MSCI433 Course Description & Outline PDF

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Department of Management Sciences University of Waterloo

Winter 2021 MSCI 433

MSCI 433: Applications of Management Engineering Course Description & Outline Winter 2021 Instructor and course information Instructor: Co-instructor: Teaching Assistant (TA): Lectures: Start week of Jan 11 Tutorial: Office hours: Online Material:

Professor Jatin Nathwani [email protected] Dr Mel Gabriel Tania Sehgal Posted Tuesdays at 10am Thursdays 2-3pm; to be adjusted Virtual Lectures & Course Materials Posted on LEARN

Course description Context: Applications of management science are abundant in industries such as airlines, manufacturing companies, service organizations, the electricity sector and diverse government agencies tasked with future planning and strategic execution. Several industry sectors have relied upon methods and tools developed in management sciences to identify possible future development paths, for example in the telecommunications industry. Establishing information needs of health services and appropriate systems to supply them is another example. In this course, we will focus on an important current national and global challenge related to achieving a ‘net-zero’ carbon economy in light of the threat of climate change risks. By identifying and understanding the strategies adopted by companies and planning entities at the sub-national, national and global levels, we discuss the information systems, policy instruments, and economic and social factors that are critical in the development of a system that balances demand and supply with a ‘zero-time’ lag and no capacity for storage. Successful development of an integrated system plan and its timely execution is linked to the time-lines for national targets and requisite contributions to the achievement of a global energy transition and a low carbon economy. Management science is also concerned with operational analysis, methods for strategic planning, strategic decision support, and problem structuring methods (PSM). Applications of Management Engineering Management engineering focuses on (a) developing and applying models and concepts that may 1

Department of Management Sciences University of Waterloo

Winter 2021 MSCI 433

prove useful in helping illuminate strategic management issues for solving complex managerial and institutional problems. Those models can often be represented mathematically, but sometimes computer-based, visual representations are also useful and provide unique and helpful insights. The basic knowledge assumed for this course is a student’s familiarity with general concepts in the following domains: 1. Mathematical disciplines of probability, optimization, and dynamical systems theory. 2. Understanding of system dynamic models and ability to gather and analyze data, specific to a particular sector and a national context and providing actionable recommendations. All this will be relevant for the simulation exercise we will undertake in the course. The country specific case study is mainly driven by an understanding of system specific attributes, statistical data and econometrics. 3. We will focus on a ‘real-world’ problem of energy transition that draws insights from several academic disciplines including engineering, system level studies, environmental sciences, economics and social sciences. This course emphasizes integrative analysis and critical thinking across disciplinary boundaries. Learning Outcomes: Students will gain confidence in be able to navigate through a complex set of relationships that are inter-linked through population growth as a driving force of economic growth supported by the relevant policy prescriptions and characteristics of the energy system. We focus on critical thinking and ability of students to: a.

analyze data from an existing or proposed system

b.

know which of Management Engineering tools would be appropriate for analysis

c.

create and evaluate an appropriate Management Engineering model

d.

analyze and interpret the model results and

e.

communicate the model and analysis results in written and verbal formats.

Course Prerequisites: There are no specific pre-requisites but it is assumed that the student is familiar with the following: (i) (ii) (iii) (iv) 2

Deterministic Optimization Models and Methods Simulation Analysis and Design Stochastic Models and Methods Operational Planning and Strategic Management Principles.

Department of Management Sciences University of Waterloo

Winter 2021 MSCI 433

Assigned Textbook ‘Applications of Management Science’ by Kenneth D. Lawrence is considered a good resource for consultation during the course and, subsequently, for future use in your careers. The textbook presents current studies in the application of management science to the solution of significant managerial decision-making problems and would be an excellent accompaniment as a reference. With a focus on the application of management science methodologies, data envelopment analysis and multi-criteria decision making, the v.20 edition is split into three broad areas: (i) Applications of optimization; (ii) Data envelopment analysis and applications; and (iii) Data envelopment analysis.

