, you will come away with a deeper understanding of how network design
works. This will help you build better models and help you communicate the results
within your organization.
Join the authors of the book Supply Chain Network Design Dr. Michael Watson and
Sara Hoormann (Lewis) as they lead through an educational and interactive course.
The course will feature a variety of discussions, games, advanced tips and tricks, and
hands-on exercises. The class is meant for beginners as well as those who have been
doing network design for a long time.
- Become a better modeler by understanding the foundations of network design
- Learn linear and integer programming—the science behind the solve button
- Learn what simulation is (from a business and modeling point of view) and the
different types of simulation
- Get introduced to some new ideas and areas for further study
1. So what is Network Design? (A review and fresh take on a familiar topic)
2. What is a ‘Model’? (And, what are different types of supply chain models and how detailed do your models need to be?)
3. Introduction to optimization and the science behind network design
a. Linear Programming
b. Integer Programming
c. Applications/Exercises for Network Design
4. Introduction to Simulation
a. Static Simulation
b. Dynamic Simulation
c. Understanding the application of optimization vs simulation
5. What’s New and Advanced in network design?
a. Multi-objective and sequential optimization—what is this and why everyone should be using this
b. What is profit maximization vs cost minimization and why you should (most) always use just one of these
c. Inventory optimization and network design combined
6. Tips, Tricks and Additional Learning Opportunities
a. Fundamentals of good visualizations (or, your results won’t be used if you can’t communicate the impact)
b. Notes on data (why you can’t rely on financial data and why you may need more data than you think)