(Prerequisite: MATH 107 or 114) Detailed coverage of descriptive statistics. An introduction to the elements of probability theory (including Bayes's theorem) and decision theory, and index numbers. The major discrete and continuous probability distributions are covered with an emphasis on business applications. Data analysis will be done using the appropriate software.
(Prerequisite: STAT 251; corequisite: C/IL 104) A survey of inferential statistical methods covering sampling distributions, interval estimation, hypothesis testing, goodness-of-fit tests, analysis of variance, regression and correlation analysis, and non-parametric statistics. Data analysis will be done using the appropriate software.
(Prerequisite: MATH 107 or 114) Coverage of statistical tools to analyze economic data. Topics include measures of central tendency, dispersion, probability distributions, index numbers, time series analysis, regression and correlation, and analysis of variance. Data analysis will be done using the appropriate software.
(Prerequisite: STAT 251) A survey of quantitative techniques used to analyze and solve business problems. Topics include linear programming methods, waiting for line models, project scheduling, and simulation. Emphasis is placed on model building and analysis using spreadsheet software.
(Prerequisites: OIM 351, STAT 252) A functional view of how to manage the activities involved in the process of converting or transforming resources into products or services. Topics include an overview of strategic decisions, forecasting, product design, process planning, facility layout, basic inventory models, capacity planning, aggregate planning, and scheduling.
This is the first course in the area of Enterprise Management. Students will learn to appreciate the integration of a company's core business processes. Students will be exposed to the main business processes that drive an organization, the interactions within and between them, and the effect of integration on the decision-making environment. This course uses an enterprise-wide integrated information systems software and simulated data for a model company.
OIM 362 - Quality Management - 3 credits
The philosophy of Total Quality Management (TQM) and issues concerning its implementation are studied, covering the approaches of well-known leaders in the field, e.g., Deming. Topics include employee empowerment, quality-improvement tools, cross-functional teams, leadership fro quality, statistical process control, process capability, Taguchi methods, ISO 900 standards, and the role of inspection in quality management.
(Prerequisite: STAT 252) The philosophy of Total Quality Management (TQM) and issues concerning its implementation are studied, covering the approaches of well-known leaders in the field, e.g., Deming. Topics include employee empowerment, quality-improvement tools, cross-functional teams, leadership for quality, statistical- process control, process capability, Taguchi methods, ISO 9000 standards, and the role of inspection in quality management.
(Prerequisite: OIM 471 or permission of instructor) Many companies view Supply Chain Management as the core of their business strategy. The student will learn how principles of Supply Chain Management integrate into the management of the enterprise and the business processes. Students will examine the use of information technologies in Supply Chain Management. Computer software will be used to gain hands-on experience. (OIM 366 and EC 470 are offered jointly.)
(Prerequisite: MGT 351) This course will examine advanced project-management concepts from all phases of the project lifecycle (from requirements- specification through post-project assessment). Special emphasis will be placed on understanding projects within the context of complex organizational settings by utilizing an open-systems perspective. Linkages with more permanent administration structures within the organization will be reviewed. (OIM 462 and MGT 462 are offered jointly.)
OIM 470 - Production Planning and Control - 3 credits
(Prerequisite: OIM 352) This course is concerned with the study of production planning and control activities in an enterprise resource planning context. Topics include forecasting, aggregate planning, capacity planning, master production scheduling, material requirements planning, production activity control, purchasing, inventory models, and Just-in-Time Systems. The interactions between operations and the other functional areas of the business will be emphasized.
(Prerequisite: C/IL 104) Computers and how they can be applied to the operations and management of business firms. Topics include data processing concepts, overviews of computer hardware and software, modern data- and information- processing systems, applications of computers in business, acquiring and managing of computer and information resources. Software packages will be used to gain hands-on experience.
(Prerequisites: EC 361, EC 362) The course examines the issues related to the starting of new technology-based businesses. It focuses on entrepreneurial traits, idea generation, entry strategies, marketing plans and development of business plans. Venture capital and other forms of financing will also be covered. In addition, there will be a discussion on legal and intellectual properties issues. (OIM 472 and EC 472 are offered jointly.)
(Prerequisite: OIM 471) Students explore the use of computer and telecommunication networks to achieve organizational goals. Topics include data communications; planning and design of communication networks; data integrity, independence, and security; client-server computing; global communication; the Internet; applications of telecommunication networks and current issues and future trends. (OIM 473, and EC 473 are offered jointly.)