Jonathan Eckstein's Advanced Operations Management Class 33:623:400 (Fall 2005)
Announcements (As of
August 08, 2006 01:56 PM)
- It's over! You can retrieve your
homework 10, final exam, and overall course grades from the
FAS gradebook system.
Course grades should also appear on the
Rutgers official grade website
by 6 AM, December 20.
- The final turned out to be very hard. Only one person scored over
90, and the mean was 66. Question 3 (the one about the supermarket) was
the biggest disappointment. This problem could be solved by using
Little's Law twice, but nobody got it.
I applied a pretty generous "curve"
to the final course grades.
- Regular office hours are over for the semester. Further meetings are
by appointment only.
- Homework 10 is graded and can be retrieve from outside my office door at
the Levin building, in the box marked "AOM"
- Homework solutions are available at the bottom of this
page. I have now posted all solutions except homework 10,
which is due at the final exam. Since the simulation material for
homework 10 was not on the exam, I am not planning on posting a solution.
Usual Office Hour Schedule
My office for meeting undergraduate students is in the J. H. Levin building, room 255.
My regular
office hours for Fall 2005 (subject to change) are:
- Tuesday 2:30 - 4:30 PM
- Thursday 3:00 - 4:30 PM
- Or other times by appointment.
Handouts and Class Materials
To read PDF files, you may use
Adobe Reader.
- Thursday, September 1: Introduction, optimization via calculus,
pricing problems
- Tuesday, September 6: Introduction to EOQ inventory models
- Thursday, September 8: More optimization via calculus,
piecewise-constructed functions, EOQ with quantity discounts
- Tuesday, September 13: EOQ with continuous production/delivery;
present value approach to EOQ
- Thursday, September 15: Present value with quantity discounts,
EOQ with backorders, multivariable optimality conditions, just-in-time
- Tuesday, September 20: Basics of decision trees
- This class was based on example 3 on pages 58-59 of the text
- Thursday, September 22: Probability review, Bayes' formula, and its
application to decision trees
- Tuesday, September 27: Decision criteria and utility theory
- Thursday, September 29: Finish utility theory, examples,
difficulties with utility theory
- For Tuesday, October 4, please read the Merck
& Company case, try to analyze it, and be ready to discuss
it in class.
- Tuesday, October 4: Review homework 3, discuss Merck case
- Thursday, October 6: Probabilistic inventory I: the critical
fractile method
- Tuesday, October 11: Union Carbide Butane Transport case
- carbide.xls: spreadsheet solution of the Union
Carbide case
- Thursday, October 13: Class canceled due to
power failure!
- Tuesday, October 18: Review for midterm
- Thursday, October 20: Midterm exam
- Tuesday, October 25: Go over midterm, Poisson processes, start uncertain EOQ
approximations
- Solution to the exam (hardcopy only at present)
- Thursday, October 27: Finish uncertain EOQ approximations
- Tuesday, November 1: Start deterministic dynamic programming --
shortest path and inventory
- Thursday, November 3: Finish inventory dynamic programming, start
resource allocation and knapsack problems
- Tuesday, November 8: Part replacement dynamic programming,
variations and discounting
- Thursday, November 10: (Review of resource allocation) Curse of dimensionality, probabilistic
dynamic programming
- Tuesday, November 15: Abstract view of dynamic programming, more
probabilistic dynamic programming
- Thursday, November 17: Start queuing theory -- Poisson arrival
processes
- Remember -- no class Thanksgiving week
- Tuesday, November 29: The waiting "paradox", queue classification,
Little's law
- Thursday, December 1: Pollaczek-Khinchin formulas for M/G/1 queues,
start discrete event simulation
- Tuesday, December 6: Discrete-event simulation of queuing systems
- Thursday, December 8: Discrete-event simulation of
supply/productions systems; teacher evaluations
- Tuesday, December 13: Review
- Friday, December 16: Final Exam, 12-3 PM,
Beck 213 (open book and notes)
Homework Solutions
Files are all in PDF format unless otherwise noted (viewable with
Adobe Reader).