The OID Department’s Operations Management / Management Science track addresses central issues necessary to understand production and service operations in today’s global economy. Besides their direct application to operational problems, these management science techniques have been broadly applied to a wide variety of other economic activities, from the pricing of financial instruments to decisions concerning markdown policies in retailing. The need to effectively manage the production of goods and services has also sparked the development of a number of useful mathematical tools. The department offers a series of courses that allow students to build a fundamental understanding of the tradeoffs to consider when managing the development of products and services, as well as the operations used to produce them and fulfill customer requirements. The design, production and distribution of goods and services are the core activities around which all firms and economies are built.
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