MATERIAL AND INVENTORY MANAGEMENT COURSE IDENTIFICATION AND APPLICATION INFORMATION
| Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
| END339 |
MATERIAL AND INVENTORY MANAGEMENT |
5 |
3 |
2 |
6 |
Objectives and Contents |
| Objectives: |
To provide the ability to develop models that minimize inventory costs, inventory
control and management systems by teaching inventory concept, fundamentals and
theory. |
| Content: |
Inventory Control With Certain Demand Inventory Types; Function Of Inventory;
Characteristics Of Inventory System; Economic Order Quantity Models; Inventory
With Finite Production Rate; Quantity Discounts; Resource-Limited Multi-Product
Systems; Inventory Models For Production Planning 2. Inventory Control With
Uncertain Demand Nature Of Randomness; Optimization Criteria; News Vendor
Problem; Lot Size And Reorder Point Systems; Service Level In (Q,R) Systems |