B.Tech Logistics & SCM Program
B.Tech Logistics & SCM Program
The objective of the B. Tech program is to equip students with the necessary knowledge and
skills for the design, management, and enhancement of supply chains in general to any sector.
The curriculum covers various subjects such as operations management, logistics,
transportation, warehousing, inventory management, supply chain planning and forecasting,
purchasing and supplier management, information technology for logistics and supply chain
management, quality management, and project management. Employers across various
industries, such as manufacturing, retail, transportation, and logistics, have a strong demand
for graduates with a B. Tech in Logistics and Supply Chain Management (L&SCM).
Additionally, individuals may choose to pursue careers in academia, consulting, or
government.
First Semester
The courses in the first semester of the B.Tech program in Logistics and Supply Chain
Management are highly relevant today. Mathematics-I equips students with essential problem-
solving skills vital for optimizing supply chain operations. Physics provides a foundational
understanding of physical principles applicable to goods, transportation, and handling. Indian
Knowledge System fosters an appreciation for regional influences on supply chains.
Engineering Graphics aids in designing efficient layouts. Computer Programming in C and
Python addresses data analysis needs. English for Communication Skills enhances
collaboration abilities. Extracurricular activities promote well-being and teamwork, all
essential skills in the logistics and supply chain industry. Together, these courses provide a
strong foundation for addressing the challenges of modern supply chain management.
Mathematics-I
The following are the primary focuses of this course: Matrices, Systems of linear equations,
Determinants, Eigenvalues and eigenvectors Matrices, Complex numbers, Functions of one
variable, Limits, continuity, and differentiability, Mean value theorems, Indeterminate forms,
Taylor’s theorem, Functions of two variables, Partial derivatives, Total derivatives, Tangent
planes and normal lines, Maxima, minima, and saddle points, Double and triple integrals,
Vectors, Stoke’s theorem, Green’s theorem and Gauss divergence theorem and their
applications.
Course Objectives:
• To provide students with a foundational understanding of linear algebra and calculus.
• To develop logical reasoning and thinking through mathematical principles to improve
problem-solving skills.
• To give students the ability to apply mathematical concepts to real-world problems and
engineering challenges.
Course Outcomes:
• Students will demonstrate that they understand algebra and calculus.
• Capacity to use mathematical reasoning to solve complicated problems.
• Use mathematical concepts to analyze and effectively resolve engineering challenges
Textbooks
Course Objectives:
• To build analytical and experimental abilities to observe, quantify, and explain physical
phenomena.
• To offer a thorough understanding of the fundamental laws and principles regulating
the physical universe.
• To improve problem-solving abilities by applying physics principles.
Course Outcomes:
• Students will be able to perform experiments and data analysis to comprehend physical
events.
• Students will also have a solid understanding of the fundamental physics principles and
theories.
• Utilise physics to address problems and scenarios that arise in the real world.
Textbooks
Course Outcomes:
• Understand the underlying concepts of biological systems and their interdependence.
• The ability to analyze biological occurrences and processes critically.
• Use biological concepts to comprehend real-world scenarios and issues.
Textbooks
• Essentials of Biology (2020) by Sylvia S. Mader and Michael Windelspecht, 6th
edition
• Biology: Concepts and Investigations (2017) by Mariëlle Hoefnagels
The following are the primary focuses of this course: Indian Knowledge System – An
Introduction, The Vedic Corpus, Number System and Units of Measurements, Mathematics,
Astronomy, Engineering and Technology: Metals and Metalworking, Engineering and
Technology: Other Applications, Town Planning and Architecture, Knowledge Framework
and Classification, Linguistics.
Course Objectives:
Course Outcomes:
• Develop an understanding for India's rich cultural legacy through its ancient
knowledge systems.
• Practise critically analyzing and interpreting ancient writings, ideologies, and
scientific ideas.
Textbooks
• Mahadevan, B., Bhat Vinayak Rajat, Nagendra Pavana R.N. (2022), “Introduction to
Indian Knowledge System: Concepts and Applications”, PHI Learning Private Ltd.
Delhi.
• Pride of India: A Glimpse into India’s Scientific Heritage, Samskrita Bharati, New
Delhi.
• Bag, A.K. (1979). Mathematics in Ancient and Medieval India, Chaukhamba
Orientalia, New Delhi.
• Bag, A.K. (1997). History of Technology in India, Vol. I, Indian National Science
Academy, New Delhi.
• Kapoor Kapil, Singh Avadhesh (2021). “Indian Knowledge Systems Vol – I & II”,
Indian Institute of Advanced Study, Shimla, H.P
Engineering Graphics
The following are the primary focuses of this course: Introduction to Engineering Graphics,
Drawing instruments and materials, drawing conventions, Lettering, and dimensioning,
Orthographic Projections, first and third-angle projections, projections of points, lines, and
planes, Projections of solids, Various types of sectional views, full, half, and partial sections,
revolved and removed sections, isometric projections, principles of isometric projection,
construction of isometric views, isometric projections of solids, principles of perspective
projection, construction of perspective views, Perspective projections of solids, geometric
constructions, construction of basic geometric shapes, construction of conic sections,
construction of special curves.
Course Objectives:
• Learn technical drawing techniques such as orthographic projections, isometric
perspectives, and 3D modelling.
• Practise producing and modifying engineering drawings using computer-aided design
(CAD) software.
Course Outcomes:
• Expertise in developing precise engineering drawings utilising manual and computer-
based methods.
• Communicate engineering ideas and thoughts using standardized and exact graphics.
Textbooks
Course Objectives
• Learn the fundamentals of C and Python programming.
• Enhance problem-solving skills by using algorithms and logic in both languages.
Course Outcomes
• Demonstrate skill in C and Python programming, including scripting, debugging, and
execution.
• Use programming concepts to address real-world problems using appropriate
algorithms and data structures.
• Explain the pros and cons of using C and Python for different programming tasks.
Textbooks
• Computing Fundamentals And C Programming (2017) by E Balagurusamy
• Python: The Complete Reference (2018) by Martin C. Brown
Second Semester
In the second semester of the B.Tech programme in Logistics and Supply Chain Management,
Mathematics-II, Introduction to Management Science, and Environmental Studies teach
advanced problem-solving, data-driven decision-making, and sustainability. Engineering
Mechanics and Electrical Engineering Fundamentals teach equipment and automation, while
Basic Economics explains market dynamics. Maintenance and comprehension of equipment
are taught in workshops. These courses equip students for modern logistics and supply chain
management and its associated challenges.
