13027 The Strategy of Operations

Credits: 3 graduate credits in Business Administration / Operations Management

Prerequisites: Operations Research, Accounting for Managers, Marketing, Management and Organizational Behavior, Financial Management, Corporate Law for Managers

The course is based on a Hebrew translation and adaptation of Production and Operation Analysis (4th ed.), by S. Nahmias (McGraw-Hill, 2001).

The course imparts concepts in operations management as well as analytical tools for decision-making in the process of planning and implementing activities in the organization, with an emphasis on strategic aspects of the organization’s areas of activity. The three major operating areas in every organization are marketing, finance and operations. All three have practical and strategic aspects. Marketing serves as a bridge between the organization and the outside world and is responsible for the relationship between the organization and its customers. The finance area is responsible for finding financing sources (external and internal) for the organization’s activities. The operations area is responsible for all activities directly related to the achievement of the organization’s goals.

Topics: Planning and timing of production quantities and resources; Planning required production capacity; Inventory control under conditions of certainty and uncertainty.