Inventory Control and Production Planning (MAE833)

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General

School	School of Science
Academic Unit	Department of Mathematics
Level of Studies	Undergraduate
Course Code	MAE833
Semester	8
Course Title	Inventory Control and Production Planning
Independent Teaching Activities	Lectures (Weekly Teaching Hours: 3, Credits: 6)
Course Type	Special Background
Prerequisite Courses	-
Language of Instruction and Examinations	Greek
Is the Course Offered to Erasmus Students	Yes
Course Website (URL)	See eCourse, the Learning Management System maintained by the University of Ioannina.

Learning Outcomes

Learning outcomes	Upon successful completion of the course, students will: understand the basic principles of control of production and inventory systems understand the performance measures for production and inventory systems and how these measures affect systems cost use appropriate tools to find cost-effective production and inventory policies understand how the variability affects the systems performance.
General Competences	Working independently Decision-making Adapting to new situations Production of free, creative and inductive thinking Synthesis of data and information, with the use of the necessary technology

Syllabus

Introduction. Forecasting (Classical Demand Forecasting Methods, Forecast Accuracy, Machine Learning in Demand Forecasting, Demand Modeling Techniques). Deterministic Inventory Models (Continuous Review: Economic Order Quantity (EOQ) model, EOQ Model with Discounts, EOQ Model with shortages, Economic Production Quantity (EPQ) Model, Periodic review: Wagner-Whitin Algorithm). Stochastic Inventory Models (Continuous Review: Exact (r,Q) policy with Continuous Demand Distribution, Exact (r,Q) policy with Discrete Demand Distribution. Periodic Review with Zero Fixed Costs: Base Stock Policies, Periodic Review with Nonzero Fixed Costs: (s, S) Policies, Policy Optimality). Materials requirement planning (MRP)

Teaching and Learning Methods - Evaluation

Delivery	Face-to-face
Use of Information and Communications Technology	eCourse
Teaching Methods	Activity Semester Workload Lectures 39 Independent study 78 Fieldwork (3-4 set of homework) 33 Course total 150
Student Performance Evaluation	LANGUAGE OF EVALUATION: Greek METHODS OF EVALUATION: Final exam (100%)

Attached Bibliography

See the official Eudoxus site or the local repository of Eudoxus lists per academic year, which is maintained by the Department of Mathematics. Books and other resources, not provided by Eudoxus:

1. Ιωάννου, Γ., Διοίκηση Παραγωγής και Υπηρεσιών, Εκδόσεις Α. Σταμούλης, Αθήνα-Πειραιάς, 2005.
2. Ξανθόπουλος Αλ., Κουλουριώτης Δημ., Διοίκηση παραγωγής και επιχειρησιακών λειτουργιών: σχεδιασμός, προγραμματισμός και έλεγχος σε συστήματα παραγωγής και υπηρεσιών, Εκδόσεις Τζιολα, 2019.
3. Muckstadt, J. A., A. Sapra. Principles of Inventory Management When You Are Down to Four, Order More. Springer, 2010
4. Nahmias, S., Production and Operations Analysis, McGraw-Hill: Series in Operations and Decision Sciences, 2009.
5. Shenoy D. and R. Rosas. Problems & Solutions in Inventory Management. Springer, 2018
6. Shim, J.K. and Siegel, J.G., Διοίκηση Εκμετάλλευσης (μεταφρ.), Εκδόσεις Κλειδάριθμος: Σειρά Οικονομία και Επιχείρηση, Αθήνα, 2002.
7. Silver, E. A., D. F. Pike, and R. Peterson. Inventory Management and Production Planning and Scheduling, 3rd ed. Hoboken, NJ: Wiley, 1998.
8. Snyder, L. V. and Z-J. M. Shen. Fundamentals of Supply Chain Theory, 2rd ed. John Wiley & Sons, Inc., 2019
9. Tersine R. J. Διαχείριση υλικών και συστήματα αποθεμάτων (μεταφρ.), Εκδόσεις Παπαζηση ΑΕΒΕ, 1984
10. Zipkin, P. Foundations of Inventory Management. McGraw-Hill/Irwin. 2000.
11. Tersine R. J. Διαχείριση υλικών και συστήματα αποθεμάτων (μεταφρ.), Εκδόσεις Παπαζηση ΑΕΒΕ, 1984
12. [Περιοδικό / Journal] Production and Operations Management
13. [Περιοδικό / Journal] Production Planning and Control.