Introduction to OM_Spring06

Introduction to OM_Spring06 - Operations Management...

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Unformatted text preview: Operations Management Operations Management Professor Beril Toktay Professor Beril Toktay Operations Management Group Operations Management Group College of Management College of Management Georgia Tech Georgia Tech Who Am I? Who Am I? BS in Industrial Engineering & Math from Bosphorus University Taught at INSEAD until last year MS in Industrial Engineering from Purdue University PhD in Operations Research from MIT What Will We Do Today? What Will We Do Today? How is this course organized? Why Operations Management? The First Industrial Revolution (c. 1850) The First Industrial Revolution (c. 1850) Textile manufacturing innovations Flying shuttle and Spinning Jenny J. Watt: The steam engine Substituting labor with machines A. Smith: Free markets division of labor Free markets would enhance quest for profit Specialization could increase productivity small scale production The American System of Manufacturing The American System of Manufacturing Vertical Integration Consolidating different operations under one roof Interchangeable parts Mass-produce parts to tight tolerance & assemble 1801 contract for 10,000 muskets for the government Unskilled workers 1832: 36 enterprises in 10 states with > 250 workers...
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This note was uploaded on 09/29/2011 for the course MGT 3501 taught by Professor Chang during the Fall '10 term at Georgia Institute of Technology.

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Introduction to OM_Spring06 - Operations Management...

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