<%@LANGUAGE="VBSCRIPT" CODEPAGE="CP_ACP"%> Agenda: IIT Seminar 2005
www.m-focus.co.th/iit
Agenda 
12:00-13:00 Registration at Room 10201, Building 10
13:00-13:10 WELCOME ADDRESS
Ajva Taulananda, Ph.D.
Member - IIT International Board of Overseers, Former Chairman of UTCC Council, and Former Chairman - Thai Chamber of Commerce
13:10-13:45

 EFFECTIVE ORGANIZATIONS
M. Zia Hassan, Ph.D.
Dean Emeritus and Professor, IIT Stuart Graduate School of Business
email: hassan@stuart.iit.edu
 13:45-14:30 TRADING FOREIGN EXCHANGE OVER THE INTERNET
John F. O. Bilson, Ph.D., Professor of Finance, Stuart School of Business, Illinois Institute of Technology
14:30-15:00 COFFEE BREAK
15:00-15:45 SOME SOFTWARE TOOLS USED ALONG THE SUPPLY CHAIN NETWORK
Nick Thomopoulos, Ph.D.
Research Professor, IIT Stuart Graduate School of Business
15:45-16:30

OPTIMIZING THE DESIGN OF A WORLD-WIDE SUPPLY CHAIN IN A SPREADSHEET – LESSONS WORTH LEARNING
Thomas W. Knowles, Ph.D.,
Professor of Management Sciences, IIT Stuart Graduate School of Business
16:30 CLOSING AND ADJOURN

 

Effective Organizations
M. Zia Hassan
Dean Emeritus and Professor
Stuart Graduate School of Business
Illinois Institute of Technology


Abstract
Effective organizations are organizations that are profitable, competitive, relevant, and responsive. Organization effectiveness is a function of five elements: innovation, people, structure, product, and financials. Effective management is the integration and balancing of all these to create and market products (services) and to maximize and balance customer value, employee value, and shareholder value.

Zia Hassan has served on the faculty at Illinois Institute of Technology since 1960. He served as Dean of the Stuart Graduate School of Business from 1989 to 2002, when he was appointed Dean Emeritus in 2002. His research interests are in the area of Effective Organizations, Quality Management, and Strategic Management. He has served as consultant in these areas to numerous U.S. and Foreign companies and the United Nations Development Program. He has published numerous papers and a textbook. Dr. Hassan is a Fellow of the American Society for Quality and has served as examiner for the Malcolm Baldrige National Quality Award. He received his MS and PhD from Illinois Institute of Technology.

 

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Trading Foreign Exchange over the Internet
John F. O. Bilson
Professor of Finance
Illinois Institute of Technology


Abstract
Over the past few years, a number of companies have created web sites that allow individual investors to trade foreign currencies over the Internet. These sites differ from traditional futures markets in a number of important respects: a) they allow individuals to trade currencies in quantities as small as 1 U.S. dollar, b) they allow individuals to trade exotic currencies, and c) they are open to traders in many different countries. In this presentation, Professor Bilson will discuss the new sites and demonstrate some trading strategies for small investors. He will also discuss the implications of electronic trading for financial markets education and for the economic prospects of developing market economies.

John Bilson holds a joint appointment at the Illinois Institute of Technology as a Professor of Finance in the Stuart Graduate School of Business and the Institute for Business and Interprofessional Studies. He has published widely in the areas of foreign exchange and financial risk management. He was awarded a Ph.D. in international economics by the University of Chicago.

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Software Tools Used Along the Supply Chain Network
Nick T. Thomopoulos
Research Professor
Stuart Graduate School of Business
Illinois Institute of Technology

 

Abstract
This talk describes a series of software tools that are being used to gain inventory efficiency at the various links along the supply chain network. The chain begins at the raw goods supplier and ends at the customer. The links in-between may include: basic goods suppliers, part and component suppliers, packagers, plants, service parts distribution centers, finished goods distribution centers and dealers. The software purpose is to assist each link in their efforts to systematically replenish their stock to achieve a high service level, minimize inventory investment, buy at the minimal prices and increase sales.

Nick Thomopoulos Ph.D. is a Research Professor in the Stuart Graduate School of Business at IIT. He served for more than 30 years as a consultant to firms in and outside the U.S. on assembly line systems, forecasting, inventory, production scheduling, and various applications using queuing, probability, simulation and statistical analysis. His book publications include: Assembly Line Systems (Hayden Book. Co.), Applied Forecasting Methods (Prentice Hall, Inc.) and Strategic Inventory Management and Planning (Hitchcock Publishing Co.). Upon earning a bachelor’s degree in business and a master’s degree in mathematics from the University of Illinois in Urbana he went on to earn a Ph.D. in Industrial Engineering from the Illinois Institute of Technology in Chicago.


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Optimizing the Design of a World-Wide Supply Chain in a Spreadsheet Environment--Lessons Worth Learning
Thomas W. Knowles
Professor of Management Sciences
Stuart Graduate School of Business
Illinois Institute of Technology
Abstract
The design of the supply chain is a strategic decision that is critical for success. Business executives frequently use spreadsheets, such as Excel, to evaluate different design alternatives. However, the power of computers and availability of add-ins has allowed the use of optimization tools in a spreadsheet on the desktop. We describe supply chain planning for a multi-product, multi-stage production process with production facilities at each stage located around the world and sales around the world. Scrap, transfer prices, shipping rates, pipeline inventories, local country taxes, and tariffs all complicate the problem. The strategic decisions are which facilities to keep open and at what level of operation. Also, the amount shipped from each plant at one stage to each location at the next stage must be decided. We describe how this was done and give some lessons worth learning.

Tom Knowles is a Professor of Management Sciences at the Stuart Graduate School of Business at Illinois Institute of Technology. He has published many papers in many areas, particularly in optimization methods and applications. He received his PhD from the Graduate School of Business at the University of Chicago. He has consulted for companies in a wide range of industries including companies such as Citigroup, Lucent Technologies, Motorola, Newmont Gold Company, Mittal Steel, Eka Chemicals, Ameritech, and Continental Airlines.

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