Master of Science in Management Science

 

Introduction

The management science program is directed toward integrating scientific methods with the functional aspects of organizations by investigating the application of quantitative methodology and systems analysis in the context of decision making, risk analysis, economics and cost analysis, production management, and supply chain logistics. This integration provides the students with a broader perspective toward managerial decision-making in both private enterprise and public administration.

Mid-career professionals and recent graduates with a background in engineering, mathematics, and physical sciences who intend to seek managerial, consulting or systems analyst positions are appropriate candidates. In particular, those candidates who intend to seek positions demanding both technical and management skills find the management science background advantageous in dealing with the complex problems of industrial, commercial, and public service organizations.

 

The Program

The Industrial and Systems Engineering Department administers the management science program. To be admitted to the program a candidate must demonstrate basic competence in calculus, statistics, linear algebra, introductory operations research, accounting, production and economics. A candidate lacking a certain background may be required to take background courses. The minimum program consists of 30 credit hours of course work, of which at least 18 credit hours must be in the 400-level. The ISE graduate faculty coordinator must approve all course work. Upon entering the program, the student must declare an area of concentration listed as follows:

• Operations Research
• Decision and Risk Analysis
• Economics and Cost Analysis
• Production and Operations Management
• Logistics and Supply Chain Management

Each student is required to complete 15 credit hours of core courses, 12 credit hours of courses in the declared area of concentration, and 3-credit hours of approved free elective or completing a management science project. No more than 9 credit hours may be taken from the college of business and economics (e.g., including MKT, GECO, GBUS courses).

• Core Courses (at least 15 credit hours)

Areas of Concentration (at least 12 credit hours)

Course No.	Course Title	Prerequisite(s)
IE 328	Engineering Statistics	Math 23 or equivalent
IE 358	Game Theory	Eco 105 or 115 and 119 and Math 21, 31 or 51
IE 362	Logistics and Supply Chain Management	IE 251 or equivalent
IE 404	Simulation (graduate version of IE305)	IE 121 and IE 220
IE 410	Design of Experiments	IE 121 or equivalent
IE 426	Optimization Models and Applications (graduate version of IE 316)	IE 220 or equivalent
IE 429	Stochastic Models and Applications (graduate version of IE 339)	IE 220 or equivalent
IE 458	Topics in Game Theory	Two semesters of calculus, GECO 412 and GECO 414, or permission of instructor
Math 334	Mathematical Statistics	Math 231 or 309
Note: Students who satisfy one or more of the core requirements from previous coursework (e.g., IE 305/404, 316/426,339/429) may substitute the core requirement by taking additional courses from his/her declared area of concentration. Up to 9 credit hours may be substituted.

Each student must declare an area of concentration. No more than 3 credit hours may be taken outside the declare area of concentration.

Areas of Concentration	Qualified Courses
Operations Research	IE 406, 411, 412, 414, 416, 417, 418, 419, 439, GECO 402, 412, 423 Math 312, 338, 340
Decision and Risk Analysis	IE 358,458, 409, 410, 416, 419, 439, 442, 446, 451 Math 312, 338 GECO 416, 423, 460, 461
Economics and Cost Analysis	IE 358, 458, 413, GBUS 413, 414, 419 *,420 *, 422, Math 467, 468
Production and Operations Management	IE 319, 324, 332, 340, 342, 347, 410, 419, 424, 425, 442, 443, 445, 448, 449; GBUS 413, 450, 481, 483, 485, GECO 447 MSE 438, 446
Logistics and Supply Chain Management	IE 309, 319, 341, 358, 408, 409, 412, 414, 415, 416, 419, 425, 438, 442, 443, 458, MKT 321, 325, GBUS 450, 481, GECO 416, 447, 460, 461

* Daytime section only for students without work experience

Approved Free Elective or Management Science Project (3 credit hours)

Each student is to complete either an approved free elective relevant to the student’s career interest, or complete a project through IE 430 Management Science Project. A faculty member must supervise the project.