INVENTORY MANAGEMENT
| Title | ΔΙΑΧΕΙΡΙΣΗ ΑΠΟΘΕΜΑΤΩΝ / INVENTORY MANAGEMENT |
| Code | 10602-LSC-101 |
| Faculty | Social and Economic Sciences |
| School | Economics |
| Cycle / Level | 2nd / Postgraduate |
| Teaching Period | Winter |
| Coordinator | Christos Zikopoulos |
| Common | No |
| Status | Inactive |
| Course ID | 600001059 |
Programme of Study: Logistics & Supply Chain Management
Registered students: 0
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| KORMOS | Compulsory Course | 1 | 1 | 6 |
| Academic Year | 2017 – 2018 |
| Class Period | Winter |
| Faculty Instructors |
|
| Weekly Hours | 3 |
| Class ID | 600111137
|
Course Type 2016-2020
- Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
- Face to face
Digital Course Content
- e-Study Guide https://qa.auth.gr/en/class/1/600111137
Learning Outcomes
Aim of the course is to provide knowledge and quantitative techniques necessary during decision making considering raw materials purchasing, production planning and inventory replenishment, so that a firm can avoid supply disruptions and provide suitable service levels to its customers, taking into account at the same time the economic performance of the system.
General Competences
- Apply knowledge in practice
- Make decisions
- Work autonomously
- Work in teams
Course Content (Syllabus)
The course presents the different types of inventory and the motivation for holding them, the importance of optimally managing them and proposes ways for grading the performance of existing solutions. In addition, forecasting techniques are presented and discussed, as well as the most prevailing quantitative methods for inventory management, under deterministic or stochastic demand. All topics’ presentation is supported by applications taken from real-life examples. The scope of the course also includes coping with large-scale problems using spreadsheets.
Keywords
warehousing, optimization, stochastic methods
Educational Material Types
- Slide presentations
- Book
Use of Information and Communication Technologies
Use of ICT
- Use of ICT in Course Teaching
- Use of ICT in Laboratory Teaching
- Use of ICT in Communication with Students
Course Organization
| Activities | Workload | ECTS | Individual | Teamwork | Erasmus |
|---|---|---|---|---|---|
| Lectures | 39 | 1.3 | ✓ | ||
| Reading Assigment | 48 | 1.6 | ✓ | ||
| Written assigments | 90 | 3 | ✓ | ||
| Exams | 3 | 0.1 | |||
| Total | 180 | 6 |
Student Assessment
Description
Course’s grade (F) depends on the performance in written exams (E), on assignments grades (A) and mid-term examination grade (M), as follows:
F = 0,6 x E + 0,2 x A + 0,2 x M.
Student Assessment methods
- Written Exam with Short Answer Questions (Summative)
- Written Assignment (Summative)
- Written Exam with Problem Solving (Summative)
Bibliography
Additional bibliography for study
Silver, E., Pyke, D., Peterson, R., Inventory Management and Production Planning and Scheduling, 3rd edition, Wiley, 1998.
Nahmias, S., Production and Operations Analysis, 7th edition, McGraw-Hill, 2015.
Last Update
03-12-2018
