Behavioral Economics and Behavioral Operations Management --- In recent years, there has been practical and theoretical interests in behavioral study. Behavioral economics combines lessons from psychology and economics to study how people process information and make decisions as employees, managers and consumers. Behavioral operations management applies those insights to managing business operations. The course will provide an understanding of how people's decisions deviate from "optimal" (rational and selfish) choices, as well as the consequences of such deviations in management and the marketplace. This course is devoted to understanding the nature, causes and implication of these limitations. We will then consider how (a) managers and policy makers can intervene to improve decision making and outcomes and (b) how markets are organized around exploiting of remedying deviations from rational decision make. At the end of the course, students should understand the decision making process more thoroughly and be in a position to become a better manager.
Latest Syllabus
Behavioral economics combines lessons from psychology and economics to study how people process information and make decisions as employees, managers, and consumers. Behavioral operations management applies those insights to managing business operations. These fields have provided an understanding of how people's decisions deviate from "optimal" (rational and selfish) choices, as well as the consequences of such deviations in management and the marketplace. This course is devoted to understanding the nature, causes and implications of these deviations. We will then consider how (a) managers and policy makers can intervene to improve decision making and outcomes and (b) how markets are organized around exploiting or remedying deviations from rational decision-making.
Latest Syllabus
Introduction to Operations --- This course prepares students to think managerially and analytically about operations processes, and to use the results of analysis to make things work better, faster and cheaper. Operations management studies the value-creating processes by which inputs of materials, labor, capital and information are transformed into products and services which customers want and are willing to pay for. These processes can be managed well or poorly. Knowledge introduced in this course will help you understand the reasons for both.
Introduction to Operations Management (BBA) – W11, W12, W13, W14, F22
Managing Business Operations (Undergrad) – F14
Operations Management (MBA) – W16, W17, W18, W19
Operations Management (MM) – W20, W21, W22
Operations Management (WMBA) – F13, F14
Behavioral and Experimental Research (PhD) - W10, F15, F19 (for Stanford GSB), F23
Faculty Advisor: Multidisciplinary Action Projects (MBA) - 8 teams, W10.
Faculty Advisor: Multidisciplinary Action Projects (OMBA) - 3 teams, Su21.
Faculty Advisor: Tauber Institute for Global Operations Student Projects (MBA, MS) - 8 projects. Companies: General Motors, OfficeMax, Delphi, ConAgra, Steelcase, Mott Children’s Hospital, AIP-ADDMAN. 2011-2021.
