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Management Science in the Energy Industry

This module is a joint course offered by F. Heyde, Institute for Numerical Mathematics and Optimisation at the Faculty of Mathematics and Computer Science, and M. Höck, Professor of Industrial Management/Production Economics, Logistics at the Faculty of Business Administration and Economics. The course consists of a weekly lecture and exercise.

Management Science covers the application of quantitative methods in the areas of controlling, finance, production, logistics and marketing with the aim of improving the quality of management decisions. The lecture focuses on production management and logistics problems and makes reference to energy management topics. Basic OR methods such as linear optimisation, graph theory, network planning, integer and combinatorial optimisation, queueing theory and simulation are explained using examples. In the context of logistics, location and route planning are dealt with in particular. In contrast, the production management part deals with methods of project control, batch size planning, assembly line coordination and machine utilisation planning.

 

In addition to the lecture, a practical software course Umberto LCA+ is offered. This provides an introduction to one of the leading life cycle assessment software solutions and helps to identify and reduce the resource and energy consumption of processes.

Objectives of the course:
  • Overview of the sub-areas of management science
  • Introduction to OR processes in production and logistics management
  • Teaching methodological and problem-solving skills
Basic literature:
  • Domschke, W./ Drexl, A. (2011): Einführung in Operations Research. 8th ed. Berlin: Springer. ISBN 978-3642181115
  • Dempe, S./ Schreier, H. (2006): Operations Research - Deterministic Models and Methods, Wiesbaden: Teubner. ISBN 978-3519004486
Further reading:
  • Hillier, F. S./ Lieberman, G. J. (2010): Introduction to operations research. 9th ed. Boston etc.: McGraw-Hill. ISBN 978-0073376295
  • Müller-Merbach, H. (1973): Operations Research. 3rd ed. Munich: Verlag Vahlen. ISBN 978-3800603886
  • Zimmermann, H. (2008): Operations Research: Methoden und Modelle für Wirtschaftsingenieure, Betriebswirte, Informatiker. 2nd ed. Wiesbaden: Vieweg. ISBN 978-3834804556