Courses

BBA in Operations Management

The curriculum consists of:

  • University Common Core;
  • Business Core Courses;
  • Required BBA-OM Courses;
  • Additional Required Courses for Business Analytics Option (for 2014-15 cohort or after);
  • Elective Courses - Operation Management;
  • Elective Courses - Statistics

University Common Core (6 Credits)

The following courses are University Common Core required for all HKUST SBM students. They are required to study the corresponding credits in each of the specified area.

Course CodeCourse TitleCreditsDescription
ISOM 1500 Insightful Decisions 3 The course helps students develop better analytical and decision making skills in approaching practical and important social and business issues. Students will derive solutions or conclusions that require critical thinking, creativity, quantitative analysis, and common sense. Cover topics in decision traps, quantitative decision models, statistical reasoning, computer tools, data-analysis techniques, etc. and, more importantly, how these decision analysis concepts and tools can be applied in a broad set of social and business problems.
ISOM 1700 Critical Issues in Business Operations 3 The course will focus on how business organizations should create and sustain value for different stakeholders in the society by designing, optimizing, and improving the operations. Successful businesses have demonstrated their sustainable competitiveness by maintaining a balanced view of economic prosperity, environmental stewardship, and social responsibility. This course will also examine how the changing perspectives of stakeholders (like government and consumers) affect the business decisions and operations.
  Subtotal credits 6  

Business Core Courses (6 credits)

Course CodeCourse TitleCreditsDescription
ISOM 2500 Business Statistics 3 Collection, tabulation and presentation of numerical data; concepts of probability and probability distributions; sampling; statistical estimation and hypothesis testing; correlation and regression analysis. Exclusion(s): CIVL 2160, IELM 2510, LIFS 3150, MATH 2411, MATH 3423, .
ISOM 2700 Operations Management 3 For SB&M students, and programs that designate the course as a required/recommended elective course. Production and service operations viewed from the strategic, tactical and operational levels; capacity planning, process selection, impact of technology location and layout, material and resource requirements, scheduling and quality control. Exclusion(s): IELM 4100, ISOM 2720.
  Subtotal credits 6  

Required BBA-OM Courses (8 credits)

Course CodeCourse TitleCreditsDescription
ISOM 3710 Management Science 4 Introduction to scientific approaches to informed decision making and technical methods for managerial problem solving; spreadsheet modeling in Excel is used throughout; two important frames: constrained optimization and decisions under risk; emphases on model formulation and solution interpretation; applications to a wide variety of management situations. Exclusion(s): CIVL 2170, IELM 3010, IELM 3020, PHYS 4059.
ISOM 3730 Quality and Process Management 4; Concepts and strategic importance of quality, organizational aspects, total quality control, quality and productivity improvement programs, quality costs and economics. Applications in industrial and service sectors. Second or third year standing preferred. Exclusion(s): IELM 3270.
  Subtotal credits 8  

Additional Required Courses for Business Analytics Option (for 2014-15 cohort or after) (6 credits)

Course CodeCourse TitleCreditsDescription
ISOM 3360 Data Mining for Business Analytics 3 This course covers the fundamental concepts, technologies, and applications of business analytics to help firms gain a competitive advantage in the era of Big Data. Topics include text mining, predictive analytics, search engine strategy, social network analysis, cloud computing, etc. Students will gain hands-on experience with popular data analytical tools. Exclusion(s): COMP 4331 Prerequisite(s): ISOM 2010
ISOM 3900 Decision Analytics This course helps the students develop better analytical skills in approaching strategic and tactical business decisions. Students will learn to derive solutions or conclusions that require critical thinking, quantitative analysis, and statistical reasoning skills. These skills are essential and indispensable for major business decisions. Prerequisite(s): ISOM 2500
  Subtotal credits 6  

Elective Courses - Operations Management (37-41 credits)

