Dr. Li Chen is a Professor of Operations, Technology and Information Management and Breazzano Family Term Professor of Management at Samuel Curtis Johnson Graduate School of Management at Cornell University. Dr. Chen’s research interests concern supply chain management, operations strategy, and Bayesian methods for predictive and prescriptive analytics. He has published research works in top journals in the operations management field, such as Management Science, Operations Research, and Manufacturing, Service and Operations Management. Prior to joining Johnson School, Dr. Chen was an Associate Professor of Business Administration at The Fuqua School of Business at Duke University. Before his Duke appointment, Dr. Chen spent four years at TrueDemand Software, a supply chain software company in Silicon Valley, where he was the cofounder and lead scientist of the company. Dr. Chen obtained his PhD in Management Science and Engineering from Stanford University in 2005.
Optimizing Production Capacity AllocationCornell Course
Course Overview
For products with a short life cycle — including items like fresh food, fashion, and even high-tech products — supply chain managers often have to make a one-shot decision for production quantity to meet the demand over the entire selling season, which could vary from a day to a few months.
In this course, you will examine how to determine the optimal production quantity for products with a short life cycle, assuming there is no resource capacity constraint. You will then explore how to optimally allocate the production capacity among multiple items when there is a limited resource capacity available. You will also discover how to determine the optimal production sequence if more accurate demand information can be obtained at a later time. Finally, you will discuss how to improve supply chain efficiency through various operations strategies, adding to your toolkit of practical knowledge for your organization and beyond.
The following courses are required to be completed before taking this course:
- Forecasting Supply Chain Demand
- Optimizing Inventory Management
Key Course Takeaways
- Determine optimal production quantity with and without capacity limits
- Assess the optimal production sequence and quantity with capacity limit
- Improve supply chain efficiency through capacity management
How It Works
Course Author
Who Should Enroll
- Individuals seeking to increase skills in supply chain strategy
- Operations analysts
- Market analysts for consumer and industrial products
- Consultants seeking supply chain knowledge
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