IIT Madras Newsletters

The Centre for Outreach and Digital Education (CODE), IIT Madras, has launched a 6-month certificate course on Operations and Supply Chain Analytics for Strategic Decision Making for Industry Professionals. A good understanding of uncertainty and its impact on optimal decision making is critical and a good manager needs to be skilled in decision making under uncertainty. This program focuses on building these analytical skills (such as optimization, game theory, probability theory, statistical modeling, etc.). 

About the Course

The program focuses on building analytical foundations  initially and then takes a deep dive in various practical applications, thereby offering a comprehensive perspective on most of the operations and supply chain problems faced by industry today. For example, operations decisions such as inventory optimization, supply chain management, network design, logistics planning, services management can be analyzed mathematically. The same analytical tools are relevant in various sectors including manufacturing, healthcare management, retail, logistics, public policy, and agriculture. 

Learning encompasses:

1. Description of various analytical modeling methods
2. Demonstration of application of modeling to areas of supply chain management
3. Experimenting with dynamic and stochastic nature of supply chain management
4. Formulation of an operations and/or a supply chain problem as an analytical model and solving it using appropriate methodologies.  
5. Designing an analytical decision-making tool for the supply chain configuration in a specific industry and organization.

Eligibility Criteria 

This program assumes basic understanding of mathematical and statistical concepts. Though there is no prerequisite for any particular educational background, it is expected that the participants have interests in analytical model building and data-driven decision-making.

Course Mode: ONLINE 

This course comprises 120 hours of recorded videos and 24 hours of ONLINE interactive sessions with the faculty. 

The course is structured in the following manner:

1. Participants need to watch around 6 hours of video content (not more than 3 hours in a particular module) every week. 
2. A live interaction session would be scheduled every Saturday with the corresponding faculty to discuss the module content and clarify queries. The duration of this session would be 1 hour.

Course Modules

Module-1: Analytical tools and Applications

Module-2: Decision making uncertainty

Module-3: Cases and Applications

Instructors

1. Prof. Rahul Marathe, Department of Management Studies, IIT Madras
2. Prof. Usha Mohan, Department of Management Studies, IIT Madras
3. Prof. G. Srinivasan, Department of Management Studies, IIT Madras

Course Fee : Rs. 1,50,000 + 18% GST

Last day of Registration : June 20th, 2023

Course commences on : July 1st, 2023

Registration link

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