Mathematics-II:
The following are the primary focuses of this course: Infinite series, definition, and properties
of Laplace transforms, solving linear differential equations using laplace transforms, Inverse
Laplace transforms, numerical methods, Numerical solutions of nonlinear equations, numerical
differentiation, and integration, Vector Calculus: Scalar and vector fields, level surfaces,
directional derivative, Gradient, Curl, Divergence, Laplacian, line and surface integrals,
theorems of Green, Gauss and Stokes, line integrals independent of path.
Course Objectives:
• Develop sophisticated mathematical skills beyond the basics, such as differential
equations, linear algebra, and probability theory.
• Improve problem-solving ability by applying sophisticated mathematical principles.
• Allow students to apply sophisticated mathematical principles to engineering
challenges and real-world circumstances.
Course Outcomes:
• Exhibit mastery in probability theory, linear algebra, and differential equations.
• aptitude for applying sophisticated mathematical ideas to tackle difficult situations.
• Effectively analyze and resolve engineering challenges by utilizing sophisticated
mathematical concepts.
Textbooks:
The following are the primary focuses of this course: Basic and Advanced linear programming,
Simplex Method, sensitivity analysis and its application in operations, supply chain, finance,
and operation management, integer programming, network models and their application, non-
linear optimization models, project scheduling (i.e., PERT/CPM), Inventory models,
simulation modeling, decisions analysis, multi-criteria decision making, forecasting and
Markov processes, dynamic programming
Course Objectives:
• Introduce basic management principles and theories, such as planning, organizing,
and decision-making.
• Develop the analytical thinking and problem-solving skills essential for managerial
decision-making.
• Understand the practical applicability of management principles in real-life settings
and company environments.
Course Outcomes:
• Understand, comprehend, and articulate basic theories and concepts in management.
• Gain the analytical abilities required for problem-solving and managerial decision-
making.
• Effectively apply management concepts in a range of real-world contexts.
Textbooks
Environmental Studies:
The following are the primary focuses of this course: Introduction to environmental science,
living organisms and their environment, understanding ecosystems and their components,
biodiversity, its importance, earth atmosphere, climate weather, water pollution, climate
change, population growth, earth’s geological process, air pollution, biodiversity, greenhouse
gas emissions, water cycle, resource depletion, population and environment, soil formation,
population and environment, renewable and non-renewable sources of energy, Land use
patterns, Land degradation, forest conservation, water scarcity, issues related to water quality,
watershed management, water conservation, Endangered species, protected areas, and wildlife
management, environmental issues, sustainable development, environment impact and laws
and policies for environment protection, awareness about the sustainability, capacity building
for environment education.
Course Objectives:
• Teach students about sustainability, ecology, and environmental issues.
• Acquire critical thinking abilities to assess environmental issues and possible fixes.
• Promote awareness of the value of sustainable lifestyles and practices.
Course Outcomes:
• Understand and explain various environmental problems and their implications.
• Analyze environmental issues critically and propose potential solutions.
• Apply principles of sustainability to promote environmentally friendly behaviors.
Textbooks
Basic Economics:
The following are the primary focuses of this course: Definition of economics,
microeconomics, macroeconomics, various economic systems, understanding supply and
demand, utility, and presence, costs of production and production functions, competitive
market, competition, and pricing strategies, gross domestic product, inflation and deflation,
monetary and fiscal policy, international trade, trade agreements, measurement of economic
development and growth.
Course Objectives:
• Incorporate essential economic principles, such as supply and demand, market
structures, macroeconomic indicators, and more.
• Conduct an analysis of economic phenomena and decision-making processes by
applying economic theories.
• Comprehend the applicability of economic principles across a wide range of business
and societal contexts.
Course Outcomes:
• Comprehend and articulate fundamental economic principles along with their practical
implementations.
• Analyse practical economic situations by applying economic theories.
• Employ economic principles in order to comprehend and confront economic challenges
that arise in various contexts.
Textbooks
• Economics (SIE) 20th Edition (2019) by Paul A. Samuelson, William D. Nordhaus,
Sudip Chaudhuri, Anindya Sen
• Principles of Economics with MindTap (2022) 8th Edition, by N. Gregory Mankiw
Engineering Mechanics:
The following are the primary focuses of this course: Basics of mechanics, units of
measurement, centre of gravity, moment of inertia, vectors, and scalars, forces, frames and
moment, equilibrium of particles, equilibrium of rigid particles, trusses, beams, friction,
kinematics, kinetics, work, and energy, virtual work, momentum and impulse, circular motion,
projectiles, harmonic motion, collision, mechanical vibrations.
Course Objectives:
• Include statics and dynamics in the demonstration of basic mechanical principles.
• Develop problem-solving skills by applying mechanics concepts to the study and
resolution of engineering difficulties.
• Recognise the application of mechanics in the analysis and design of engineering
structures.
Course Outcomes:
• Understand and describe the fundamental principles of statics and dynamics.
• Effectively address engineering challenges using mechanics concepts.
• Apply mechanics concepts to the analysis and design of engineering structures.
Textbooks
• Engineering Mechanics: Statics and Dynamics (2021) 15th Edition by Russell C.
Hibbeler
• Engineering Mechanics: Applied Mechanics (2021), 1st Edition by J.K. Gupta and
S.K. Gupta
The following are the primary focuses of this course: Basics of electrical concepts, voltage,
and its source, current and power, ohm’s law, basic electrical circuit, Kirchhoff’s law for
current and voltage, electrical machines, power systems, introduction to semiconductor, AC
and DC current, AC circuit analysis, transformer, basics of logic circuit, Proportional-Integral-
Derivative (PID) controllers, electromagnetic fields and waves, Maxwell’s equations,
electronic devices, and amplifiers.
Course Objectives:
• Cover fundamental electrical principles and circuits, such as Ohm's Law, circuits, and
basic components.
• Offer hands-on experience with electrical circuits and components.
• Understand how electrical concepts are applied in diverse devices and systems.
Course Outcomes:
• Comprehend the fundamental concepts and applications of electricity.
• Employ electrical principles to analyze and design fundamental circuits.
• Recognize the function of electrical principles in a variety of electronic systems and
devices.
Textbooks
Workshop Practice:
The following are the primary focuses of this course: Workshop safety, measurement tools,
carpentry and woodworking, fitting, welding tools and joining techniques, sheet metal
working, basic electrical work, metal cutting, turning, machining, milling, and drilling.
