Bachelor
2021/2022
Key Success Factors in Supply Chain Finance
Type:
Elective course
Area of studies:
Management
Delivered by:
Department of Operations Management and Logistics
Where:
Graduate School of Business
When:
4 year, 3 module
Mode of studies:
distance learning
Online hours:
24
Open to:
students of one campus
Instructors:
Denis Gusev
Language:
English
ECTS credits:
5
Contact hours:
26
Course Syllabus
Abstract
The course consists of two parts. The first past is provided by Coursera. HSE University adds the second part.
First part (Coursera). Implement and manage a successful financing program for a corporate buying organization by learning about the key success factors in Supply Chain Finance. In this course, you'll learn about the challenges and bottlenecks in Supply Chain Finance and understand their impact on Supply Chain Finance programs. This course will help you understand who the ideal customer is for a Supply Chain Finance program and understand how revenue is generated and such programs are priced. You'll learn about the relevant factors for suppliers to come onboard and trade as well as identify the key roles and responsibilities involved in Supply Chain Finance. Additionally, this course will explain how to develop metrics and list the necessary elements for developing an effective financing program. By the end of this course, you’ll be able to perform a pre-sales analysis and a detailed supplier analysis, which are crucial for setting up a Supply Chain Finance program.
Second part (HSE University). The main advantage of the course includes experience of modeling financial flows in the supply chain research and transforming them according to actual tasks of the supply chain management under conditions of uncertainty and risk. Additionally, students will gain the ability to use the concept of utility for modeling the financial flows in supply chain research, ability to use multiple criteria decision making approaches for optimizing financial flows in the supply chain research. The course includes also mathematical models of simultaneous investment and financial planning in the supply chain research.
Learning Objectives
- The main purpose of the course is to provide ability to model financial flows in the sup-ply chain research and transform them according to actual tasks of the supply chain management under conditions of uncertainty and risk.
Expected Learning Outcomes
- Ability to model the financial flows of the supply chain under conditions of uncertainty and risk
- Ability to present financial flows in different formats and transform them accoriding to actual tasks of the supply chain management
- Ability to use mathematical models of simultaneous investment and financial planning in the supply chain research
- Ability to use multiple criteria decision making approaches for optimizing financial flows in the supply chain research under conditions of uncertainty and risk
- Ability to use the concept of utility for modeling the financial flows in supply chain research
Course Contents
- Section 1. Mathematical modeling financial flows in supply chain
- Section 2. Risk management of financial flows in logistics based on the concept of utility
- Section 3. Methods of multi-criteria optimization in modeling financial flows in logistics
- Section 4. Mathematical models of simultaneous investment and financial planning in the supply chain research
Assessment Elements
- Activity (Work during seminars, in-class quizzes, home analytical note and other homeworksQuiz, control work, analytic note (as homework) are mandatory (if absent for no valid reason, the student gets 0). Other three possible homeworks are voluntary.
- In-class Control work
- Written Exam
Interim Assessment
- 2021/2022 3rd module0.25 * In-class Control work + 0.25 * Activity (Work during seminars, in-class quizzes, home analytical note and other homeworks + 0.5 * Written Exam
Bibliography
Recommended Core Bibliography
- A first course in optimization theory, Sundaram, R. K., 2011
- Dynamic optimization : the calculus of variations and optimal control in economics and management, Kamien, M. I., 2012
- Elements of financial risk management, Christoffersen, P. F., 2003
- Financial institutions management : a risk management approach, Saunders, A., 2018
- Robust portfolio optimization and management, Fabozzi, F. J., 2007
Recommended Additional Bibliography
- Aleskerov F., Bouyssou D., Monjardet B. ‘Utility Maximization, Choice and Preference’, Springer Verlag, Berlin, 2007
- Merna, T., & Al-Thani, F. F. (2008). Corporate Risk Management (Vol. 2nd ed). Chichester, England: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=323307