sap course 1429479580

Course Code & Number:

IE 414

Course Title:

Inventory Planning Problems

Level of Course:

BS

Credits:

(3+0+0) 3 TEDU Credits, 5 ECTS Credits

Catalog Description:

Economic Order Quantity model and extensions. Inventory control policies for stochastic demand. Joint replenishment problem. Introduction to multi-echelon inventory problems.

Pre-requisites & Co-requisites:

Pre-requisites: NONE
Co-requisites: NONE
Year of Study: 
Senior
Mode of Delivery: 
Face-to-face
Language of Instruction: 
English
Course Type: 
Elective
Required Reading: 
Axsater, S. (2006), Inventory Control, Kluwer Academic Publishers
Course Objective: 

The goals of this course are to teach modeling and analysis of advanced deterministic and stochastic inventory control problems including multi-item and multi-echelon problems. The course also aims to expose students to the complex inventory problems of real life applications and teach them how to tackle with these problems with creative and critical thinking. The students are also engaged in self-learning in an advanced topic of inventory planning problems.

Extended Description: 

Economic Order Quantity model and extensions. Inventory control policies for stochastic demand. Joint replenishment problem. Introduction to multi-echelon inventory problems.

Learning Outcomes: 

Upon succesful completion of this course, a student will be able to
1. Construct models for deterministic and stochastic inventory planning problems (B5, c)
2. Optimize models developed to meet desired needs (B5, c)
3. Choose and defend the best policy suitable for a given environment (B6, c)
4. Interpret and criticize inventory control practices adopted for complex contemporary problems of manufacturing and service systems (B6, h)
5. Recognize the need of and engage in life-long learning (i)

Planned Learning Activities and Teaching Methods: 
Telling/Explaining
Discussion/Debate
Reading
Case Study/Scenarion Analysis
Simulation & Games
Assessment Methods and Criteria: 
Test / Exam
Quiz/Homework
Written Project

Student Workload:

Quizzes /Homeworks
40
hrs
Midterm Exam 1
12
hrs
Final Exam
18
hrs
Others
67
hrs

Prepared By:

Revised By:

sap_editor