Course Objectives:
• Offer hands-on experience operating workshop equipment, systems, and adhering to
safety procedures.
• Acquire the fundamental ability to operate workshop materials and apparatus.
• Participate in workshop activities while comprehending and applying safety,
precision, and accuracy protocols.
Course Outcomes:
• Exhibit proficiency in operating workshop equipment and apparatus.
• Acquire fundamental abilities to operate and manipulate workshop equipment.
Textbooks
• Workshop Practice (2013) by Swarn Singh
• Workshop Practice by H.S. Bawa
Third Semester
Course Objectives:
• Introduce fundamental concepts of probability theory and its applications.
• Develop skills in statistical analysis, including data collection, analysis, and
interpretation.
• Understand how probability and statistics are applied in real-world scenarios for
decision-making.
Course Outcomes:
• Demonstrate a comprehensive understanding of probability theory.
• Apply statistical techniques to analyze and interpret data effectively.
• Apply probability and statistical methods to support decision-making processes.
Textbooks
• Introduction to Probability and Statistics for Engineers and Scientists (2021), 5e by
Sheldon M. Ross
• Engineering Statistics (2000), 2e by Douglas C. Montgomery and George C. Runger
Operations Research-I:
The following are the primary focuses of this course: Overview of operations research,
applications and their role in the decision-making process, Formulation of LP problems,
Graphical solution method, Simplex method, Duality in LP, Introduction to integer
programming, Branch, and bound method, Cutting plane methods, Formulation and solution
methods for transportation problems, Assignment problems, Introduction to network models
(e.g., shortest path, minimal spanning tree, maximum flow), Solution techniques for network
models, Project scheduling: CPM, PERT, Project Crashing, Basics of dynamic programming,
Applications in resource allocation and project scheduling, Introduction to queuing models,
Characteristics of queuing systems, Basic queuing formulas, Inventory control models (e.g.,
EOQ - Economic Order Quantity), ABC analysis, Decision-making under uncertainty,
Decision trees, Sensitivity analysis, Introduction to game theory, Two-person zero-sum games,
Nash equilibrium, Basics of simulation modeling, Monte Carlo simulation, Introduction to
optimization software tools (e.g., Excel Solver, LINGO/LINDO).
Course Objectives:
• Introduce mathematical methods for problem-solving and decision-making in
operations.
• Teach optimization methods to improve efficiency and decision-making in operations.
• Understand the application of operations research techniques in real-life business
scenarios.
Course Outcomes:
• Apply mathematical methods to solve complex operational problems.
• Utilize optimization techniques to improve operational efficiency.
• Apply operations research techniques in analyzing and solving business problems.
Textbooks
Managerial Accounting:
The following are the primary focuses of this course: Introduction to managerial accounting,
Types of costs (e.g., variable, fixed, mixed), Contribution margin analysis, Breakeven analysis,
Profit planning and budgeting, Cost behavior, Cost concepts and classifications, Cost behavior
and cost-volume-profit analysis, Process costing systems, Activity-based costing, traditional
costing, Job order costing, Budgeting and performance measurement, Variance analysis (e.g.,
flexible budgets, standard costing) Capital investment decision methods, Cost control
techniques, Financial statement analysis, Management control systems, Transfer Pricing,
International Accounting.
Course Objectives:
• Introduce managerial accounting concepts, including cost analysis and budgeting.
• Provide tools and techniques for managerial decision-making using accounting
information.
• Understand how managerial accounting aids in planning, control, and decision-making.
Course Outcomes:
• Understand and apply managerial accounting concepts in business contexts.
• Use accounting information to support managerial decision-making.
• Apply managerial accounting techniques for planning and control in business
management.
Textbooks
• Jiambalvo, J. (2019). Managerial accounting. John Wiley and Sons
• Managerial Accounting (2023), 16th Edition by Kurt Heisinger and Joe Hoyle
Course Objectives:
• Develop skills in analyzing and interpreting data for managerial decision-making.
• Introduce techniques for predictive analytics to forecast trends and patterns.
• Understand how data analytics aids in strategic decision-making processes.
Course Outcomes:
• Analyze and interpret data effectively for managerial decisions.
• Apply predictive analytics techniques to forecast trends and patterns.
Textbooks
• Business Analytics for Managers (Use R!) (2011), by Wolfgang Jank (Author)
• Business Intelligence, Analytics, and Data Science: A Managerial Perspective (2016)
by Sharda Ramesh, Delen Dursun, et al.
Course Objectives:
• Introduce the basics of logistics and supply chain management.
• Understand how logistics and supply chain processes optimize business operations.
• Learn to manage the flow of goods and information in supply chain networks
efficiently.
Course Outcomes:
• Understand the fundamentals of logistics and supply chain management principles.
• Apply logistics and supply chain strategies to optimize business operations.
• Manage the flow of goods and information effectively within supply chain networks.
Textbooks
• Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies
(2022), 4th Edition by David Simchi-Levi, Philip Kaminsky, Edith Simchi-Levi, Ravi
Shankar.
• Supply Chain Management (2018), 7th Edition, by Sunil Chopra, Peter Meindl, Dharam
Vir Kalra.
Course Objectives:
• Introduce the concepts and initiatives in the 'Naya Bharat' (New India) context.
• Explore the role of logistics in national development and economic growth.
• Understand sustainable logistics practices and innovative solutions for Naya Bharat.
Course Outcomes:
• Understand and explain the initiatives and concepts related to 'Naya Bharat'.
• Analyze the role of logistics in the development of the nation's economy.
• Propose sustainable logistics practices and innovative solutions for the development of
'Naya Bharat'.
Textbook
• Logistics Engineering Handbook (2007) by G. Don Taylor
Fourth Semester
The syllabus of the fourth semester of the Bachelor of Technology programme in Logistics and
Supply Chain Management encompasses a selection of courses that are highly pertinent to the
contemporary demands of the industry. The course “Operations Research-II” aims to develop
and improve the optimisation abilities required for tackling complicated problems. The
significance of effective and environmentally friendly transportation is explored in the course
“Introduction to Multi-Modal Logistics”. The primary objective of “Material Handling and
Packaging” is to examine and analyse the implementation of efficient logistics strategies. The
course titled “Financial Management for Supply Chain Leaders” aims to develop the
participants’ proficiency in finance and leadership abilities. The field of “Global Logistics and
Supply Chain Management” encompasses the examination and management of difficulties that
arise on a worldwide scale. The course titled “Introduction to Artificial Intelligence and
Machine Learning” provides an overview of advanced technologies. These courses aim to
equip students with the necessary skills and knowledge to thrive in the dynamic and constantly
changing logistics and supply chain business.
