Master Operations Research and Management april 2015
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Operations Research /
Management ScienceInformation MSc OR/MS
March 16, 2015
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MSc Operations Research / Management Science
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• Operations Research (OR) / Management Science (MS)
… is a collection of models and techniques
based on mathematics and other scientific approaches
that seeks solutions to find
the “best” design or operation of a system.
• One distinguishing feature of Operations Research is that it is not application specific.
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Wide variety of applications
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Examples of Master Thesis topics …
“Improving society by math and data”
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Goal
• To learn OR models and techniques
• To work with modern modelling & simulation software
• To formulate & solve practical decision problems
• To be aware of and to be able to handle non-quantitative
aspects of real-life problems
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Master program (1 year)
5
ECTS
Core courses (cluster A) 24
Elective 1 + 2 (cluster B) 12
Elective 3 (cluster C) 6
Master Thesis 18
total 60
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Schedule
• Two entry moments: September and February
• Entry in September:
• Fall semester: 5 courses
• Spring semester: 2 courses + Master thesis
• Entry in February:
• Spring semester: 5 courses
• Fall semester: 2 courses + Master thesis
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Cluster A courses (24 ECTS)
• OR/MS in Practice
• Nonlinear and Robust Optimization
• Simulation
• Management Science
• Dynamic Real Investment
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Cluster B+C courses (12 + 6 ECTS)
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B courses: two courses from:
• The core course, not selected above
• Games and Cooperative Behavior
• Financial Models
• Asset Liability Management
• Other courses, to be approved by the examination
committee (e.g. LNMB)
C courses: one course from:
• Other courses, to be approved by the examination
committee
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Other interesting courses
Production Management
Purchasing Management
Business Intelligence & Data Management
National OR-network courses (LNMB, Utrecht)
• Scheduling
• Queueing Theory
• …
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OR Mastermind
10
• 5 - 7 sessions per year
• Contents:
• presentations by companies
• tips/tricks on successful OR/MS in practice
• important developments in the OR/MS field, e.g.
• business analytics
• Big Data / Data Science
• possibility to get advice…
• On a voluntary basis!
• Interested 3rd-years BSc students are also welcome!
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Examples of Master Thesis topics
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“Improving society by math and data”
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Optimal cancer treatment
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Frank Steenbergen
Objective
Find optimal radiation plan such that
- tumor is targeted
- healthy organs are spared
Techniques
Nonlinear and robust optimization
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Optimal flood protection
13
Chris Pustjens
Objective
Find optimal set of flood protection measures such that
- safety norms are satisfied
- total costs are minimized
Techniques
Integer optimization, shortest path
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Optimal shift planning of Air Traffic Controllers
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Dori van Hulst
Objective
Find optimal shift planning such that
- all types of restrictions are satisfied
- total costs of under- and overcapacity are minimized
Techniques
Mixed integer optimization, robust optimization
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Optimal manpower planning
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Eline Slijkhuis
Objective
Find optimal manpower planning such that
- all types of restrictions are satisfied
- total contract costs are minimized
Techniques
Mixed integer optimization, forecasting
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Optimal refinery planning
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Harmen Boersma
Objective
Find production plan such that
- all types of restrictions are satisfied
- profit is maximized
Techniques
Nonconvex optimization
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Optimal energy planning in Smart Grids
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Robin Swinkels
Objective
Find optimal production/storage plan such that
- demand of heat/gas can be satisfied
- total costs are minimized
Techniques
Linear optimization, robust optimization
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Job opportunities
A lot of opportunities:
• Consultant at an OR center or OR department of a large firm
• Management consulting
• Management support (manufacturing, service)
• Application providers (SAP, Oracle, etc.)• Application builders• Solution builders• Implementers
• Research institutes (TNO, Deltares, …)
Also in academia: Getting a PhD
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Many career opportunities
OR advice centres
OR departments
OR software
Incontrol
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Job descriptions
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Some job descriptions of recent OR/MS graduates:
Supply Chain Consultant OM Partners
Implementation Consultant ORTEC
Life Cycle Management Analyst Philips Healthcare
Optimization Algorithm Expert Quintiq
Quantitative Analyst Rabobank Nederland
Quantitative Researcher Robeco
Consultant Quintiq
Supply Chain Consultant ORTEC
Risk Manager Cardano
Supply Chain Specialist Bavaria
Consultant Fabory Group
Data Scientist Greenhouse
OR Specialist Dutch Railways
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Future for OR/MS is bright …
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Source: IDC
0
20
40
60
80
100
120
140
160B
illi
on
US
D
Business Analytics Market Size
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Future for ORMS is bright …
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50-60% shortfall in
business analysts in the
US by 2018
Only ⅓ of 4.4 million
global business analyst
jobs will be filled by 2015
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Why studying OR/MS in Tilburg …
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• Wide variety of applications • also in job opportunities
• Improving society by math and data
• Quality of teachers:• World class researchers in OR/MS
• Strong connection to practice
• Extensive company network you can benefit from
(OR Mastermind)
• Many, many job opportunities...!
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Program Coordinator
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• Program information
• Planning
• Electives
• Study skills
• Special
circumstances
• Study results
• Extra curricular
activities
Marion van Heijningen
You can visit the program coordinator
at the Master’s Fair in the Restaurant
from 18.15 to 19.30.
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Admission & Application
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For all students:
• Enroll via Studielink
Non-TiSEM students (who want to enroll):
• In addition, submit an application for admission
For more information, go to
www.tilburguniversity.edu/education/masters-programmes/admissionprocedure/feb/