Decision, Operations & Information Technologies

Margrét Bjarnadóttir

Dr. Margrét Vilborg Bjarnadóttir, is an Assistant Professor of Management Science and Statistics in the DO&IT group.  Dr. Margrét Bjarnadóttir graduated from MIT's Operations Research Center in 2008, defending her thesis titled "Data Driven Approach to Health Care, Application Using Claims Data". Dr. Bjarnadóttir specializes in operations research methods using large scale data. Her work spans applications ranging from analyzing nation-wide cross-ownership patterns and systemic risk in finance to drug surveillance and practice patterns in health care.

Shawn Mankad

Shawn Mankad joined the University of Maryland's Smith School of Business as an Assistant Professor in Fall 2013 after obtaining a PhD in Statistics from the University of Michigan. His research has been featured in journals and media outlets, such as the Wall Street Journal   and Chicago Tribune, and explores the roles of networks and machine learning tools in social media and the study of financial markets. He has consulted with the U.S. Commodity Futures Trading Commission and worked at the Federal Reserve Board on characterizing market activity with visual analytic tools."

Woei-jyh (Adam) Lee

Dr. Adam Lee received his BSE degree from the National Taiwan University, his MS degree from the Courant Institute at the New York University, and his PhD degree from the University of Maryland at College Park (UMD). He worked on distributed objects and fault tolerance at the AT&T Labs - Research in 1997. He focused on network software and management at the Bell Laboratories Research from 1998 to 2000. He visited the University of Southern California specializing in continuous media streaming and multimedia networking from 2002 to 2003.

Smith Business Close-Up: Surviving Disruptive Technologies

Thursday, June 21, 2012, 7:30 p.m.; Sunday, June 24, 2012, 7:30 a.m.

Companies must make an early move to either adopt a new business model, or morph the existing model to take advantage of disruptive innovation – or suffer the same death of one-time industry leaders Kodak, Blockbuster and Borders.

In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Henry Lucas talks how and why innovative technology can threaten the survival of many companies today.

UMD Business Experts Discuss Newspaper Industry Shifts

Media Alert: Aug. 13, 2013
Attention: Business Reporters

COLLEGE PARK, Md. Experts in the University of Maryland's Robert H. Smith School of Business are available to discuss the current state of the print news industry. Their analysis follow the recent Washington Post acquisition by Amazon.com founder and chief executive Jeff Bezos, the Boston Globe sale to Red Sox owner John Henry, plus other recent sales and spinoffs of newspapers across the United States.

Courses in Business Analytics

BUDT 725 Models and Applications in Operations Research

Credit will be granted for only one of the following: BMGT 735 or BUDT 725. Formerly BMGT 735.

Introduction to commonly encountered models and applications in Operations Research. Formulation and interpretation of solutions of linear optimization and network models, special structures and applications. First course in the OR MS and PhD concentration as well as an introduction to non OR-majors of these important and practical topics.

BUDT 732 Decision Modeling with Spreadsheets

Prerequisites: BUSI 620 and BUSI 671. Credit will be granted for only one of the following: BMGT 732 or BUDT 732. Formerly BMGT 732. 

The applicability and use of decision and management science models have increased dramatically in recent years due to the extraordinary improvements in computer, information and communication technologies. These developments in hardware and user interfaces such as spreadsheets have been complemented by the availability of large volumes of data, such as the automatic capture of point-of-sale information, and easy access to large databases. Personal computers and friendly interfaces have become effective "delivery vehicles" for powerful decision models that were once the exclusive province of experts. In this course, we will examine ways in which complex managerial problems can be tackled with decision models using spreadsheets. Includes linear and nonlinear optimization models, decision making under uncertainty and simulation models.

BUDT 733 Data Mining for Business

Prerequisite: BUSI 630. Credit will be granted for only one of the following: BMGT 733 or BUDT 733. Formerly BMGT 733. 

A second level course managerial decision-making using contemporary methods of data analysis. Specific techniques covered in this course include [1] time series forecasting (e.g., for forecasting sales; financial series), [2] classification methods (e.g., for credit rating; in consumer behavior), [3] clustering methods (e.g., for market segmenting; for industry analysis), and [4] methods for visualization of multidimensional data sets (such as financial or customer databases). Theoretical issues will be either avoided or minimized. The emphasis is on understanding the applications of these techniques to specific decision-making situations encountered in consulting, marketing, finance, management and strategy. Upon successful completion of the course, a student should possess practical analytical skills that will provide him or her with a competitive edge in almost any contemporary managerial workplace.

BUDT 736 Data Mining

Prerequisite: BUSI 630. Recommended: BUDT 704.

Contemporary methods and processes for extracting information from large databases in support of tactical and strategic business decisions. Applications in areas such as customer relationship management, direct marketing, e-commerce, financial services and retailing.

BUDT 758x Games of Strategy

Pre-requisites: BUSI 681, BUSI 690. 