Operations Research-II:
The following are the primary focuses of this course: Unconstrained optimization, Constrained
optimization and KKT conditions, Algorithms for solving nonlinear programming problems,
Formulation of integer programming problems, Branch-and-bound and branch-and-cut
algorithms, Applications in combinatorial optimization, Introduction to dynamic
programming, and its Applications, Overview of heuristic and metaheuristic algorithms (e.g.,
genetic algorithms, simulated annealing), Solving complex optimization problems using
heuristics, Pareto optimality and multi-objective decision-making, Algorithms for solving
multi-objective optimization problems.
Course Objectives:
• Provide advanced mathematical models and approaches for dealing with complicated
operational challenges.
• Develop optimization strategies for resource allocation and operational decision-
making.
• Recognise how operations research approaches can be applied to real-world operational
difficulties.
Course Outcomes:
• Solve complex operational challenges using powerful mathematical models.
• Use optimization strategies to allocate resources more efficiently.
• Use operations research methods to analyze and solve difficult operational problems.
Textbooks
Course Objectives:
• Introduce the logistics ideas and practices of utilizing numerous modes of
transportation.
• Discover techniques for increasing efficiency and integration in multimodal logistics
operations.
• Recognize risk factors and management techniques related to multimodal logistics.
Course Outcomes:
• Understand and define the principles governing the utilization of various forms of
transportation in logistics.
• Implement approaches to increase efficiency and integration in multimodal logistics
operations.
Textbooks
• Global Supply Chains and Multimodal Logistics: Emerging Research and
Opportunities (Advances in Logistics, Operations, and Management Science
(ALOMS)) by Deepankar Sinha
• Handbook of Logistics, Shipping, and Commercial Terminologies (2019) by Benny
John
Course Objectives:
• Introduce the fundamentals and techniques of logistics material handling efficiency.
• Learn about techniques for optimising packing procedures in order to streamline
logistical operations.
Course Outcomes:
• Establish proficiency in logistics material handling techniques.
• Use packaging optimization solutions for more efficient logistics operations.
• Implement safety procedures to ensure efficient and safe material handling and
packing.
Textbooks
• Immer J. R., Material Handling, Tata McGraw Hill Publication.
• James Apple, Material Handling System Design, John Wiley
• Theodore H., Allegre Sr., Material Handling Principles and Practice, CBS Publishers,
and Distributors
Textbooks
• Financial Management: Theory & Practice by Eugene F. Brigham and Michael C.
Ehrhardt
• Supply Chain Finance: A New Perspective on Cash Flow by Wendy Tate and Charles
C. Thomas
Course Objectives:
• Introduce global logistics concepts and supply chain management concerns.
• Investigate the regulatory systems that influence global logistics.
Course Outcomes:
• Understand global logistics concepts and supply chain management difficulties.
• Implement international logistics and operations strategies that are efficient.
Textbooks
• Supply Chain Management: Strategy, Planning, and Operation (Latest Edition), Sunil
Chopra, Peter Menidle, Prentice Hall.
• Integral Logistics Management: Operations and Supply Chain Management within and
Across Companies, Paul Schönsleben, CRC Press, Taylor & Francis Group.
• Logistics & Supply Chain Management, (Latest edition), Martin Christopher, Prentice
Hall.
• Business Logistics: Supply Chain Management (Latest Edition) L Ronald H. Ballou,
Prentice Hall.
• Introduction to Logistics Systems Management (2nd Edition): Gianpaolo Ghiani,
Gilbert Laporte, Roberto Musmanno, Wiley.
• Supply Chain and Logistics Management Made Easy: Methods and Applications for
Planning, Operation, Integration, Control, and Improvement, and Network Design
(Latest Edition): Paul A. Myerson, Pearson FT Press.
Course Objectives:
• Introduce fundamental AI and machine learning concepts and applications in logistics.
• Investigate the use of AI and machine learning technologies to optimize logistical
operations.
Course Outcomes:
• Describe the underlying concepts and uses of artificial intelligence and machine
learning in logistics.
• Use artificial intelligence and machine learning to optimize logistics operations.
• Use AI and machine learning in logistics and supply chain management to do predictive
analytics.
Textbooks
• The Elements of Statistical Learning, by Trevor Hastie, Robert Tibshirani, Jerome H.
Friedman
• Stuart Russell & Peter Norvig, Artificial Intelligence: A Modern Approach, Prentice-
Hall, Third Edition (2009)
Fifth Semester
The fifth semester of the B.Tech in Logistics and Supply Chain Management offers
contemporary, relevant courses. “Supply Chain Risk Modelling” teaches students how to
identify and mitigate supply chain risks, a critical skill in our interconnected and uncertain
world. “Logistics Network Design and Optimisation” covers the growing need for efficient and
sustainable supply chain networks, aligning with environmental and cost-effective logistics
solutions. Due to the present focus on international trade and logistics, “Port Terminal
Management” and “Air Cargo Management” acknowledge the importance of multimodal
transportation hubs in global goods flow. The continuously changing supply chain requires an
entrepreneurial mindset, which “Innovation and Entrepreneurship” develops. Students learn
cutting-edge technologies in the “Simulation and Digital Twin Lab” to optimise supply chains
with digital tools and simulations. Students learn how to succeed in the dynamic and
competitive profession of logistics and supply chain management by addressing industry
challenges and opportunities in these courses.
Course Objectives:
• Develop and implement strategies for identifying and evaluating risks in the
operations of supply chain chains.
• Develop models that can quantify and analyze the many different hazards that are
present within supply chain networks.
Course Outcomes:
• Implement comprehensive risk assessment in supply chain activities.
• Quantify and analyze supply chain risks using models.
• Implement effective supply chain risk mitigation techniques.
Textbooks
• Manners-Bell, J. (2020). Supply Chain Risk Management: How to design and manage
resilient supply Chains. Kogan Page Publishers.
• Olson, D. L. (2011). Supply chain risk management: tools for analysis. Business
Expert Press.
• Lemke, F., & Petersen, H. L. (2018). Supply chain risk management: advanced tools,
models, and developments.
• Khan, O., & Zsidisin, G. A. (2012). Handbook for supply chain risk management:
Case studies, effective practices, and emerging trends. J. Ross publishing.
