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Introductions To EEMT512: Dr. Jeff Hong Ielm Dept, Hkust Fall 2010

This document provides an introduction to the EEMT512 Operations Management course taught by Dr. Jeff Hong at HKUST in Fall 2010. It outlines that operations management involves managing processes that create goods and services, and is one of the core business functions along with finance and marketing. The course will cover topics like systems analysis, inventory management, production planning, and human behavior in operations. Students will be evaluated based on group assignments, a group project with a presentation and report, and a final exam.

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54 views

Introductions To EEMT512: Dr. Jeff Hong Ielm Dept, Hkust Fall 2010

This document provides an introduction to the EEMT512 Operations Management course taught by Dr. Jeff Hong at HKUST in Fall 2010. It outlines that operations management involves managing processes that create goods and services, and is one of the core business functions along with finance and marketing. The course will cover topics like systems analysis, inventory management, production planning, and human behavior in operations. Students will be evaluated based on group assignments, a group project with a presentation and report, and a final exam.

Uploaded by

wingkitcwk
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Introductions to EEMT512

Dr. Jeff Hong


IELM Dept, HKUST
Fall 2010

Note 00: Introductions 1


Operations Management
„ Operations management is the management of processes or
systems that create goods and/or provide services.
„ Operations is one the 3 basic functions of a business organization.

Business Organization

Finance Operations Marketing

„ The operations function is the core of most business organizations;


it is responsible for the creation of an organization’s goods or
services (transforming inputs into goods or services)
„ The essence of the operations function is to add value during the
transformation process.

Note 00: Introductions 2


About this course
„ We will cover many important topics in this course
‰ Basic dynamics of operations systems
‰ Analysis of system variability
‰ System analysis using computer simulation
‰ Inventory management and forecasting
‰ Production management
‰ Production planning
‰ Human behaviors in operations management

Note 00: Introductions 3


About this course
„ Reference Book:
‰ Factory physics, 2nd edition. Hopp and Spearman, 2000.

„ Grading scheme
‰ Group assignments: 20% (6 students per group)
‰ Group project: 30%
„ Presentation: 15% (22, 29 November)
„ Final report (2-page executive summary + Appendix): 15%
Due on 12 December (by email)
‰ Final exam: 50% (6 December)

Note 00: Introductions 4

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