Inventory theory (ΣΕΕ18)

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General

School	School of Science
Academic Unit	Department of Mathematics
Level of Studies	Graduate
Course Code	ΣΣΕ18
Semester	2
Course Title	Inventory theory
Independent Teaching Activities	Lectures (Weekly Teaching Hours: 3, Credits: 7.5)
Course Type	Specialized general knowledge
Prerequisite Courses	-
Language of Instruction and Examinations	Greek
Is the Course Offered to Erasmus Students	Yes (in English)
Course Website (URL)	See eCourse, the Learning Management System maintained by the University of Ioannina.

Learning Outcomes

Learning outcomes	Upon completion of this course, a student will: understand the classical inventory models (like EOQ, base-stock models, periodic models) acquire the quantitative tools for analysing the costs and optimal solutions for such policies understand of the relationship among the classical models learn approaches to multi-echelon inventory systems that have been proposed in the literature
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 Working in an interdisciplinary environment

Syllabus

Inventory Systems and models, One item with constant demand rate, Several products and locations, Stochastic demand, Stochastic leadtimes, Time varying stochastic demand, Empirical Bayesian inventory models. Research frontiers.

Teaching and Learning Methods - Evaluation

Delivery	Face-to-face
Use of Information and Communications Technology	Mathematica / Matlab Use of ICT in communication with students
Teaching Methods	Activity Semester Workload Lectures 39 Independent study 70 Study and analysis of bibliography, Fieldwork 78.5 Course total 187.5
Student Performance Evaluation	LANGUAGE OF EVALUATION: Greek METHODS OF EVALUATION: written work (20%), Final exam (80%)

Attached Bibliography

• Axsater, S. Inventory Control. Norwell, MA: Kluwer, 2000.
• Hadley G. and T.M. Whitin. Analysis of inventory systems. Englewood Cliffs, N.J., Prentice-Hall, 1963.
• Porteus, E. L. Foundations of Stochastic Inventory Theory. Stanford, CA: Stanford University Press, 2002.
• Silver, E. A., D. F. Pike, and R. Peterson. Inventory Management and Production Planning and Scheduling, 3rd ed. Hoboken, NJ: Wiley, 1998.
• Zipkin P. Foundations of Inventory Management. Boston: McGraw-Hill, 2000.
• [Περιοδικό / Journal] International Journal of Production Economics
• [Περιοδικό / Journal] European Journal of Operational Research
• [Περιοδικό / Journal] Manufacturing and Service Operations Management
• [Περιοδικό / Journal] Management Science
• [Περιοδικό / Journal] Omega
• [Περιοδικό / Journal] Operations Research
• [Περιοδικό / Journal] Production and Operations Management
• [Περιοδικό / Journal] Production Planning and Control.