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Level 7 Diploma in Logistics and Supply Chain Management

Supply Chain Simulation Methodologies

LSC702 · Supply Chain Planning, Modelling and Analytics — Week 10 of 16

CourseLSC702
Week10 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Supply Chain Simulation Methodologies

  1. Discrete-event simulation (DES)
  2. Agent-based logistics modelling
  3. Monte Carlo risk simulation
  4. Digital supply chain twin prototyping
  5. Supply chain simulation, AI and digital twins: theory to use cases and implementation blueprints
  6. Week 11: Lecture 51: Introduction to Supply Chain Digital Twin
  7. What is Monte Carlo Simulation?
  8. TU Delft – Agent Based Modeling I
  9. TU Delft – Discrete Modelling I

What you will be able to do

  • 3.1 Explain the use and relevance of simulation techniques in each of the key areas of supply chain management.

Activity

Start with this week’s 5 videos, then: Seminar, guided reading and a short written task: explain the use and relevance of simulation techniques in each of the key areas of supply chain management.

Study materials

Videos

  • Supply chain simulation, AI and digital twins: theory to use cases and implementation blueprints · YouTube · MIT Center for Transportation & Logistics · 52 min · for registered students
  • What is Monte Carlo Simulation? · YouTube · IBM Technology · 5 min · for registered students
  • TU Delft – Agent Based Modeling I · YouTube · TU Delft · 17 min · for registered students
  • TU Delft – Discrete Modelling I · YouTube · TU Delft · 15 min · for registered students
  • Applications of Simulation in Supply Chain Management · YouTube · MIT Center for Transportation & Logistics · 47 min · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 9Week 11
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Foundations of Supply Chain Operations Modelling
  • Week 2: Demand Forecasting and Predictive Modelling
  • Week 3: Strategic Supply Network Evaluation
  • Week 4: Facility Location Planning Models
  • Week 5: Inventory Control and Multi-Echelon Management
  • Week 6: Aggregate and Hierarchical Planning Frameworks
  • Week 7: Material Requirements Planning and Capacity Control
  • Midterm: Midterm evaluation
  • Week 9: Enterprise Resource Planning (ERP) Integration
  • Week 10: Supply Chain Simulation Methodologies
  • Week 11: Big Data Analytics in Supply Networks
  • Week 12: Applying Supply Chain Planning, Modelling and Analytics in …
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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