Supply Chain Management is a specialization of the Econometrics and Operations Research master's program.
In an interconnected world, organizations increasingly collaborate in order to efficiently distribute their services to customers. This requires the integration of various key processes across organizations. The specialization Supply Chain Management equips you with expertise in supply chains, as well as the sophisticated quantitative methods and tools from optimization, that you need to effectively design, implement and manage supply chain processes.
The core courses of this program are oriented to computation with a solid basis in mathematics. This will enable you to master a broad spectrum of models and solution methods, and to design and analyze novel methods applicable to new situations.
Logistics is the oldest area of application of optimization. Supply Chain Management is the most advanced and nowadays one of the most relevant topics in this field. Courses in supply chain management and a case study illustrate a wealth of practical situations in which the operations research models and methods that you learned can be applied or adapted to the particular problem. You will be able to work and communicate in teams with people who are not experts in operations research. You will learn how to report the results of your investigations, both in academic and business environments.
Supply chain management and logistics, in general, continues to provide operations research with new and challenging research questions and is a major area of the job market for our program’s graduates.
Four 6 EC compulsory core courses:
- Combinatorial Optimization
- Stochastic Gradient Techniques in Optimization and Learning
- Operations Research Case study
- Behavioral Operations Research
Two 6 EC courses on supply chain management:
- Operation and Supply Chain Management
- Supply Chain Execution
- Geographic Information Systems
- Transport Economics
One free 6 EC elective
Thesis (18 EC): an in-depth study on a challenging subject from logistics and supply chain management, co-supervised by a researcher from the Logistics Department and a researcher from the Operations Research group.
The one-year master allows the student to attain a double degree by combining it with the second year of another tightly related two-year master's program, such as Applied Mathematics, Computer Science, Industrial Engineering or Business Analytics.
This specialization is ideal for you if you would like to take a management role in the operation of global supply chains for a manufacturing or service company, or for a logistics consultancy firm.
Almost all our alumni have leading positions in the companies where they work. This is thanks to their analytical excellence strengthened by the mathematical approach taken in this master's program.
Annual statistics collected by Elsevier show that, for many years, graduates of a master's in Econometrics and Operation Research are among those with the highest starting salary in the Netherlands. Reflecting the broadness of the topic of Operations Research, graduates are sought after in nearly every branch of industry and society.
A review of over 100 students who did a master's in Econometrics and Operations Research reveals that they found employment in management, finance, consulting, logistics and academia. Typical positions are a supply chain manager, management consultant for logistics companies, Operations Research-consultant, business analyst, quantitative analyst, software engineer, an industrial engineer.
During your studies, there are plenty of social activities organized by our student association, so that you get to know your future colleagues. After completion of your master's, you will be part of our thriving alumni community.
Graduates in Operations Research are highly desired throughout industry and society. More than 25% of our students already find a position during their master study, and almost all of them find a position within 3 months of graduating. According to a study by Elsevier, the average gross monthly income of graduates from Operations Research and Econometrics in their first year is approximately € 3.300.
Why VU Amsterdam?
Our research team has a broad internationally renowned expertise, by which we are able to offer advanced models and methods from the whole spectrum of Operations Research. Next to top-tier researchers, our team houses two captains of international consultancy in a world-leading Operations Research consultancy firm – one being its founder and director.
The researchers and lecturers in Logistics and Supply Chain Management at VU Amsterdam have a background in operations research and speak the language of optimization theory. In the core courses, you will get hands-on experience in turning the models and methods you learn or design yourself into practical code.
This master's in Econometrics and Operations Research is the only program of its kind in the beautiful and exciting city of Amsterdam, a major European business hub. The faculty’s Career Services office supports you with a series of workshops and individual coaching in your transition to the job market.
Admission with an International Degree
We welcome any student with a great interest in solving optimization problems in the field of Supply Chain Management, Financial Engineering, Data Science, or any other field where mathematical optimization plays a key role in making decisions. Besides being extremely motivated, students should satisfy the admission requirements listed here.
The master program Econometrics and Operations Research, track Operations Research, is open to students with a university Bachelor's degree that provides a thorough knowledge of mathematics. Additionally, you need to have successfully completed courses and studied literature related to the core of this program, consisting of (or equivalents of):
- Stochastic modeling
- S.M. Ross, Introduction to Probability Models, Academic Press, 2009
- Operations research and deterministic optimization
- H.A. Taha, Operations Research: An Introduction, Prentice-Hall, 2010, Chapter 1-12 or
- F.S. Hillier and G.J. Lieberman, Introduction to Operations Research, McGraw-Hill, 2005 (8-th ed.). Chapters 1-12
Besides these core courses, the requirements of admission are that the applicant has followed courses in Linear Algebra, Probability Theory, Analysis and Statistics at the level of our Bachelor EOR. The levels of these courses are indicated by the following books:
- Linear Algebra:
- D.C. Lay, Linear Algebra and Its Applications, Addison-Wesley, 2013
- Probability Theory:
- S.M. Ross, A First Course in Probability, Pearson, 2013
- J.M. Howie, Real Analysis, Springer, 2001
- J.A. Rice, Mathematical Statistics and Data Analysis, Duxbury Press, 2006 or G. Casella and R.L. Berger, Statistical Inference, Cengage Learning, 2008
Furthermore, it is important that students have experience with optimization and numerical programming in, for example, Python, R, Matlab, Java or C/C++. If you can show certified exam results for courses in operations research and mathematics as listed above you are admissible for the master. The equivalence will be evaluated by the Admission Board.
For more information about this course, requirements contact Dr. R.A. Sitters: email@example.com.
English language proficiency
The admission board wants to stress the intensity of the program: reading scientific articles and writing papers will be a key part, all at a very high pace. Your English language skills, both oral and written, are extremely important in this program. As you will have to communicate frequently with your fellow students and you will be working with and for international companies.
VU Amsterdam requires all applicants to take an English test. You can already apply online without having the test results. We do advise you to plan a test date as soon as possible. Below you will find the minimum English test scores for the program:
- Minimum general score: 6.5
- Minimum score speaking: 6.5
- Minimum score listening: 6.5
- Minimum score writing: 6.0
- Minimum score reading: 6.0
- Paper-based test 580
- Internet-based test 92-93
- Cambridge Proficiency Exam A, B, C
- Cambridge Advanced Exam A, B, C
The Vrije Universiteit Amsterdam offers the TOEFL ITP English-language proficiency test. The test is offered by the VU Taalloket. You can find more information and register for this test at www.taalloket.nl