Inventory Control and Production Planning (MAE833)

General

School	School of Science
Academic Unit	Department of Mathematics
Level of Studies	Undergraduate
Course Code	MAE734
Semester	7
Course Title	Production Planning and Inventory Control
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)	-

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 (Introduction. Methods. Errors. Causal methods. Qualitative methods). Aggregate planning (Basic models and solution methodologies). Inventory Control (Deterministic Models: Economic Order Quantity (EOQ) model, EOQ Model with Discounts, EOQ Model with shortages, Economic Production Quantity (EPQ) Model). Finite Horizon Models - Wagner-Whitin Algorithm. Stochastic models: Newsboy model. (r, Q) and (s, S) Policies) Material Requirements Planning (MRP)). Production Scheduling.

Teaching and Learning Methods - Evaluation

Delivery	Face-to-face
Use of Information and Communications Technology	Email, class web
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

• Ιωάννου, Γ., Διοίκηση Παραγωγής και Υπηρεσιών, Εκδόσεις Α. Σταμούλης, Αθήνα-Πειραιάς, 2005.
• Παππής, Κ., Προγραμματισμός Παραγωγής, Εκδόσεις Α. Σταμούλης, Αθήνα-Πειραιάς, 1995.
• Ψωϊνός, Δ.Π., Οργάνωση και Διοίκηση Εργοστασίων, Τόμος 2: Προγραμματισμός και Έλεγχος Παραγωγής, Εκδόσεις Ζήτη, Θεσσαλονίκη, 1994.
• Nahmias, S., Production and Operations Analysis, McGraw-Hill: Series in Operations and Decision Sciences, 2009.
• Shim, J.K. and Siegel, J.G., Διοίκηση Εκμετάλλευσης (μεταφρ.), Εκδόσεις Κλειδάριθμος: Σειρά Οικονομία και Επιχείρηση, Αθήνα, 2002.
• Silver, E. A., D. F. Pike, and R. Peterson. Inventory Management and Production Planning and Scheduling, 3 ed. Hoboken, NJ: Wiley, 1998.
• Tersine R. J. Διαχείριση υλικών και συστήματα αποθεμάτων (μεταφρ.), Εκδόσεις Παπαζηση ΑΕΒΕ, 1984

- Related academic journals:

• Production and Operations Management
• Production Planning and Control.