Operations Optimization Consultancy
Timeline
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September 5, 2018Experience start
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September 27, 2018Project Scope Meeting
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October 25, 2018Midway Check In
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November 29, 2018Experience end
Timeline
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September 5, 2018Experience start
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September 27, 2018Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates. (All data and/or case description that the students will need to complete the project should be given to the students by this milestone).
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October 25, 2018Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion. (This is a meeting to maintain the course trajectory and answer any additional questions, not a meeting to impart new data).
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November 29, 2018Experience end
Experience scope
Categories
Operations Project managementSkills
operations research data optimization presentation skills simulation operations managementStudents will work to increase efficiency and improve service quality of your organization by applying operations research methods and quantitative analysis to recommend actionable improvements.
Learners
The final project deliverables include:
- A 10-page report.
- A 20-minute presentation (15-minute summary and 5-minute Q&A), which industry partners can attend in person or via Skype.
Project timeline
-
September 5, 2018Experience start
-
September 27, 2018Project Scope Meeting
-
October 25, 2018Midway Check In
-
November 29, 2018Experience end
Timeline
-
September 5, 2018Experience start
-
September 27, 2018Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates. (All data and/or case description that the students will need to complete the project should be given to the students by this milestone).
-
October 25, 2018Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion. (This is a meeting to maintain the course trajectory and answer any additional questions, not a meeting to impart new data).
-
November 29, 2018Experience end
Project Examples
Requirements
Starting this August, student-consultants from the Schulich School of Business will spend 60 hours per team of 4-5, working to improve your operational processes and service delivery.
Through applying quantitative research methodologies, mathematical concepts, and computational tools, students will identify areas where your processes can be improved or your operations streamlined.
Using Microsoft Excel and the Python programming language, they will analyze your organizational data and provide managerial insight on how you can increase productivity, improve efficiency, lower costs, and deliver a consistently better quality product or service.
Students will use various tools and processes including, but not limited to:
- Mathematical programming (e.g., linear, nonlinear and stochastic optimization, goal programming).
- Dynamic programming (both deterministic and stochastic).
- Computer simulations (monte carlo and discrete-event).
Possible areas of focus include, but are not limited to:
- Transportation and routing
- Inventory management
- Aggregate planning
- Asset allocation and Insurance
- Supply chain Management
- Employee scheduling
- Targeted advertising
- Energy management
- Risk management
- Process analysis
- Revenue management
- Policy evaluation
- Optimal stopping
- Appointment scheduling
- Financial management
- Inventory modelling
- Production
- Logistics
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Be available for a quick phone call with the professor to initiate your relationship and confirm your scope is an appropriate fit for the course.
Provide an overview of the area you want students to focus on over the course of the assignment to kick off the project.
Be available for 1-3 brief meetings with the student group during the semester.
Provide feedback on the final reports and presentations by December 7th.
Provide a detailed data set or in-depth case analysis for the students to work with prior to the start of the fall semester (i.e., September 6, 2018)
Timeline
-
September 5, 2018Experience start
-
September 27, 2018Project Scope Meeting
-
October 25, 2018Midway Check In
-
November 29, 2018Experience end
Timeline
-
September 5, 2018Experience start
-
September 27, 2018Project Scope Meeting
Meeting between students and organization to confirm: project scope, communication styles, and important dates. (All data and/or case description that the students will need to complete the project should be given to the students by this milestone).
-
October 25, 2018Midway Check In
Meeting between students and organization to ensure that progress is on track halfway through completion. (This is a meeting to maintain the course trajectory and answer any additional questions, not a meeting to impart new data).
-
November 29, 2018Experience end