MSc in Econometrics and Management Science (Analytics and Operations Research In Logistics)

Erasmus School of Economics
Program overview
1 year
Full time
Master's degree
Scholarships available
English

Start dates
Rotterdam
September 2023

Rotterdam
September 2024

Rotterdam
September 2025

About this program

Are you curious how logistics companies solve the puzzle of routing vehicles, ships and trains in the most efficient way? Would you like to apply your mathematical skills to ensure that airlines achieve optimal planning when making staff rosters? Operations Research is a broadly applicable discipline in which advanced quantitative methods are used to help better decision making. Quantitative Logistics studies the application of quantitative techniques to design, plan and control logistics systems. This programme trains you in both fields, while addressing real-life problems.

In this master you will learn how to apply the latest quantitative techniques and optimise real-life business challenges. In particular, you will learn how to tackle actual logistics problems ‘from data to advice’. This involves making a mathematical model, selecting an appropriate solution approach and implementing it as prototype software.

Is this the right choice for you?

Do you want your work to involve revenue management, transport planning and scheduling in railways, shipping lines and airlines or supply chain design? Or do you have a passion for science? Do you have sound academic training in econometrics, mathematics, physics or industrial, mechanical or systems engineering? Is your ambition to become an expert in logistics, supply chain management or workforce optimisation? Then you should seriously consider the business driven Operations Research and Quantitative Logistics programme.

In case you are thinking about studying Operations Research & Quantitative Logistics at Erasmus School of Economics, you will be well-prepared if:

  • Your bachelor provided you with a strong quantitative and analytical background containing advanced mathematics, applied mathematics like operations research and programming.*
  • Programming in languages like Java, Python or Matlab is something you enjoy and are good at.
  • Tackling an issue all the way from problem formulation to implementation of a suitable solution approach is your kind of challenge.
  • You are willing to work hard.

* Note that it is possible to do a pre-master programme to eliminate deficiencies.

Why study Quantitative Logistics and Operations Research in Rotterdam?

Rotterdam offers all the perks of a modern city, but it is probably best known as an epicentre of logistics. No wonder that this is the place to be if you want to become an expert who can truly add value in this sector.

This programme offers you:

  • A unique practice-based approach
  • Extensive knowledge of decision support systems and their underlying models and techniques
  • A focus on quantitative skills, logistics service providers and case studies
  • Close personal attention from staff that is known for their valued contributions to academic research and practical advice when dealing with complicated issues in the logistics sector
  • Training in two quantitative fields of expertise that will give you an edge in the job market.

Admission requirements

Relevant bachelor diploma

All applicants must hold a bachelor's degree (BSc) in the field of Econometrics and Operations Research, Economics and Mathematics, Quantitative Economics, Mathematics, Statistics or Industrial Engineering. Your degree has to be equivalent in both level and content to theBSc in Econometrics and Operations Researchoffered by Erasmus School of Economics. It is not necessary to have completed your bachelor degree at the time of application. However, all requirements of your bachelor degree must be fulfilled before the start of the academic year (by 28 August 2023).

Applicants with a degree in Economics, Business Economics or Business Administration need to have a quantitative specialisation (such as a minor or major in Econometrics, Operations Research or Decision Analysis) in order to apply.

Content

Your bachelor's degree needs to consist of a solid background in advanced mathematics, applied mathematics like operations research and programming, applied statistics, econometrics and time-series analysis. This background must be clear from your university transcript. Econometrics and Management Science involves making quantitative analyses in order to solve problems faced by the government and businesses. 

Level

Erasmus School of Economics followsDutch governmental institute Nuffic’sOpens externaladvice regarding the comparison of foreign degrees to the Dutch educational level to determine the level of your bachelor's degree.


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Program content

This master’s specialisation focuses on those areas in the transport and logistics sector that require strong quantitative skills, which is typically where advanced decision support systems are in use. Examples are transport planning and scheduling in railways, shipping lines and airlines, revenue management, and supply chain design and inventory control.

The courses consist of both methodological and applied quantitative courses. In the former you will learn advanced techniques in the field of Operations Research, while in the latter you will apply the techniques to challenging assignments and cases. With these skills you will be well-prepared to tackle real-life logistics business challenges.

The difference between this programme and standard logistics or supply chain management programmes is that you also learn the ins and outs of the methodology underlying advanced planning and decision support systems. This will provide you with a competitive edge, which is much appreciated by companies. The strong focus on methodology also prepares you well for a PhD trajectory.

Curriculum

The programme consists of five blocks each spanning eight weeks. The first three blocks are dedicated to courses and seminars, while the last two blocks will be mainly spent on writing a thesis. During the courses there will be assignments that you work on individually, while in the seminars you work in a team of students.

The curriculum consists of:

  • 50 % Methodological courses
  • 20 % Applied courses
  • 30 % Seminars

In class

In the seminars you will work in a group of four students on a real-life case study where a logistic planning problem is being tackled. For instance, students work on rostering maintenance engineers at KLM. Such a roster contains duties with work, but also training and holidays. Rostering of the holiday season is the most challenging puzzle: on the one hand, there is a high demand for flights, while on the other hand, employees like to have their holidays in that period. Students should and were able to find a schedule, which balances these conflicting objectives, while satisfying all operational constraints.

Scholarships & funding

For students outside of the European Economic Area (EEA), we have a number of scholarships available such as the Erasmus University Holland Scholarship, Philip Hans Franses Scholarship, and Erasmus School of Economics waiver for excellent current ESE bachelor students from non-EEA countries. For more information please visit our website or contact us.

Tuition

Master programs

Tuition fees (2023-2024)

  • €2.314 (Statutory fee: Dutch / EEA students)
  • €12.600 (Institutional fee: Dutch / EEA students)
  • €16.100 (Institutional fee: non-EEA students)

Studying in a foreign country can be very expensive. Fortunately, the Dutch government subsidizes higher education which leads to lower tuition fees for students with a nationality from a country belonging to the European Economic Area (EEA). In recent years, more and more students from outside the EEA have decided to study in the Netherlands, resulting in a growing demand for academic scholarships.

Qualification

Master of Science

About this institute

Study at Erasmus School of Economics!

Erasmus School of Economics is one of the world’s leading academic institutions. The school has a long-standing tradition of high-quality education and research. The best Erasmus graduates have made outstanding contributions to science, government, and business. Based in Rotterdam, the...


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Why study at Erasmus School of Economics

Erasmus School of Economics welcomes over 7000 Dutch and international students every academic year and provides world-class education in economic disciplines and econometrics.

By pursuing its three main principles:

  • Quality first
  • Integration of top research with a top education
  • A prime economic focus on current and future real-world questions

Erasmus School of Economics will ensure that by 2023, the School will have secured its place as a leading academic brand in economics and econometrics in the world.

Contact info

Erasmus School of Economics

Burgemeester Oudlaan 50
3062 Rotterdam
The Netherlands

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