| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Define the basic principles of the inventory, inventory management and demand terms.
- Identify the inventory costs and establishing the total cost functions
- Has the ability to model, analyze and solve the inventory models regarding the basic concepts of inventory policies
- Present the qualitative or quantitative research projects
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
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| Recommended Optional Programme Components | Production Planning and Control |
|---|
| Course Description | In this couse, after reviewing the basic concepts of inventory, the advantages of stock, demand variety, purchasing and shortage costs, Basic Inventory Policies (Basic EOQ Model, Backloging model, Production Model, Production model with Shortages), Discount Models, Dynamic models (Wagner-Whitin, Zangwill, and Silver Meal), Stochastic Models, Multi-item joint replenishment problem, Multi-item Inventory Models with constrains, Inventory Management under risk will be covered |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Basic concepts of inventory, demand variety, delivery of projects |
|
2nd Week |
Inventory costs (purchasing and shortage costs) |
|
3rd Week |
Basic Inventory Policies (Basic EOQ Model, Backloging model) |
|
4th Week |
Basic Inventory Policies (Production Model, Production model with Shortages) |
|
5th Week |
Discount Models |
|
6th Week |
Dynamic models (Wagner-Whitin) |
|
7th Week |
Dynamic models (Zangwill ve Silver Meal) |
|
8th Week |
Stochastic Models |
|
9th Week |
Midterm |
|
10th Week |
Multi-item joint replenishment problem |
|
11th Week |
Multi-item Inventory Models with constrains |
|
12th Week |
Inventory Management under risk |
|
13th Week |
Project Presentations |
|
14th Week |
Project Presentations |
|
| Recommended or Required Reading | (1) Narasimhan, S.L, McLeavey, D.W, Billington, P.J, (1995) Production Planning and Inventory Control, Prentice Hall;
(2) Johnson, L.A, Montgomery, D.C, (1974) Operations Research in Production Planning, Scheduling, and Inventory Control, John Wiley & Sons.
|
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Questions/Answers
- Practice
- Problem Solving
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
30 |
| Quiz |
1 |
20 |
| Project |
1 |
10 |
| Total(%) |
|
60 |
| Contribution of In-term Studies to Overall Grade(%) |
|
60 |
| Contribution of Final Examination to Overall Grade(%) |
|
40 |
| Total(%) |
|
100 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
