Quantitative Methods for Digital Production Management

Fact-Sheet

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Term

Summer term

Prerequisites

The module Production Management needs to be passed

Language

Lecture and exercise materials will be provided in English

Applicability

• Value Chain Management 

• Electives modul 

Course content

The decision making in digitized production systems is often supported by quantitative methods. In addition to the solution quality, strict time constraints regarding the computation time have to be met, especially for operational planning problems.

The course gives an overview of different planning problems in production management. For these problems, various types of heuristics and analytical approaches for solving linear and nonlinear optimization problems are introduced. In particular, various meta-heuristics are presented.

Learning goals

• Students gain an overview of different types of heuristic solution methods for optimization problems in digital production systems.

• After completing the module, students will be able to evaluate heuristic methods with respect to their applicability to new problems, select suitable heuristics and adapt them if necessary.

Grading

Written exam, 90 minutes