Course Descriptions

Course catalog descriptions for courses offered in the F09 term.

Operations and Management Science

Department Chairperson: Duenyas, Izak
Department Website: http://www.bus.umich.edu/Academics/Departments/OMS
 
 
OMS 501 Applied Business Statistics
  3 hours Core Terms Offered: F09
  Course Prerequisites: No credit in TO 502 
  Advisory Prerequisites: College algebra 
   
  Applied Business Statistics --- Evening MBA Core Course. Mathematics review; descriptive statistics, and the graphical description of data. Calculation of even probabilities, random sampling, and assessing personal probabilities. Normal, binomial, and Poisson distributions. Sampling distributions and the tabular analysis of large data sets. Confidence intervals and tests of hypotheses. The computer will be used to demonstrate these topics. Decision trees and expected value of information. Quality control charts; simulation models. Correlation and regression analysis with diagnostics. Framing hypotheses based on large data sets; survey sampling concepts.
 
 
OMS 551 Introduction to Operations
  3 hours Core Terms Offered: F09
  Course Prerequisites: TO 501 and no credit in TO 552 
   
  Introduction to Operations --- This course prepares students to think managerially and analytically about operations processes, and to use the results of analysis to make things work better, faster and cheaper. Operations management studies the value-creating processes by which inputs of materials, labor, capital and information are transformed into products and services which customers want and are willing to play for. These processes can be managed well or poorly. Knowledge introduced in this course will help you understand the reasons for both.
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OMS 572 Applied Business Forecasting I
  1.5 hours Elective Terms Offered: F09(B)
  Advisory Prerequisites: OMS 502 
   
  Applied Business Forecasting I --- Students acquire hands-on experience with building and applying forecasting models to actual data on sales, inventories, income, earnings per share, and other variables widely encountered in business. Understanding practical issues of data acquisition, data analysis, and presentation to management in both oral and written form are emphasized. Problems of trend and seasonal forecasting in marketing, production and finance (other fields are considered, as is short-term forecasting with exponential smoothing.) The course features problem sets, cases, and a capstone case at the end of the term, done by teams.
 
 
OMS 620 Supply Chain Management
  3 hours Elective Terms Offered: F09
  Advisory Prerequisites: OMS 551/552 
   
  Supply Chain Management --- This course aims to develop an understanding of key devices of supply chain performance and their interrelationship with firm strategy. Special emphasis is given to tools and skills necessary to develop solutions for a variety of supply chain design problems and inter-firm and intra-firm coordination issues.
 
 
OMS 623 Information Technology Strategy in Supply Chain and Logistics
  1.5 hours Elective Terms Offered: F09(B)
   
  Information Technology Strategy in Supply Chain and Logistics --- Digital technologies have permeated every aspect of modern business. The capacity to execute any business model rests heavily on the approach taken by firms in organizing their information architecture. This course will explore the role of information architecture on Supply Chain and Logistics functions. We will discuss the dominant technologies traditionally used in planning, forecasting, scheduling and managing supply chains. We will then explore the emerging new technologies such as SOA ( Service Oriented Architecture) that enable firms to innovate in their business models through dynamic engagement with their supply partners in an evolving global supply networks. Class discussions and case studies will include technology and business process choices in new product development, design, MRP, ERP, distribution and logistics.
 
 
OMS 750 Independent Study Project
  1 - 3 hours Elective Terms Offered: F09
  Advisory Prerequisites: Graduate standing 
   
  Independent Study Project --- Independent study projects, supervised by faculty, are available to graduate business students in good academic standing. To select a project, students should consult the appropriate professor about the nature of the project and the number of credit hours the work would earn. Students earn one to three credit hours per project and may elect only one study project in a term. Graduate business students should consult their program bulletins for information
regarding total number of projects and credits that can be applied to their degree. To register for a project students must submit an approved Independent Study Project application, available online.