Course draws on insights from the field of game theory to explore decision making in a competitive (or interactive) environment. Topics and applications include: sequential and simultaneous games; pricing and promotions in oligopolies; preemptive capacity decisions; entry/exit decisions; signaling; contracts and alignment of incentives in compensation design, corporate governance and in supply chains; the role of credibility.

BUDT 758x Pricing and Revenue Management

Revenue (or yield) management (RM) first emerged in the post-deregulation US airline industry, and hit the jackpot in the mid 90's with American Airlines RM scoring $1 billion annual incremental revenues (almost 100% profit). The business strategy reformed the entire transportation and tourism industry, as well as telecommunications, broadcasting, ticketing, healthcare, fashion, manufacturing etc. Recently RM evolved to a new dimension with internet companies practicing dynamic and targeted pricing or auctions for products, services or advertisement slots. The WSJ identifies RM as "The number one emerging business strategy, a practice poised to explode"; the internet stands as a stimulating environment behind this explosion. Any business that has a fixed capacity and a perishable product or service is a candidate for revenue management, as long as customers vary in their willingness to pay. A specialized course on dynamic pricing and revenue management is meant to provide you with the right bundle of tools and principles, drawn from several disciplines (Operations, Microeconomics, Decision Modeling, Statistics, Marketing, IS) in order to maximize profits. The RM solution integrates pricing with sales and inventory management strategies. The first part of the course addresses pricing issues (pricing under various constraints, non-linear pricing, markdown pricing), from a combined economics and marketing perspective. The second part of the course provides tools and methods for combined pricing and capacity management decisions from an operational perspective.

Courses in Operations Management

BUDT 724 Operations Management

Prerequisites: BUSI 630. Credit will be granted for one of the following: BUSI 724 or BMGT 734. Formerly BMGT 734. 

This course covers concepts of operations management applied to both manufacturing and services, and can be divided into two broad areas. The first area includes operations strategy, process analysis and design, which include analysis of process flows and bottlenecks, waiting time models, and statistical quality control. The second is supply-chain management, which includes forecasting, JIT, linear programming, and advanced topics in inventory management.

BUDT 732 Decision Modeling with Spreadsheets

Prerequisites: BUSI 620 and BUSI 671. Credit will be granted for one of the following: BUSI 732 or BMGT 732. Formerly BMGT 732. 

The applicability and use of decision and management science models have increased dramatically in recent years due to the extraordinary improvements in computer, information and communication technologies. These developments in hardware and user interfaces such as spreadsheets have been complemented by the availability of large volumes of data, such as the automatic capture of point-of-sale information, and easy access to large databases. Personal computers and friendly interfaces have become effective "delivery vehicles" for powerful decision models that were once the exclusive province of experts. In this course, we will examine ways in which complex managerial problems can be tackled with decision models using spreadsheets. Includes linear and nonlinear optimization models, decision making under uncertainty and simulation models.

BUDT 758x Pricing and Revenue Management

Prerequisite: BUSI 630 and BUSI 650.

Revenue (or yield) management (RM) first emerged in the post-deregulation US airline industry, and hit the jackpot in the mid 90's with American Airlines RM scoring $1 billion annual incremental revenues (almost 100% profit). The business strategy reformed the entire transportation and tourism industry, as well as telecommunications, broadcasting, ticketing, healthcare, fashion, manufacturing etc. Recently RM evolved to a new dimension with internet companies practicing dynamic and targeted pricing or auctions for products, services or advertisement slots. The WSJ identifies RM as "The number one emerging business strategy, a practice poised to explode"; the internet stands as a stimulating environment behind this explosion. Any business that has a fixed capacity and a perishable product or service is a candidate for revenue management, as long as customers vary in their willingness to pay. 

A specialized course on dynamic pricing and revenue management is meant to provide you with the right bundle of tools and principles, drawn from several disciplines (Operations, Microeconomics, Decision Modeling, Statistics, Marketing, IS) in order to maximize profits. The RM solution integrates pricing with sales and inventory management strategies. The first part of the course addresses pricing issues (pricing under various constraints, non-linear pricing, markdown pricing), from a combined economics and marketing perspective. The second part of the course provides tools and methods for combined pricing and capacity management decisions from an operational perspective.

BUDT 758x Project Management in Dynamic Environments

A great deal of knowledge work performed in today's organizations is project-based. thus project management skills are crucial to the performance of most managers. While project management techniques are well established, the turbulent environment faced by many projects presents unique challenges to the project manager.

This course teaches the basics of project management as codified in the Project Management Institute's (PMI) Project Management Body of Knowledge (PMBOK). Covering the PMBOK facilitates preparation for PMI certification. In addition to the PMBOK, the course examines how this knowledge may be applied to technology-related projects. Participants also gain experience using project management tools and managing projects using a project management simulation.

Although no significant technology background is required for the class (a small amount of class time will be devoted to relevant technology), students will be expected to be proficient in quantitative models and oral presentations. During the course, teams will be running a web-based project management simulation; the simulator is integrated with Microsoft Project.

