The primary objective of this course is to investigate
how managerial issues are identified, defined,
conceptualized, modeled, and solved in order to make
sound decisions that will improve operational
efficiency and effectiveness of a firm. The tetrahedron
of managerial situation - conceptual model - formal
model - decision and its connecting processes
conceptualization - modeling - solving - implementation?
will be discussed through different examples, including
the areas of inventory management, performance
management, business networking, strategy formulation,
group decision making, consensus formation, and
project selection. Also to be discussed are equivalent
formulations and modeling for higher computational
efficiency in obtaining solutions and better
representativeness of managerial situation. While
presenting these examples the underlying
ontological and epistemological assumptions will also be
discussed in terms of their implications for the
advancement of knowledge in the area of
operations management.
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