PRODUCTION PLANNING AND INVENTORY CONTROLISE 4204 – Fall 2014InstructorGraduate Teaching AssistantsCourse ObjectivesCourse Topics:TextbooksGradingHomework DetailsExamsThe Manufacturing GameAbsences and Missed WorkCoursepageAccommodationsHonor CodePrinciples of CommunityFamily Education Rights and Privacy Act (FERPA)VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY GRADO DEPARTMENT OF INDUSTRIAL AND SYSTEMS ENGINEERING PRODUCTION PLANNING AND INVENTORY CONTROL ISE 4204 – FALL 2014 TR 12:30-1:45 Surge 118C CRN 84092 Final Exam 12T - Dec 12, 10:05am TR 9:30-10:45 Surge 104D CRN 84093 Final Exam 09T - Dec 16, 7:45am INSTRUCTOR Dr. Natalie Cherbaka Durham Hall 117 [email protected] TH 10:50-11:30, (DOR II - MW 10-11:30a), or by appointment GRADUATE TEACHING ASSISTANTS Sukhwa Hong [email protected] Durham 114 TBD- scholar calendar Maryam Andalib [email protected] Whitemore 536F Friday 9:30-11:30COURSE OBJECTIVES Planning and control of operations, in manufacturing and service industries, is critical to • the effective management and utilization of resources, and • the production of cost effective products and services. The design of production planning and inventory control systems also affects an organization's ability to rapidly respond to changes in the marketplace and satisfy customer requirements. This course covers the principles, models, and techniques for planning, analyzing, and designing integrated production planning and control systems. Specifically, upon successful completion of this course, the student should be able to: 1. identify different strategies employed in manufacturing and service industries to plan production and control inventory; 2. identify the major components of a production management system and describe the relationships between the components; 3. construct models for production planning and inventory control problems; 4. identify and describe appropriate techniques and approaches for solving production planning and inventory control problems; 5. design a production plan including an aggregate production plan, master production schedule, and a material requirements plan for a given forecast and set of products; and apply appropriate techniques for solving representative production planning and inventory control problems. 1COURSE TOPICS: Course Topic Reading Introduction Chapter 1 Synchronous Manufacturing Systems The Goal Aggregate Planning Chapter 3 Inventory Planning - Known Demand Chapter 4 MIDTERM EXAM 1 7-8:30pm, Wednesday October 8, Whit 300 Inventory Planning - Uncertain Demand Chapter 5 Material Requirements Planning Chapter 7 Operations Scheduling Chapter 8 MIDTERM EXAM 2 7-8:30pm, Tuesday November 11, Whit 300 Forecasting Systems Chapter 2 The Manufacturing Game Holiday Inn, 6:30-10:30pm, Dec 7,8, or 9 TEXTBOOKS Nahmias, S., Production and Operations Analysis, 6th Edition, McGraw-Hill Irwin, Inc., 2009 The publisher has prepared a special version of this text for our class. The special edition is shorter in length and also less expensive. It is available at the bookstore, with ISBN-10: 0-39-087106-0. Goldratt, E., The Goal, 3rd Revised Edition, North River Press, Inc., 2004. GRADING Exam 1 22% 7-8:30pm, Wednesday October 8, Whit 300 Exam 2 22% 7-8:30pm, Tuesday November 11, Whit 300 Homework and other 22% Manufacturing Game 13% Evening event required, December 7, 8, or 9 Final Exam 21% University scheduled time in classroom The final course grade is based on the total weighted points and the following scale. Requests for end of semester extra credit, curves, points, etc. will NOT be considered with the exception of obvious recording errors. Re-grade requests are due within a week of exams, not the end of the semester. 2HOMEWORK DETAILS Homework is an opportunity to execute concepts covered in class, and serves as a gauge for your comprehension of course material. The exchange of opinions and discussion with your peers is valuable and encouraged. However, it is expected that each student completes their homework on their own and shows independent work. Homework score will be calculated based on total points of homework and any other graded work (quizzes, in-class work, etc). A 5% curve will be added; that is, 5% of the total possible homework points will be added to your homework total, with the total homework score not to exceed 100%. Unless otherwise stated, all homework will be submitted in the assignment section in scholar. You may scan in handwritten work when appropriate. Please confirm, double-check, and leave time for errors with submissions in Scholar. If scholar is causing you to be late with an assignment immediately document the problem via email with a GTA. With permission from a GTA or Instructor, late homework will be accepted (for most assignments) for up to 48 hours after the due date with a 10% deduction per 24 hours. EXAMS Exams are closed book, notes, etc. with the exception of a calculator (no phones or other similar devices). Necessary formulas will be provided on the exam. Requests for re-grading exams must be submitted in writing with explanation on a cover sheet, within one week of when the exams are first returned. End of semester requests will not be considered. For approved absences from an exam, the instructor needs to be notified before the exam. It is your responsibility to receive permission from the instructor and schedule a timely make-up exam. If this cannot be accomplished, the final exam score will replace a missed mid-term. THE MANUFACTURING GAME The course project involves planning and executing a schedule for The Manufacturing Planning Game. The Game is played with a team of 8-14 students, depending on total class sizes. Each student takes a role in the business: CEO, CFO, Inventory Manager, Production Planner, Production Worker, etc. The Game involves developing production plans for three products over a specified time horizon. Plans are implemented by purchasing inventory, producing products, while attempting to meet sales demands that are randomly generated at the end of each time period. Cost and revenues are recorded for each time period and the team that generates the highest profit wins the game. Additional information on The Manufacturing Planning Game will be provided as the semester progresses. Range Letter Grade 93 -100 A 90 – 92 A- 87 – 89 B+ 83 – 86 B 80 – 82 B- 77 – 79 C+ 73 – 76 C 70 – 72 C- 67 – 69 D+ 63 –