Topics Include:

  • Project organization
  • Time and cost estimation
  •  Managing quality and risks
  •  Project Staffing
  •  Challenges of managing IT projects
  •  Project Management tools

BUDT 758x Six Sigma

Six Sigma's DMAIC (define-measure-analyze-improve-control) breakthrough improvement strategy and methods are addressed with the intent of providing both understanding and applications level knowledge. Target level of content mastery upon course completion is comparable to 'Six Sigma Black Belt' and requirements include completion of a project that is 'six sigma greenbelt' level.

BUSI 790 Management of Technology

Prerequisite: None. 

Students are introduced to a variety of strategic and operational issues that arise when managing in the presence of technological innovation, and provide techniques to approach these issues. Topics include the formulation of innovation strategies, technology diffusion and forecasting, the process of developing new products and services, productivity measurement, and the implementation of process technologies aimed at improving productivity (manufacturing and services)

 

 

 

Courses in Information Systems

BUDT 703 Modeling and Designing IT Systems

Co-requisite: BUSI 620. For BMGT majors only. Credit will be granted for only one of the following: BUDT 703 or BMGT 725. Formerly BMGT 725.

Provides a solid foundation in the concepts, processes, tools, and techniques needed in systems development. Topics covered include process and data modeling, requirement analysis, object oriented design, user interface design, ERP and package implementation, and designing for the Web.

BUDT 704 Data Management Systems

Co-requisite: BUSI 620. For BMGT majors only. Credit will be granted for only one of the following: BUDT 704 or BMGT 721. Formerly BMGT 721.

Provides fundamental concepts and skills necessary for designing, building, and managing business applications which incorporate database management systems as their foundation. Topics covered include the fundamentals of database management (DBMS) technology, alternative methods for modeling organizational data, the application of delivering data through Web-based and other graphical interfaces.

BUDT 705 Telecommunications and the Internet

Co-requisite: BUSI 620. For BMGT majors only. Credit will be granted for only one of the following: BUDT 705 or BMGT 726. Formerly BMGT 726. 

Course focuses on helping the IT professional understand the technological, organizational, and managerial issues related to effective use of distributed computer networks such as the Internet. Topics include the evaluations of technologies for specific contexts and how to make investment recommendations. Also examines the economic factors that drive convergence and the powerful economic effects of open standard and connectivity.

BUDT 710 Information Technology & Corporate Transformation

Co-requisite: BUSI 620.

The impact and the enabling role of information technologies (IT) in transforming business and work group and individual processes. Topics include gaining competitive advantage through IT applications; identifying high pay-off IT applications, and leading the process of IT-induced change process.

BUDT 713 Security and Control of Information Systems

Co-requisite: BUSI 620. For BMGT majors only. Credit will be granted for only one of the following: BUDT 713 or BMGT 727. Formerly BMGT 727.

The information control risks faced by corporations. Techniques for enhancing the security and integrity of corporate information resources. The auditing and control procedures for corporate information systems. Actual case studies.

BUDT 736 Data Mining

Co-requisite: BUSI 620. Recommended: BUDT 704.

Contemporary methods and processes for extracting information from large databases in support of tactical and strategic business decisions. Applications in areas such as customer relationship management, direct marketing, e-commerce, financial services and retailing.

BUDT 758 Project Management in Dynamic Environments

A great deal of knowledge work performed in today's organizations is project-based. Thus project management skills are crucial to the performance of most managers. While project management techniques are well established, the turbulent environment faced by many projects presents unique challenges to the project manager. 

This course teaches the basics of project management as codified in the Project Management Institute's (PMI) Project Management Body of Knowledge (PMBOK). Covering the PMBOK facilitates preparation for PMI certification. In addition to the PMBOK, the course examines how this knowledge may be applied to technology-related projects. Participants also gain experience using project management tools and managing projects using a project management simulation.Although no significant technology background is required for the class (a small amount of class time will be devoted to relevant technology), students will be expected to be proficient in quantitative models and oral presentations. During the course, teams will be running a web-based project management simulation; the simulator is integrated with Microsoft Project. Topics Include:

  • Project organization
  • Time and cost estimation
  • Managing quality and risks
  • Project Staffing
  • Challenges of managing IT projects
  • Project Management tools

BUDT 780 Digital Business Models and Technology

Prerequisite: BUSI 620.

Course examines how today's firms must exploit the unique opportunities that are appearing online and simultaneously respond to the online threats to their existing business model. Topics include: economics of new information products, online shopping, one-on-one marketing, electronic distribution, net-enabled transactions, supply chain integration, and electronic communities. Course also provides an overview of the technological infrastructure that enables electronic commerce.

BUSI 790 Management of Technology

Prerequisite: None.

Students are introduced to a variety of strategic and operational issues that arise when managing in the presence of technological innovation, and provide techniques to approach these issues. Topics include the formulation of innovation strategies, technology diffusion and forecasting, the process of developing new products and services, productivity measurement, and the implementation of process technologies aimed at improving productivity (manufacturing and services)

Pages

Subscribe to RSS - Decision, Operations & Information Technologies