Course Objectives:
• Introduce principles for creating effective logistics networks.
• Create methods to improve logistics network efficiency and cost-effectiveness.
• Learn how technology integration improves logistics network design and optimization.
Course Outcomes:
• Develop optimal logistics networks utilizing acquired principles of efficiency.
• Develop and execute strategies to enhance the efficiency and effectiveness of logistics
network operations.
Textbooks
• Yalaoui, A., Chehade, H., Yalaoui, F., & Amodeo, L. (2012). Optimization of logistics.
John Wiley & Sons.
• Réveillac, J. M. (2015). Optimization tools for logistics. Elsevier.
• Juan, A. A., Rabe, M., Goldsman, D., & Faulín Fajardo, J. (2021). Simulation-
optimization in logistics, transportation, and SCM. MDPI.
Course Objectives:
• Describe the concepts and procedures for effective port terminal management.
• Formulate plans to maximize throughput and efficiency in terminal operations.
Course Outcomes:
• Apply strategies for effective terminal operations into practise.
• Assure port terminal management of safety precautions and legal compliance.
Textbooks
• Ursavas, E. (2011). Port Operations and Container Terminal Management.
• Park, N. K. (2022). Smart Port Management and Strategy. Bentham Science Publishers.
• Pettit, S., & Beresford, A. (Eds.). (2017). Port management: cases in port geography,
operations and policy. Kogan Page Publishers.
• de Langen, P. W. (2020). Towards a better port industry: port development,
management and policy. Routledge.
• Saieva, G. Port Management and Operations (Lloyd's Practical Shipping Guides).
Routledge
Course Objectives:
• Describe the fundamentals and procedures of air freight operations and logistics.
• Develop plans to streamline air freight operations for promptness and efficiency.
• Recognise and make sure that the rules governing air freight handling are followed.
Course Outcomes:
• Effectively manage air cargo logistics
• Assure adherence to rules regarding the handling of flying cargo.
Textbooks
• Sales, M., & Scholte, S. (2023). Air cargo management: Air freight and the global
supply chain. Taylor & Francis.
• Maniriho, E. A. (2022). Aviation, AirCargo and Logistics Management: A Manual for
Air Cargo Handlers and Shippers. Notion Press.
• Hoffmann, R. (2014). Dynamic capacity control in air cargo revenue management. KIT
Scientific Publishing.
Course Objectives:
• Gain knowledge about the procedures and methods used in the logistics and supply
chain sector for innovation.
• Develop the skills required for supply chain and logistics-related entrepreneurial
endeavours.
• Gain an understanding of and experience creating sustainable supply chain and logistics
business concepts.
Course Outcomes:
• Utilize innovative approaches and strategies in the domains of logistics and supply
chain management.
• Acquire the requisite competencies for engaging in entrepreneurial endeavours within
the industry.
Textbooks
• Managing Creativity and Innovation, Harvard Business School Press. Thinkertoys, by
Michael Michalko, Ten Speed Press.
• The Art of Innovation, by Tom Kelley, Crown Business
• Richter, Nancy, Paul Jackson, and Thomas Schildhauer, eds. Entrepreneurial
innovation and leadership: preparing for a digital future. Springer, 2018.
• McCauley, Pamela. Essentials of engineering leadership and innovation. CRC Press,
2017.
• Northouse, Peter G. Leadership: Theory and practice. Sage publications, 2021.
Course Objectives:
• Explain simulation principles and how they apply to logistics and supply chain
management.
• Investigate and comprehend the idea and application of digital twin technology in
logistics.
• Provide hands-on experience using simulation and digital twin technology.
Course Outcomes:
• Use simulation principles to model logistics and supply chain scenarios.
• Make efficient use of digital twin technology in logistics and supply chain
management.
• Gain hands-on experience with simulation and digital twin technology applications.
Textbooks
• Simulation modeling and analysis (SIE) (2007) by Averill Law, Kelton, W. D., &
Kelton, W. D.
• Ivanov, Dmitry. (2021). Supply chain simulation and optimization with anyLogistix.
Sixth Semester
The courses offered in the sixth semester like “Maritime Logistics” and “Blockchains and
Smart Contracts for Digital Supply Chains” cover crucial aspects of contemporary logistics.
The terms “Procurement and Supplier Relationship Management” and “Warehouse and
Distribution Management” highlight crucial operational aspects. “Enterprise Lab” gives
students hands-on experience. By addressing current industry demands, these courses prepare
students for success in the dynamic and competitive field of logistics and supply chain
management.
Maritime logistics:
The following are the primary focuses of this course: Importance of maritime logistics in global
trade, the structure of the maritime industry: vessel types, shipping lines, policies, and
regulatory mechanism, types of port terminal operations, and the role of Industry 4.0
technologies in maritime logistics, demand, and inventory management in maritime logistics,
modeling risk disruption, and resilience in maritime industry, sustainability issues in maritime
logistics.
Course Objectives:
• Provide an overview of maritime logistics concepts and procedures, such as port
operations and vessel management.
• Acquire knowledge of tactics to maximize supply chain flow via maritime
transportation.
Course Outcomes:
• Effectively manage maritime logistics by applying acquired principles.
• Put plans in place for effective supply chain movement through maritime
transportation.
Textbooks
• Maritime Logistics: A Guide to Contemporary Shipping and Port Management (2015)
by Dong-Wook Song and Photis M. Panayides.
• Maritime Logistics: Contemporary Issues (2012) by Dong-Wook Song and Photis
Panayides
Blockchains and smart contracts for Digital Supply Chains:
The following are the primary focuses of this course: Significance of blockchain in digital
supply chain, the basics of blockchain, the definition of smart contract, cybersecurity issues in
blockchain for supply chain, the application of blockchain in the supply chain, and
sustainability aspects in blockchain. Introduction to Smart Contracts, Ethereum and Solidity,
Components of Smart Contracts, Smart Contract Security, Smart Contract Deployment, Legal and
Regulatory Considerations, Smart Contract Development Tools, Future Trends: Emerging technologies
and trends in smart contracts (e.g., non-fungible tokens, DeFi, DAOs), Integration with IoT and AI.
Course Objectives:
• Give an overview of blockchain technology and how it can be used in digital supply
chain management.
• Examine how supply chain transaction automation is facilitated by smart contracts.
• Gain an understanding of blockchain technology and smart contracts and use them to
improve supply chain operations' efficiency and transparency.
Course Outcomes:
• Describe the fundamentals of blockchain technology and how digital supply chain
management uses them.
