Analytics of Finance, Fall 2010

Abstract:: This course covers the key quantitative methods of finance: financial econometrics and statistical inference for financial applications; dynamic optimization; Monte Carlo simulation; stochastic (It) calculus. These techniques, along with their computer implementation, are covered in depth. Application areas include portfolio management, risk management, derivatives, and proprietary trading.

Logistics Systems, Fall 2003

Abstract:: This course is a survey of analytic tools, approaches, and techniques which are useful in the design and operation of logistics systems and integrated supply chains. The material is taught from a managerial perspective, with an emphasis on where and how specific tools can be used to improve the overall performance and reduce the total cost of a supply chain. There is a strong emphasis on the development and use of fundamental models to illustrate the underlying concepts involved in both intra- and inter-company logistics operations. The following topics are covered: Demand Forecasting Tools, Inventory Control Algorithms, Transportation Operations and Management, Vehicle Routing, Scheduling, Fleet Dispatching Algorithms and Approaches, Optimization of Transportation Carrier Operations, Supply Chain Network Design, Procurement, Sourcing, and Auctions (including Combinatorial Auctions), Management and Minimization of Supply Chain Uncertainty and Supply Contracts and Collaboration. In addition to model development, the course uses examples from industry to provide illustrations of the concepts in practice. This is not, however, a case study course.

Abstract:: This course discusses the basics every manager needs to organize successful technology-driven innovation in both entrepreneurial and established firms. We start by examining innovation-based strategies as a source of competitive advantage and then examine how to build organizations that excel at identifying, building and commercializing technological innovations. Major topics include how the innovation process works; creating an organizational environment that rewards innovation and entrepreneurship; designing appropriate innovation processes (e.g. stage-gate, portfolio management); organizing to take advantage of internal and external sources of innovation; and structuring entrepreneurial and established organizations for effective innovation. The course examines how entrepreneurs can shape their firms so that they continuously build and commercialize valuable innovations. Many of the examples also focus on how established firms can become more entrepreneurial in their approach to innovation.