Course CodeCourse TitleCreditsDescription
ISOM 3740 Service Management 3 Design and implementation of service strategies, service products and delivery systems; concepts and tools for effective management of service organizations. Prerequisite(s): ISOM 2700.
ISOM 3760 Logistics Management 3 Management of purchasing and distribution of goods and services; supply management; material handling; pricing; transportation and warehousing; customer service standards. Second or third year standing preferred. Exclusion(s): IELM 3450 Prerequisite(s): ISOM 2700.
ISOM 4720 Simulation in Business and Management 3 Introduction to probabilistic models of operations management; generating random numbers; simulating random variables and discrete event systems; variance reduction techniques; application to risk management, option pricing and other financial problems; application to inventory, queuing, and manufacturing systems. Exclusion(s): IELM 4130 Prerequisite(s): One of ISOM 2500, MATH 2411 or MATH 2421.
ISOM 4740 Enterprise Resource Management 3 Basic concepts and practices of enterprise resource management; popular enterprise resource planning software packages, such as SAP R/3 for discussing and building integrated business solutions. Prerequisite(s): ISOM 2700.
ISOM 4750 Business Project Management 3 This course covers basic principles and practices of business project management. Special emphases are on project planning, scheduling, and control while addressing both the technical and the social aspects of managing business projects. Prerequisite(s): ISOM 2700.
ISOM 4770 Supply Chain Management 3 Single node inventory control, supply chain network, demand management, manufacturing and replenishment in supply chains, information and coordination in supply chains, product variety management. Third year standing required. Prerequisite(s): ISOM 2700.
ISOM 4780 Operations Strategy 3 [Previous Course Code(s): ISOM 4850] This course will introduce students in the design and implementation of operations strategy to create competitive advantages for a company to compete in the market place. The balanced scorecard will be used as the strategic management system to monitor and measure the strategy implementation. Students will learn to integrate and align the operations decisions in different business units of a company with the company's strategy through a strategy simulation game. For students in their fourth year of study only. Exclusion(s): ISOM 3100 Prerequisite(s): ISOM 2700
ISOM 4790 Special Topics in Operations Management 0-4 Current developments in the field of production and operations management.
ISOM 4810 OM Best Practices 3 In this course, students shall study 12 applications in OM that have been judged by peers as being amongst the best in recent years. Students shall try to understand what the problem was, how it was addressed, how it worked out and attempt to learn what marked it as a success and how portable the practice can be. The principle purpose is to expose students to a wide range of good case histories in order to enhance their repertoire and experience in OM. Prerequisite(s): ISOM 2700.
ISOM 4820 Revenue Management 3 This course focuses on how a firm should set and update pricing and product availability decisions across its various selling channels in order to maximize its profitability. Through a combination of case studies, lectures and class activities, the course will review the main methodologies and different pricing strategies used in different industries. The goal is for students to learn to identify and exploit opportunities for revenue optimization in different business contexts. Prerequisite(s): ISOM 2700 and ISOM3710.
ISOM 4840 Financial Service Operations Management 3 [Alternate code(s) RMBI 4110] This course focuses on the products, processes and delivery channels in the financial industries. It analyzes and evaluates the designs and performances of the internal operations and the different distribution channels of the financial institutions, and identifies opportunities for continuous improvement in productivity, efficiency and service quality. Issues like operational risk management, application of IT, automation, outsourcing and new trends in the financial service operations for both financial institutions and non-financial institutions will be explored. Prerequisite(s )(ISOM 2500 OR MATH 2411) and ISOM 2700
ISOM 4880 Operations Management Project 3 This course is offered to those students who are interested in applying what they have learned in other OM courses to solve real business problems for a sponsoring corporation. Recommendation and/or implementation of solutions will be made through the use of operations management concepts, techniques, and tools. Students will work as a group and be supervised by faculty members. Enrollment in this course requires the approval of course instructor.
ISOM 4890 Independent Study in Operations Management 1-4 Faculty directed independent study on selected topics in operations management.
  Subtotal credits 37-41  

Elective Courses - Statistics (26-34 credits)

Course CodeCourse TitleCreditsDescription
ISOM 3530 A Second Course in Business Statistics 4 Practical application of statistics with emphasis on regression. Analysis of business data using a statistical package. Topics include: simple and multiple regression, residual diagnostics and model selection, experimental design and the analysis of variance. Exclusion(s): MATH 3424 Prerequisite(s): ISOM 2500 or MATH 2411.
ISOM 3540 Introduction to Probability Models 3 Probabilities, random variables, distribution functions, densities, expected values, conditional distributions and densities, conditional expectations, moment generating functions, Chebyshev's inequality, central limit theorem, and Poisson processes. Exclusion(s): MATH 2421, MATH 3425 Prerequisite(s): ISOM 2500 or MATH 2411.
ISOM 4520 Statistics for Financial Risk Management 4 This course provides an introduction to financial risk management. Topics include how to measure market risks, statistical properties of returns and volatility, volatility modeling, Value at Risk (VaR), Risk Metrics, historical simulation, assessing VaR methods and stress testing. Theories will be illustrated by practical examples in financial markets. Prerequisite(s): ISOM 3540 (Note: Students who have sufficient background in probability but without pre-requisite may enroll in the course upon approval by the instructor)
ISOM4530 Statistical Analysis of Financial Data in R/S-plus 4 Code(s): ISOM 4590A] This course intends to introduce the students to modern data analysis with an emphasis on financial applications. In this course, students will study the data exploration methods, applications of regression and time series, gain experience in analyzing financial data; and become proficient in using statistical software (R or S-Plus) to do estimation, modeling, and forecasting. Prerequisite(s): IELM 2510 OR ISOM 2500 OR MATH 2411
ISOM 4540 Time Series Analysis and Forecasting 4 Review of regression and its application to forecasting problems; moving averages, exponential smoothing, Box-Jenkins, ARIMA models and transfer function models; forecasts of economic, financial and business time series. Exclusion(s): ECON 4304, MATH 4425 Prerequisite(s): ISOM 2500 or MATH 2411.
ISOM 4550 Bayesian Statistics 3 Probabilities and conditional probabilities; distributions and conditional distributions; prior and posterior distributions; conjugate families of prior distributions; interval estimations and testing hypotheses; approximate posterior inference. Second and third year standing preferred. Prerequisite(s): ISOM 3540 or MATH 2421.
ISOM 4580 Elementary Sampling Methods 3 Simple random sampling, stratified random sampling, ratio and regression estimates, cluster sampling, estimation of sample size, systematic sampling, designing a questionnaire, emphasizing the practical aspects of a sample survey. Exclusion(s): MATH 3426 Prerequisite(s): ISOM 2500.
ISOM 4590 Special Topics in Statistics 0-4 Current topics in statistics.
ISOM 4690 Independent Study in Business Statistics 1-4 Faculty directed independent study on selected topics in Business Statistics.
  Subtotal credits 26-34