INVENTORY MANAGEMENT
| Title | ΔΙΑΧΕΙΡΙΣΗ ΑΠΟΘΕΜΑΤΩΝ / INVENTORY MANAGEMENT |
| Code | 10602-LSC-114 |
| Faculty | Social and Economic Sciences |
| School | Economics |
| Cycle / Level | 2nd / Postgraduate |
| Teaching Period | Spring |
| Coordinator | Christos Zikopoulos |
| Common | No |
| Status | Active |
| Course ID | 600021120 |
Programme of Study: METAPTYCΗIAKO STĪN EFODIASTIKĪ KAI DIOIKĪSĪ ALYSIDAS EFODIASMOU (2024-2025)
Registered students: 0
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| KORMOS | Compulsory Course | 2 | 1 | 5 |
Programme of Study: METAPTYCΗIAKO STĪN EFODIASTIKĪ KAI DIOIKĪSĪ ALYSIDAS EFODIASMOU (2024- SĪMERA) MF
Registered students: 0
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| KORMOS | Elective Courses | Spring | - | 5 |
Programme of Study: METAPTYCΗIAKO STĪN EFODIASTIKĪ KAI DIOIKĪSĪ ALYSIDAS EFODIASMOU (2024-sīmera)
Registered students: 16
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| KORMOS | Elective Courses | 2 | 1 | 5 |
| Academic Year | 2025 – 2026 |
| Class Period | Spring |
| Faculty Instructors |
|
| Weekly Hours | 3 |
| Total Hours | 39 |
| Class ID | 600287218
|
Course Type 2021
Specific Foundation
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/1/600287218
- eLearning (Moodle): https://elearning.auth.gr/course/view.php?id=7860
Language of Instruction
- Greek (Instruction, Examination)
Learning Outcomes
Upon completion of the course, the students will be able to apply the quantitative techniques necessary for raw materials purchasing, production planning and inventory replenishment decisions, so that a firm can provide the required service levels to its customers, taking into account at the same time the economic performance of the system and avoiding supply disruptions. In addition, they will be able to simulate inventory management systems using suitable software.
General Competences
- Apply knowledge in practice
- Make decisions
- Work autonomously
- Work in teams
Course Content (Syllabus)
The course presents the different types of inventory, the importance of optimally managing them and quantitative methods for inventory management, under deterministic or stochastic demand. In addition, simulation techniques for inventory management problems are presented. The scope of the course also includes the presentation of techniques useful for coping with large-scale problems using spreadsheets and a game on inventory management.
Keywords
warehousing, optimization, stochastic methods, simulation
Educational Material Types
- Notes
- 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 | ✓ | ✓ | ||
| Reading Assigment | 42 | ✓ | |||
| Interactive Teaching in Information Center | 6 | ✓ | |||
| Project | 30 | ✓ | |||
| Written assigments | 30 | ✓ | |||
| Exams | 3 | ||||
| Total | 150 |
Student Assessment
Description
Course’s grade (F) depends on the performance in written exams (E), on assignments grades (A) and game's grade (G), as follows:
F = 0,8 x E + 0,1 x A + 0,1 x G.
Student Assessment methods
- Written Exam with Short Answer Questions (Summative)
- Written Assignment (Formative)
- Written Exam with Problem Solving (Summative)
- game (Formative)
Bibliography
Course Bibliography (Eudoxus)
Διανέμονται σημειώσεις του διδάσκοντα.
Δεν διανέμεται βιβλίο μέσω του Εύδοξος.
Additional bibliography for study
Inventory Management
-Nahmias, S. and Olsen, T.L. Production and Operations Analysis, 7th edition, McGraw-Hill, 2015.
-Silver, E.A., Pyke, D.F. and Thomas, D.J. Inventory and Production Management in Supply Chains, 4th edition, CRC Press, 2017.
-Chopra, S. and Meindl, P., Supply Chain Management, 6th edition, Pearson Education, 2016.
-Βιδάλης, Μ., Εφοδιαστική (Logistics): Μία Ποσοτική Προσέγγιση, Εκδόσεις Κλειδάριθμος, Αθήνα, 2008.
Simulation
-Banks, J., Carson, J.S.II, Nelson B.L. and Nicol, D.M. Discrete-event systems simulation, 5th edition, Prentice Hall, 2005.
-Ragsdale, C., Spreadsheet modeling and decision analysis, 7th edition, South-Western Educational Publishing, 2014.
-Ross, S.M., Simulation, 5th Edition, Academic Press, 2012.
-Elizanrdo, D., Taha, H., Performance evaluation of industrial systems, 2nd edition, 2012.
Last Update
26-02-2025
