■ 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
■ Grading
Exercises:
%10
Quizzes: %20
Midterm Exam: %30
Final Exam:
%40
■
Exercise
Exercise01
Exercise02
Exercise03
Exercise04
Exercise05
