One of
 OPIM 221  Process Management:  Manufacturing
  and Quality
 OPIM 321  Management Science    
Three of
 OPIM 221  Process Management: Manufacturing
  and Quality
 OPIM 223  Service Process Management
 OPIM 321  Management Science
 OPIM 415  Product Development  
Students pursuing the OR/MS track may substitute relevant courses offered in the Electrical and Systems Engineering Departments for one of the electives, with permission.  A list of suitable alternatives is available from the department.
The Department
Chair: Karl T. Ulrich. Professors: Gerard P. Cachon, Eric K. Clemons, Morris A. Cohen, Marshall L. Fisher, Monique Guignard-Spielberg, Patrick T. Harker, John C. Hershey, Steven O. Kimbrough, Paul R. Kleindorfer, Howard Kunreuther, Yu-Sheng Zheng.  Associate Professors: Rachel T.A. Croson, Noah Gans, Lorin M. Hitt, Maurice E. Schweitzer, Christian Terwiesch.  Assistant Professors: Krishnan Anand, Ravi Aron, Kartik Hosanagar, Thomas Lee, Serguei Netessine, Balaji Padmanabhan, Uri Simonsohn, Anita Tucker, Senthil Veeraraghavan. Affiliated Faculty: Alan Abrahams, James Carpenter, Anjani Jain, Ziv Katalan, Shirit Kronzon, Ulku Oktem, Kathryn Pearson, Maria Reiders, Kelly E. See, Jack Soll, Jacob Zahavi. Emeritus Faculty: James Emery, E. Gerald Hurst, James Laing.
Real Estate
The real estate concentration consists of two required credit units and two electives. While the required courses focus on real estate finance and law; the electives allow students to explore a variety of issues related to real estate. These include real estate development, the legal aspects of real estate investment and financing and the relationship between government policy and real estate development.
 REAL 204  Real Estate Law, Financing, and
 REAL 209  Real Estate Finance: Investment and
Two of
 REAL 206  Urban Pub. Policy & Private Development
 REAL 215  Urban Real Estate Economics  
 REAL 230  Urban Fiscal Policy  
 REAL 236  International Housing Comparisons
 REAL 240  Advanced Real Estate Investments  
 REAL 399  Independent Study/Student Research
  Seminar (no more than one)  
 REAL 821  Real Estate Development    
 REAL 890  International Real Estate Comparisons
  (.5 cu)
 REAL 891  Real Estate Entreprenuership (.5 cu)    
 ARCH 762  Design & Development  
ARCH 762 is offered as a supplementary course by Penn’s Architecture Department. It counts towards the 37 cu’s needed to graduate but not towards the four courses necessary for the concentration. Approval for inclusion in the concentration is given by the real estate undergraduate advisor, conditional upon outstanding performance in the course.
The Department
Chair: Georgette C. Poindexter. Professors: Joseph Gyourko, Peter D. Linneman, Susan M. Wachter. Associate Professor: Todd Sinai. Assistant Professors: Fernando V. Ferreira, Albert Saiz, Grace Wong. Secondary Faculty Members:  Robert Inman (FNCE), Janet Pack (BPUB). University Faculty: Michael Knoll, Janice Madden, Witold Rybczynski, Lynne B. Sagalyn. Emeritus Faculty: Jack M. Guttentag, Anita A. Summers.
The secondary concentration in Retailing provides an interdisciplinary overview of the retailing industry, combining courses in core retailing skills with industry relevant electives from Wharton and the College of Arts & Sciences. Four course units (cu’s) are required for the secondary concentration, based on the following framework:
 • Retailing Core Component (1.0 cu): Introductory courses in retailing and retail supply chain management;
 • Marketing Component (1.0 cu): Selected from retail-relevant courses in marketing;
 • Operations Component (1.0 cu): Selected from retail-relevant courses in Management, OPIM, real estate and transportation;
 • Design Component (1.0 cu): Selected from retail-relevant courses in architecture, communications, OPIM, urban studies and visual studies.
A secondary concentration in Retailing is intended to complement course work completed in a primary concentration and provide deep exposure to retail-relevant issues. Retailing cannot be a student’s only concentration at Wharton; students must have declared a primary concentration. Also, one course unit may simultaneously count toward the Business Breadth requirement and the Retailing secondary concentration. However, no other