040668 VK KFK PM/SCM/TL: Inventory Management (2011W)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Registration is open from Mo 05.09.2011 09:00 to We 21.09.2011 17:00
Registration is open from Tu 27.09.2011 09:00 to We 28.09.2011 17:00
Deregistration possible until Fr 14.10.2011 23:59

Details

max. 50 participants

Language: English

Lecturers

Classes (iCal) - next class is marked with N

Wednesday 05.10. 08:30 - 10:00 Hörsaal 3
Thursday 06.10. 08:30 - 10:00 Hörsaal 11
Wednesday 12.10. 08:30 - 10:00 Hörsaal 3
Thursday 13.10. 08:30 - 10:00 Hörsaal 11
Wednesday 19.10. 08:30 - 10:00 Hörsaal 3
Thursday 20.10. 08:30 - 10:00 Hörsaal 11
Thursday 27.10. 08:30 - 10:00 Hörsaal 11
Thursday 03.11. 08:30 - 10:00 Hörsaal 11
Wednesday 09.11. 08:30 - 10:00 Hörsaal 3
Thursday 10.11. 08:30 - 10:00 Hörsaal 11
Wednesday 16.11. 08:30 - 10:00 Hörsaal 3
Thursday 17.11. 08:30 - 10:00 Hörsaal 11
Wednesday 23.11. 08:30 - 10:00 Hörsaal 3
Thursday 24.11. 08:30 - 10:00 Hörsaal 11
Wednesday 30.11. 08:30 - 10:00 Hörsaal 3
Thursday 01.12. 08:30 - 10:00 Hörsaal 11
Wednesday 07.12. 08:30 - 10:00 Hörsaal 3
Wednesday 14.12. 08:30 - 10:00 Hörsaal 3
Thursday 15.12. 08:30 - 10:00 Hörsaal 11
Wednesday 11.01. 08:30 - 10:00 Hörsaal 3
Thursday 12.01. 08:30 - 10:00 Hörsaal 11
Wednesday 18.01. 08:30 - 10:00 Hörsaal 3
Thursday 19.01. 08:30 - 10:00 Hörsaal 11
Wednesday 25.01. 08:30 - 10:00 Hörsaal 3
Thursday 26.01. 08:30 - 10:00 Hörsaal 11

Information

Aims, contents and method of the course

This course focuses on inventory management under uncertainty. Standard inventory control models and approaches are presented for multi-period dynamic inventory models, multi-echelon models, and multi-product coordinated replenishment problems. Further, different approaches to data driven inventory policies are presented that address the availability of data and the estimation of model parameters. Several case studies are used to apply these concepts.

Assessment and permitted materials

Weekly home assignments (20%), term project (20%), midterm exam (30%), final exam (30%)
First session: October 7, 2009.
Final Exam: January 28, 2010

Minimum requirements and assessment criteria

The module enables the student to understand the major trade-offs of inventory decisions and to use data driven methods to recommend and implement modern inventory management concepts to practical problems.

Examination topics

The course consists of lectures that introduce inventory modeling techniques and challenging problems and exercises where computer programs are used to determine inventory control parameters. The course requires basis knowledge in statistics (discrete and continuous probability distributions) and Excel.

Reading list

Silver, E.A., Pyke, D.F., Peterson, R. (1998), Inventory Management and Production Planning and Scheduling, 3rd edition, Wiley.

Association in the course directory

Last modified: Mo 07.09.2020 15:29