MONASH UNIVERSITY FACULTY HANDBOOKS

Business & Economics Handbook 1996

Published by Monash University
Clayton, Victoria 3168, Australia

Authorised by Academic Registrar, April 1996


MGM2881

Production planning and control

Dr Nick Beaumont

6 points + One 2-hour lecture and one 1-hour tutorial supplemented by visits to industry + Caulfield + Prerequisite: MGM1510

Objectives On completion of this subject students will be able to understand the process of developing and maintaining long, medium and short term business and manufacturing plans; understand the principles of modern production planning and control techniques; appreciate the role of forecasting and inventory management in planning; develop measures of operating performance; and understand the difficulties and conflicting objectives of production scheduling.

Synopsis Scheduling for effective process coordination. Managing objectives of production planning. Long, medium and short term production planning. This subject will discuss production planning techniques such as MRP, MRPII, JIT and OPT, forecasting and inventory control. Order release algorithms and monitoring of performance will be discussed in the context of the effective implementation of new scheduling systems.

Assessment One individual assignment (1500 words): 20% + Group assignment (3000 word report): 30% + Examination (2 hours): 50%

Prescribed texts

Preliminary reading


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