• Use smart contracts to make supply chain transactions more automated and efficient.
• Utilise smart contracts and blockchain technology to increase supply chain operations'
efficiency and transparency.
Textbook
• Mastering Blockchain: Unlocking the Power of Cryptocurrencies, Smart Contracts, and
Decentralized Applications (2020) by Lorne Lantz, Daniel Cawry
Course Objectives:
• Introduce the fundamentals and operational procedures of procurement as they pertain
to supply chain management.
• Formulate supplier relationship management strategies that are efficient.
Course Outcomes:
• Establish and maintain effective connections with suppliers to ensure seamless
operations.
• Ensure cost-effective purchase without sacrificing quality.
Textbooks
• Purchasing and Supply Chain Management (2020), by Robert Handfield, Larry
Giunipero, James Patterson, Robert Monczka
Textbook
• Warehouse Management: A Complete Guide to Improving Efficiency and Minimizing
Costs in the Modern Warehouse (2017) by Gwynne Richards
Course Objective:
Outcome:
• Demonstrate the skill to plan and oversee warehouse layouts that make storage,
retrieval, and delivery as efficient as possible.
• Develop and execute plans to streamline distribution operations across the supply
chain.
Enterprise Lab:
The following are the primary focuses of this lab: Real-world challenges in logistics, e-
commerce, port management, inventory control, supply chain disruptions, and demand
planning. It leverages mathematical and AI models, along with industry-standard software tools
like CPLEX/GUROBI. Generative AI and deep learning techniques will be applied to problem-
solving, with a focus on creating informative dashboards. Students will gain hands-on
experience by tackling practical issues faced by startup owners, MSME (Micro, Small, and
Medium-sized Enterprises) owners, and well-documented case studies, using operations
research (OR), AI, simulation, and various modeling tools such as anyLogistix, Visualization
tools such as Power BI, Tableau.
Course Objectives:
• Provide hands-on experience in implementing principles related to supply chain
management in a commercial setting, whether it be a simulated or actual one.
Course Outcomes:
• Demonstrate competency in the application of supply chain management ideas within
a commercial context.
Textbook
• Supply chain simulation and optimization with anyLogistix (2021) by Ivanov, Dmitry
Choose Elective-I subject from the list provided (Elective List: 1 to 17). The syllabus for
each elective subject is provided at the end of the document.
Seventh Semester
The seventh semester of the B.Tech programme in Logistics and Supply Chain Management
provides students with courses that prepare them for career success. “Digital Innovation and
Technology in Supply Chain Management” examines how technology improves supply chain
efficiency and competitiveness. “Intermodal Transportation and Containerization” covers
modern transportation technology and practises, focusing on containerized shipping and
multimodal transportation. “Global Trade Management” teaches international logistics
concepts to prepare students for global logistics management. “SDGs and Logistics” promotes
sustainable logistics practises in line with the SDGs. In addition, “Elective II” lets students
specialise in personal or industry-relevant subjects. Finally, the “Internship” gives students
excellent hands-on experience to confidently and competently face logistics and supply chain
management difficulties.
Course Objectives:
• Introduce various digital technologies and innovations relevant to supply chain
management.
• Explore strategies to integrate digital innovations for optimizing supply chain
operations.
• Understand the impact of digital innovations on supply chain efficiency, transparency,
and customer service.
Course Outcomes:
• Explain various digital innovations and their relevance to supply chain management.
• Implement strategies to integrate digital technologies for optimizing supply chain
operations.
• Assess the impact of digital innovations on supply chain efficiency and customer
satisfaction.
Textbooks
• Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies
(2022) (4th Edition) by David Simchi Levi, Edith Simchi Levi, Ravi Shankar, Philip
Kaminsky. McGraw Hill Education.
• The digital supply chain (2022) by MacCarthy, Bart L., and Dmitry Ivanov
Course Objectives:
• Introduce principles and practices of utilizing multiple transportation modes in
logistics.
• Explore strategies for efficient containerization and its role in logistics operations.
• Understand how intermodal transportation and containerization enhance supply chain
efficiency.
Course Outcomes:
• Understand and explain principles governing the utilization of multiple transportation
modes and containerization in logistics.
• Implement strategies for efficient intermodal transportation and containerization in
logistics operations.
• Improve supply chain efficiency through the application of intermodal transportation
and containerization.
Textbooks
• Monios, Jason, and Rickard Bergqvist, eds. Intermodal freight transport and logistics.
CRC Press, 2017.
• Konings, J. W. The future of intermodal freight transport: operations, design, and
policy. Edward Elgar Publishing, 2008.
• Lowe, David. Intermodal freight transport. Routledge, 2006.
• Fremont, A. (2013) Containerization and Intermodal Transportation, in J-P Rodrigue,
T. Notteboom and J. Shaw (eds) The Sage Handbook of Transport Studies, London:
Sage.
Course Objectives:
• Introduce concepts and practices of managing global trade within supply chain
operations.
• Understand international trade regulations and compliance requirements.
• Develop strategies to assess and mitigate risks in global trade operations.
Course Outcomes:
• Explain concepts and practices of managing global trade within supply chain
operations.
• Ensure compliance with international trade regulations and requirements.
• Implement strategies to assess and mitigate risks in global trade operations.
Textbooks
• McBride, Stephen, and John Richard Wiseman, eds. Globalization and its Discontents.
London: Macmillan, 2000.
• Gerber, James. International economics. Prentice Hall, 2010.
• Helpman, Elhanan. Understanding global trade. Harvard University Press, 2011.
Course Objectives:
• Explore strategies to integrate sustainability practices within logistics and supply chain
operations.
• Understand and apply ethical and environmental considerations in logistics and supply
chain management.
Course Outcomes:
• Implement strategies to integrate sustainability practices within logistics operations.
• Apply ethical and environmental considerations in logistics and supply chain
management.
Textbooks:
• Sustainable Development Goals: Directive Principles For Sustainable India By
2030 (2019) By Ajay Ahlawat
• An Illustrated Guide To Sustainable Development & Goals ( 2022) by Renu Paswan
• Logistics & Supply Chain Management, (2022), Martin Christopher, Prentice Hall.
• Business Logistics: Supply Chain Management (2007) L Ronald H. Ballou, Prentice
Hall.
Choose Elective-II subject from the list provided (Elective List: 1 to 17). The syllabus for
each elective subject is provided at the end of the document.
