AIMS AND OBJECTIVES OF THE COURSE: The course objective is to extend the accumulated basic knowledge and present to students some popular and modern applied aspects of the management of production and operations through a number of management techniques associated with quantitative analyses, optimization, simulation studies in decision making, financial analyses of production costs, deployment and capacity utilization, CAD/CAE computer technology, etc.
DESCRIPTION OF THE COURSE: The course is focused on expanding students' knowledge of production operations and developing their skills in quantitative analysis and decision-making in the management of production activities, using modern management techniques and computer applications. At the end of their studies, studentя will be able to: identify production costs and analyze them in order to increase production profits; build models and make decisions for the production of new products and the corresponding inventory policy; optimize equipment loading; determine replacement and deployment of production facilities.