Course Evaluation: The course grade will be based on the following Component Assignments Major Term Project (Group) Participation No Final Examination

Weight 50% 40% 10%

Class & Tutorial Meeting times: The Course Content will be delivered on-line via Learn and Lectures will be posted on Tuesdays at 10am.The course material, through lectures, is delivered asynchronously giving students an opportunity to view the lecture, review reading material work on assignments throughout the week. A designated time slot for consultation and tutorials with TAs has been set up but this set up will be adjusted after consultation with the class beginning January 12th Office Hours will be Virtual : Prof. Jatin Nathwani – Tuesdays, 11:00 to 12:30 (tentative) CPH 4232 [email protected] Teaching Assistant: Tania Sehgal Co- Instructor and Senior Advisor: Dr Mel Gabriel Mel Gabriel Assignments There are 2 assignments weighted at 25% each. Assignment readings and problems are intended to help students learn the course material, develop 3

Department of Management Sciences University of Waterloo

Winter 2021 MSCI 433

critical thinking skills and enhance problem solving capabilities. Assignments are focused on active individual contribution to team work leading to Assignment submission no later than due date. Engagement with the group and sharing of knowledge, and development of a common understanding part of the learning by teaching your companion partners. The group assignments and the final major term project is a laddered approach to help you gain the most out of the learning experience in the course.

Major Term Project The major term project builds on the same idea of collaborative learning. Students will work in a group and based on the reading materials provided, and learnings from the simulation exercise, develop a strategic integrated plan for a country. Guidance and additional details for the Major Term Project will be provided in advance and after the group teams are finalized. Meeting Deadlines for Submissions All submissions will be done through Learn. Details will be provided for each deliverable prior to the deadlines. Late submissions are not accepted. In a professional working environment, it is always expected that you meet deadlines. As you are now about to enter the world of work in a professional capacity, this requirement to meet deadlines is excellent early training.

UW policies and regulations, below, must be observed at all times. Academic Integrity: In order to maintain a culture of academic integrity, members of the University of Waterloo community are expected to promote honesty, trust, fairness, respect and responsibility. [Check www.uwaterloo.ca/academicintegrity/ for more information.] Grievance: A student who believes that a decision affecting some aspect of his/her university life has been unfair or unreasonable may have grounds for initiating a grievance. Read Policy 70, Student Petitions and Grievances, Section 4, www.adm.uwaterloo.ca/infosec/Policies/policy70.htm. When in doubt please be certain to contact the department’s administrative assistant who will provide further assistance. Discipline: A student is expected to know what constitutes academic integrity [check www.uwaterloo.ca/academicintegrity/] to avoid committing an academic offence, and to take responsibility for his/her actions. A student who is unsure whether an action constitutes an offence, or who needs help in

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Department of Management Sciences University of Waterloo

Winter 2021 MSCI 433

learning how to avoid offences (e.g., plagiarism, cheating) or about “rules” for group work/collaboration should seek guidance from the course instructor, academic advisor, or the undergraduate Associate Dean. For information on categories of offences and types of penalties, students should refer to Policy 71, Student Discipline, www.adm.uwaterloo.ca/infosec/Policies/policy71.htm. For typical penalties check Guidelines for the Assessment of Penalties, www.adm.uwaterloo.ca/infosec/guidelines/penaltyguidelines.htm. Appeals: A decision made or penalty imposed under Policy 70 (Student Petitions and Grievances) (other than a petition) or Policy 71 (Student Discipline) may be appealed if there is a ground. A student who believes he/she has a ground for an appeal should refer to Policy 72 (Student Appeals) www.adm.uwaterloo.ca/infosec/Policies/policy72.htm. Note for Students with Disabilities: The Office for Persons with Disabilities (OPD), located in Needles Hall, Room 1132, collaborates with all academic departments to arrange appropriate accommodations for students with disabilities without compromising the academic integrity of the curriculum. If you require academic accommodations to lessen the impact of your disability, please register with the OPD at the beginning of each academic term.

How Can We Help You? The AccessAbility Services (AAS) Office, located in Needles Hall, Room 1401, collaborates with all academic departments to arrange appropriate accommodations for students with disabilities without compromising the academic integrity of the curriculum. If you require academic accommodations to lessen the impact of your disability, please register with the AAS at the beginning of each academic term. The University of Waterloo welcomes feedback on accessibility. AccessAbility Services can be reached at 519 888-4567, ext 35082 or [email protected].

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