Description

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Operations management is a field of management that deals with the design and control of the production processes, and redesigning of business operations for producing goods or services. Industrial engineering is a branch of engineering management involved in the optimization of complex processes and systems. It achieves optimization of processes and systems by creating, improving and implementing an integrated system of resources, which include labor, money, knowledge, information, and machinery. There are various sub-disciplines of industrial engineering, namely, methods engineering, financial engineering, energy engineering, and operations research and optimization. Operations management and industrial engineering deal with the application of finance, analytics, engineering, logistics, and structured problem-solving techniques for meeting the goals of contemporary and globalized supply chains. This book brings forth some of the most innovative concepts and elucidates the unexplored aspects of operations management and industrial engineering. With state-of-the-art inputs by acclaimed experts of this field, it targets students and professionals.