Undergraduate course: Inventory Control I

■  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

 

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