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ISE 553 Modeling and Analysis of Supply Chains

ISE 553 Modeling and Analysis of Supply Chains

3 Credit Hours

This course presents an overview of the basic issues and strategies involved in operating supply chains, from the design of the supply chain network through the management and location of inventories to the design and operation of the logistics systems that distribute goods from their source to the consumer using state of the art modeling tools available for their analysis.

Prerequisite

ISE 361 and ST 372.

Course Objectives

To expose students to the basic issues that need to be considered in operating supply chains, and the quantitative modelling tools available for their analysis. Emphasis is on using engineering models to develop insights into the behavior of these systems.

Learning Outcomes

By the end of this course, students will:

  • Be able to describe and implement commonly used order up to inventory policies for single-item single-location inventory systems.
  • Apply data-driven analysis methods to compute the parameters of such inventory systems.
  • Quantify the impact of stochastic variability in demand and supply on the inventory levels required to maintain specified customer service levels.
  • Design inventory systems to take advantage of opportunities for risk pooling, such as inventory centralization, transshipment, and modular product design.
  • Be able to compute effective inventory policies for serial multi-echelon supply chains.
  • Understand and implement basic optimization models for supply chain network design and route planning.
  • Understand the basic components of logistics costs, and specific models and methods for operating these systems.
  • Understand how integrated supply chain models are developed and analyzed.

Course Requirements

ASSIGNMENTS% GRADING
Homework Assignments10%
Case Studies15%
Exams (Exams #1, 2, 3 — 25% each)75%
TOTAL100%

Textbooks

  • Snyder, L., Shen, Z. J. M., Fundamentals of Supply Chain Theory, John Wiley, 2019.
  • Mark S. Daskin, Network and Discrete Location: Models, Algorithms, and Applications (2013), 2nd Edition, John Wiley & Sons, Inc., New York [ISBN: 978-0-470-90536-4].

Supplementary readings:
Additional materials may be assigned to supplement the text; these are freely available online from the NCSU Libraries.

Updated: 10/20/2025