Eight Semester
The students in the eighth semester of the B.Tech program in Logistics and Supply Chain
Management participate in three critical components: “Industrial Training/Internship” for
hands-on experience, “B.Tech Seminar” for research and industry insights, and “Project
Work/Dissertation” for in-depth investigation. These factors are extremely important for future
success in the industry, linking theory and practice.
Objectives:
• Utilise data analytics and its real-world applications to improve decision-making in the
supply chain.
• Examine data from across various supply chain partners to increase efficacy and
efficiency.
• Utilise analytics in the supply chain to forecast and make proactive decisions.
Outcomes:
• Use an analytical understanding to guide you in making sound decisions.
• Make better use of data analysis to achieve more efficiency throughout the supply
chain.
• Develop models of forecasting for different situations that include supply chains.
Textbooks:
• Robertson, P. W. (2020). Supply chain analytics: using data to optimise supply chain
processes. Routledge.
• Rahimi, I., Gandomi, A. H., Fong, S. J., & Ülkü, M. A. (Eds.). (2020). Big data analytics
in supply chain management: Theory and applications. CRC Press.
• Vijayaraghavan, T. A. S. (2021). Supply chain analytics. Wiley.
2. Reverse Logistics:
The following is the primary focus of the course: Structural and Infrastructural differences
between Forward Logistics and Reverse Logistics, Organization of reverse logistics – Strategic,
Tactical, Operational level challenges, Mathematics of reverse logistics – network design,
Customer relationships in reverse logistics, Employee relationships in reverse logistics,
Sustainability and Reverse Logistics.
Objectives:
• Acquire strategies for handling returns and the procedures involved in reverse logistics.
• Provide strategies to cut back on reverse logistics expenses.
Outcomes:
• Simplify the procedures for handling returned merchandise.
• Reduce the amount of money spent on reverse logistics activities.
Textbooks:
• Ait-Kadi, D., Chouinard, M., Marcotte, S., & Riopel, D. (2012). Sustainable reverse
logistics network: Engineering and management. Hoboken: Wiley.
• Dyckhoff, H., Lackes, R., & Reese, J. (Eds.). (2013). Supply chain management and
reverse logistics. Springer Science & Business Media.
3. Lean Six Sigma in Logistics and Supply Chain:
The following is the primary focus of the course: Introduction to Lean Six Sigma, Various tools
in Lean Six Sigma. The DMAIC process, Specific application of Lean six Sigma to Logistics
and supply chain management.
Objectives:
• To understand Lean Six Sigma techniques to optimize supply chain operations.
• To understand the strategies to improve the quality level of goods and services in the
supply chain.
• Reduce wastage and inefficiencies in all aspects of the supply chain.
Outcomes:
• Apply Lean Six Sigma techniques to enhance processes.
• Reduce waste and improve the effectiveness of operations.
Textbooks:
• Cudney, E. A., & Kestle, R. (2018). Implementing Lean Six Sigma throughout the
supply chain: The comprehensive and transparent case study. Crc Press.
• Martin, J. (2014). Lean six sigma for supply chain management. McGraw Hill.
• Martin, J. W. (2007). Operational excellence: using lean six sigma to translate customer
value through global supply chains. CRC Press.
Objectives:
• Understand and manage inventory effectively within retail operations.
• To develop strategies for accurate demand forecasting in the retail sector.
Outcomes:
• Improve inventory levels for efficient retail operations.
• Forecast demand accurately to meet customer needs.
• Determine collaborative relationships with suppliers for retail success.
Textbooks:
• Topps, J., & Taylor, G. (2018). Managing the Retail Supply Chain: Merchandising
Strategies that Increase Sales and Improve Profitability. Kogan Page Publishers.
• Myerson, P. (2020). Omni-Channel Retail and the Supply Chain: Working Together for
a Competitive Advantage. CRC Press.
• Fernie, J., & Sparks, L. (Eds.). (2018). Logistics and retail management: emerging
issues and new challenges in the retail supply chain. Kogan page publishers.
5. Humanitarian Logistics:
The following is the primary focus of the course: Introduction to humanitarian logistics,
Humanitarian issues in general – natural disasters – earthquakes, hurricanes, famines, floods,
etc., civil wars and migrants issues, asylum seekers, etc., Logistics requirement in various
humanitarian crises, Role of local, provincial / State, and Federal / Central Government, Role
of NGOs, Logistics Decision support systems, Resource requirement, resource planning,
Optimization and Cost analysis.
Objectives:
• To understand strategies for effective logistics during humanitarian crises.
• To understand the significance of the resilience of supply chains in humanitarian
contexts.
• To know the role of Efficiently allocating resources for humanitarian aid delivery.
Outcomes:
• Implement logistical strategies for disaster response.
• Develop supply chains capable of withstanding crises.
• Allocate resources efficiently for humanitarian aid.
Textbooks:
• Tatham, P., & Christopher, M. (Eds.). (2018). Humanitarian logistics: Meeting the
challenge of preparing for and responding to disasters. Kogan Page Publishers.
• Kovács, G., Spens, K., & Moshtari, M. (Eds.). (2017). The Palgrave handbook of
humanitarian logistics and supply chain management. Springer.
• Rand, G. (2010). Humanitarian Logistics, INSEAD Business Press.
Objectives:
• To understand the implications of emerging tech like IoT, AI, and blockchain in supply
chains.
• To develop an understanding of supply chain operations through technology adoption.
Outcomes:
• Apply and make use of cutting-edge technology in supply chain management.
• Boost agility and efficiency by implementing technology.
• Foster an innovative culture to support further tech adoption.
Textbooks
• Designing and Managing the Supply Chain: Concepts, Strategies and Case studies (4th
Edition) by David Simchi Levi, Edith Simchi Levi, Ravi Shankar, Philip Kaminsky.
McGraw Hill Education. Copyright © 2022
• MacCarthy, Bart L., and Dmitry Ivanov, eds. The digital supply chain. Elsevier, 2022.
Objectives:
• To understand methodologies for agile project management.
• To understand the various project management approaches within supply chains.
Outcomes:
• Implement agile methodologies for adaptable supply chain processes.
• Develop the capability to swiftly respond to changing market dynamics.
Textbooks:
• Cohn, Mike. Agile estimating and planning. Pearson Education, 2005.
• Hammarberg, Marcus, and Joakim Sunden. Kanban in action. Manning Publications
Co., 2014.
Objectives:
• To understand the competitive strategies within the context of supply chain
management.
• To gain an understanding of the strategies to differentiate the supply chain for
competitive advantage.
