| Course Type | Elective Course |
|---|
| Course Level | Doctorate Of Science |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 10 |
|---|
| 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 establish the total cost functions
- Gain an ability to modelling, analyzing and solving the inventory models regarding the basic concepts of inventory policies
- Research the basic concepts of inventory and present qualitative or quantitative recommandations
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | The definition and structure of the inventory models. Deterministic and stochastic models. Fixed and variable re-ordering intervals. Dynamic and multi-stage models. Determining the optimal inventory policy for single and multi-product dynamic inventory models. Heuristic algorithms. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Basic concepts of inventory |
|
2nd Week |
Inventory costs (purchasing, holding and shortage costs) |
|
3rd Week |
Basic Inventory Policies (Basic EOQ Model) |
|
4th Week |
Basic Inventory Policies (Production Model-EPQ) |
|
5th Week |
Deterministic ve stochastic models |
|
6th Week |
Constant and variable reorder periods |
|
7th Week |
Dynamic models (WW, Zangwill and Silver-Meal Algorithms) |
|
8th Week |
Midterm Exam |
|
9th Week |
Multi-stage models |
|
10th Week |
Single and multi-item inventory models |
|
11th Week |
Heuristic Algoritms |
|
12th Week |
Research Project Presentations |
|
13th Week |
Research Project Presentations |
|
14th Week |
Research 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
- Problem Solving
- Practice
- Presentation
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
25 |
| Quiz |
2 |
10 |
| Project |
1 |
15 |
| Attendance |
1 |
5 |
| Presentation of Article |
1 |
10 |
| Total(%) |
|
65 |
| Contribution of In-term Studies to Overall Grade(%) |
|
65 |
| Contribution of Final Examination to Overall Grade(%) |
|
35 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
2 |
4 |
8 |
| Individual or group work |
14 |
13 |
182 |
| Preparation for Final exam |
1 |
20 |
20 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
2 |
2 |
| Homework |
2 |
14 |
28 |
| Total Work Load | 304 |
| Total Work Load / 30 (h) | 10.13 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
