Course Name | Inventory Planning |
Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
---|---|---|---|---|---|
IE 326 | Fall/Spring | 3 | 0 | 3 | 6 |
Prerequisites |
| ||||||||
Course Language | English | ||||||||
Course Type | Elective | ||||||||
Course Level | First Cycle | ||||||||
Mode of Delivery | - | ||||||||
Teaching Methods and Techniques of the Course | Problem SolvingCase StudyQ&A | ||||||||
Course Coordinator | |||||||||
Course Lecturer(s) | |||||||||
Assistant(s) | - |
Course Objectives | The aim of this course is to introduce the basic inventory planning problems and solution methods to the students. |
Learning Outcomes | The students who succeeded in this course;
|
Course Description | Topics of this course include the importance of inventory planning, inventory planning of individual and multiple items and invemtory planning of special calsses of items. |
Related Sustainable Development Goals |
| Core Courses | |
Major Area Courses | X | |
Supportive Courses | ||
Media and Managment Skills Courses | ||
Transferable Skill Courses |
Week | Subjects | Required Materials |
1 | The context and importance of inventory management | Inventory Management and Production Planning and Scheduling, Chapters 1 and 3 |
2 | Order quantities for level-demand items. Economic Order Quantity. Quantity discounts. | Inventory Management and Production Planning and Scheduling, Chapter 5 |
3 | Inflation. Limits on order sizes | Inventory Management and Production Planning and Scheduling, Chapter 5 |
4 | Individual items with time variant demand | Inventory Management and Production Planning and Scheduling, Chapter 6 |
5 | Individual items with probabilistic demand | Inventory Management and Production Planning and Scheduling, Chapter 7 |
6 | Individual items with probabilistic demand | Inventory Management and Production Planning and Scheduling, Chapter 7 |
7 | Individual items with probabilistic demand: (s,Q) and (R,S) systems | Inventory Management and Production Planning and Scheduling, Chapter 7 |
8 | MIDTERM | |
9 | Inventory planning of A and C class items | Inventory Management and Production Planning and Scheduling, Chapters 8 and 9 |
10 | Style goods and perishable items | Inventory Management and Production Planning and Scheduling, Chapter 10 |
11 | Coordinated replenishment at a single stocking point | Inventory Management and Production Planning and Scheduling, Chapter 11 |
12 | Supply chain management. Multiechelon inventories: Deterministic demand | Inventory Management and Production Planning and Scheduling, Chapter 12 |
13 | Multiechelon inventories: Probabilistic demand | Inventory Management and Production Planning and Scheduling, Chapter 12 |
14 | In-class exercise | |
15 | General Course Review | |
16 | Final Exam |
Course Notes/Textbooks | |
Suggested Readings/Materials | Edward A. Silver, David F. Pyke, Rein Peterson, Inventory Management and Production Planning and Scheduling, Wiley.
Donald Waters, Inventory Control and Management, Wiley.
Instructor notes and lecture slides. |
Semester Activities | Number | Weighting |
Participation | ||
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | 4 | 30 |
Portfolio | ||
Homework / Assignments | 1 | 20 |
Presentation / Jury | ||
Project | ||
Seminar / Workshop | ||
Oral Exam | ||
Midterm | 1 | 20 |
Final Exam | 1 | 30 |
Total |
Weighting of Semester Activities on the Final Grade | 6 | 70 |
Weighting of End-of-Semester Activities on the Final Grade | 1 | 30 |
Total |
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
Course Hours (Including exam week: 16 x total hours) | 16 | 3 | 48 |
Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | ||
Study Hours Out of Class | 14 | 2 | 28 |
Field Work | |||
Quizzes / Studio Critiques | 4 | 8 | |
Portfolio | |||
Homework / Assignments | 2 | 11 | |
Presentation / Jury | |||
Project | |||
Seminar / Workshop | |||
Oral Exam | |||
Midterms | 1 | 20 | |
Final Exams | 1 | 30 | |
Total | 180 |
# | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
1 | To have adequate knowledge in Mathematics, Science and Industrial Engineering; to be able to use theoretical and applied information in these areas to model and solve Industrial Engineering problems. | X | ||||
2 | To be able to identify, formulate and solve complex Industrial Engineering problems by using state-of-the-art methods, techniques and equipment; to be able to select and apply proper analysis and modeling methods for this purpose. | X | ||||
3 | To be able to analyze a complex system, process, device or product, and to design with realistic limitations to meet the requirements using modern design techniques. | X | ||||
4 | To be able to choose and use the required modern techniques and tools for Industrial Engineering applications; to be able to use information technologies efficiently. | X | ||||
5 | To be able to design and do simulation and/or experiment, collect and analyze data and interpret the results for investigating Industrial Engineering problems and Industrial Engineering related research areas. | |||||
6 | To be able to work efficiently in Industrial Engineering disciplinary and multidisciplinary teams; to be able to work individually. | |||||
7 | To be able to communicate effectively in Turkish, both orally and in writing; to be able to author and comprehend written reports, to be able to prepare design and implementation reports, to present effectively; to be able to give and receive clear and comprehensible instructions | |||||
8 | To have knowledge about contemporary issues and the global and societal effects of Industrial Engineering practices on health, environment, and safety; to be aware of the legal consequences of Industrial Engineering solutions. | |||||
9 | To be aware of professional and ethical responsibility; to have knowledge of the standards used in Industrial Engineering practice. | |||||
10 | To have knowledge about business life practices such as project management, risk management, and change management; to be aware of entrepreneurship and innovation; to have knowledge about sustainable development. | |||||
11 | To be able to collect data in the area of Industrial Engineering; to be able to communicate with colleagues in a foreign language. | |||||
12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
13 | To recognize the need for lifelong learning; to be able to access information, to be able to stay current with developments in science and technology; to be able to relate the knowledge accumulated throughout the human history to Industrial Engineering. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest