■ Course
description
Inventory control is concerned with minimizing the total cost of
inventory. The three main factors in inventory control decision
making process are: the cost of holding the stock, the cost of
placing an order or the set-up cost of production, and the cost
of shortage. The current course deals with Independent,
deterministic/probabilistic, continuous/discrete demand
inventory systems. It includes:
·
Economic Order Quantity Model (EOQ),
·
Economic Production Quantity Model (EPQ),
·
EOQ with shortage Model,
·
EPQ with shortage Model,
·
Quantity Discounts Models,
·
Shortages and Service Levels,
·
Single Period (Newsvendor) Model
·
Deterministic, discrete demand inventory models
■ Instructor
Assistant. Prof. Mostafa Setak
http://wp.kntu.ac.ir/setak
Email: setak[at]kntu.ac.ir
■ Assistant
PhD candidate: Saeed Alaei
Email: salaei[at]mail.kntu.ac.ir
■ Grading
Exercises: %10
Quizzes: %20
Midterm Exam: %30
Final Exam: %40
■
Exercise
Exercise01
Exercise02
Exercise03
Exercise04
Exercise05
Exercise06