Outcomes:
• To align supply chain strategies with overall business goals.
• To develop supply chain strategies that offer a competitive advantage.
Textbooks:
Objectives:
• To understand the various sustainable and eco-friendly transportation options.
• To develop a basic understanding of economic viability while considering
environmental impact.
• To understand and comply with regulations for green transportation.
Outcomes:
• Ensure compliance with environmental regulations in transportation.
Textbooks:
• Fahimnia, B., Bell, G. H. M., Hensher, D., A., Sarkis, J. (Eds.) (2015) Green Logistics
and Transportation: A Sustainable Supply Chain Perspective, Springer.
• Psaraftis, H. N. (2018). Green Transportation Logistics: The Quest for Win-Win
Solutions. Springer
10. Green supply chain management
The following is the primary focus of the course: What is green supply chain management?
Supplier collaboration and development for Green SCM, Green procurement and
purchasing practices, Regional and global level sustainability differences and practices,
closing the loop – green reverse logistics.
Objectives:
• To understand the impact of the ecological footprint across the supply chain.
• To understand the role of stakeholders in commitment to green supply chain initiatives.
Outcomes:
• Reduce the environmental impact associated with supply chain operations.
• Implement sustainable practices in every stage of the supply chain.
• Facilitate stakeholder participation in endorsing green supply chain initiatives.
Textbooks:
• Sarkis, J., & Dou, Y. (2017). Green supply chain management: A concise introduction.
Routledge.
• Achillas, C., Bochtis, D. D., Aidonis, D., & Folinas, D. (2018). Green supply chain
management. Routledge.
Objectives:
• To understand legal frameworks governing business and supply chain operations.
• To understand the strategies to mitigate legal and ethical risks within supply chains.
Outcomes:
• Comply with legal and ethical considerations in business and supply chain decisions.
• Strategies to mitigate legal and ethical risks effectively within supply chains.
Textbooks
• Business Ethics: An Indian Perspective, 3e (2019) by A C Fernando, K P
Muralidheeran, E K Satheesh
• Business Law, Ethics & Communication (2015) by Kapoor G.K. Gupta C.B.
Objectives:
• To understand the modern storage systems and equipment for advanced warehouses.
• To understand various approaches to enhance warehouse operations and productivity.
• To understand the implications of Industry 4.0 technologies for warehouse operations.
Outcomes:
• Implement modern storage systems for efficient warehouse operations.
• Align warehouse technology with Industry 4.0 standards.
Textbooks:
• Frazelle, E. H. (2016). World-class warehousing and material handling. McGraw-Hill
Education.
• Ten Hompel, M., & Schmidt, T. (2008). Warehouse management. Springer Berlin
Heidelberg.
Objectives:
• To understand the evolution and future of manufacturing in the Industry 5.0 ecosystem.
• To understand the strategies to enhance human workers and advanced technologies
collaboration.
Outcomes:
• To develop strategies to ready for the next wave of industrial revolution in
manufacturing.
• To introduce innovative and sustainable practices within Industry 5.0.
Textbooks:
• Elangovan, U. (2021). Industry 5.0: The future of the industrial economy. CRC Press.
• Show, P. L., Chew, K. W., & Ling, T. C. (Eds.). (2021). The prospect of industry 5.0
in biomanufacturing. CRC Press.
Objectives:
• To understand the implications of adopting robotic solutions for automating supply
chain and logistics processes.
Outcomes:
• Apply robotics to automate various supply chain and logistics tasks.
• Improve efficiency and accuracy through robotics process automation.
• Reduce errors and risks associated with manual processes.
Textbooks
The following is the primary focus of the course: Introduction to Advanced Operations
Research; Problem Formulation and Model Building Techniques; Introduction to Nonlinear
Programming and Convex Optimization; Duality and Sensitivity Analysis; Integer Linear
Programming and Mixed-Integer Linear Programming (MILP); Network Optimization:
Shortest Path, Max Flow, and Assignment Problems; Unconstrained Optimization: Gradient
Descent, Newton's Method; Constrained Optimization: Lagrange Multipliers, KKT
Conditions; Convex Optimization: Properties, Algorithms, and Applications; Introduction to
Stochastic Processes; Stochastic Programming: Two-Stage and Multi-Stage Problems; Markov
Decision Processes and Reinforcement Learning; Multi-Objective Optimization; Pareto
Optimality and Efficiency; Goal Programming; Evolutionary Algorithms for Multi-Objective
Optimization; Introduction to Game Theory; Cooperative and Non-Cooperative Games;
Applications of Game Theory in Supply Chain; Monte Carlo Simulation; Discrete-Event
Simulation for Complex Systems.
Objectives:
• To understand the different probability and statistical methods for supply chain
decision-making.
• To understand the strategies for managing uncertainties within supply chain operations.
Outcomes:
Textbooks
• Hillier F.S. and Liebermann G.J. (2002). Introduction to Operations Research, McGraw
Hill.
• Taha, Hamdy A. Operations research: an introduction. Pearson Education India, 9th
edition.
Objectives:
• To understand the various factors influencing consumer choices in supply chains.
• To develop an understanding of the models to predict and understand consumer
preferences.
Outcomes:
• Understand factors influencing consumer choices within supply chains.
• Predict consumer preferences to align supply chain strategies.
• Develop strategies based on insights derived from consumer choice models.
Textbooks
• Interpreting Consumer Choice: The Behavioural Perspective Model (Routledge
Interpretive Marketing Research) (2013) by Gordon Foxall
• Consumers' Choice Model: An Alternative Meta-Goals Model Focused on Cognitive
Effort (2012) by Jisook April Park
17. Dynamic pricing and revenue management:
The following is the primary focus of the course: Introduction to Revenue Management,
Predicting Demand, Foundations of Pricing, Dynamic Pricing Approaches, economics for
dynamic pricing and revenue management, demand forecasting, optimization for Revenue
Management and network revenue management.
Objectives:
• To understand the importance of dynamic pricing models for maximizing revenue in
supply chains.
• To understand the strategies to optimize revenue through pricing mechanisms.
Outcomes:
• Apply pricing strategies responsive to market dynamics.
• Adjust pricing strategies in response to market fluctuations.
Textbooks
• Talluri, K.T. and G.J. van Ryzin. (2004) The Theory and Practice of Revenue
Management.
• Kluwer Academic Publishers.
• Pricing and Revenue Optimization (2005) by Robert L. Phillips. Stanford Business
Book.