POM612 - DEMAND and INVENTORY CONTROL

Course Name Code Semester Theory
(hours/week)
Application
(hours/week)
Credit ECTS
DEMAND and INVENTORY CONTROL POM612 2nd Semester 3 0 3 6
PrequisitesNone
Course languageTurkish
Course typeElective 
Mode of DeliveryFace-to-Face 
Learning and teaching strategiesLecture
 
Instructor (s)Department Members 
Course objectiveThis course aims to introduce students to inventory control problems and provide them with the skills to understand and implement the associated modelling and solution techniques. 
Learning outcomes
  1. Average student; is able to understand the importance of inventory control to business practices.
  2. is able to identify the most suitable modeling and solution techniques for a given inventory system.
  3. is able to formulate mathematical models of inventory systems.
  4. is able use basic techniques used to solve inventory control problems.
  5. is able to analyze and interpret obtained solutions.
Course ContentInventory Control Subject to Known Demand, Inventory Control Subject to Uncertain Demand, Push and Pull Production Control Systems 
References- Nahmias, S., & Olsen, T. L. (2015). Production and operations analysis. Waveland Press.
- Silver, E. A., Pyke, D. F., & Peterson, R. (1998). Inventory management and production planning and scheduling. New York: Wiley. 

Course outline weekly

WeeksTopics
Week 1Introduction
Week 2Inventory Control Subject to Known Demand
Week 3Inventory Control Subject to Uncertain Demand - I
Week 4Article discussion
Week 5Inventory Control Subject to Uncertain Demand - II
Week 6Article discussion
Week 7Inventory Control Subject to Uncertain Demand - III
Week 8Midterm Exam
Week 9Push and Pull Production Control Systems - I
Week 10Push and Pull Production Control Systems - II
Week 11Push and Pull Production Control Systems - III
Week 12Article discussion
Week 13Linking theory with practice - I
Week 14Linking theory with practice - II
Week 15Review
Week 16Final Exam

Assesment methods

Course activitiesNumberPercentage
Attendance
Laboratory
Application
Field activities
Specific practical training
Assignments
Presentation
Project
Seminar
Midterms
Final exam
Total
Percentage of semester activities contributing grade succes
Percentage of final exam contributing grade succes
Total

WORKLOAD AND ECTS CALCULATION

Activities Number Duration (hour) Total Work Load
Course Duration (x14) 0
Laboratory 0
Application0
Specific practical training0
Field activities0
Study Hours Out of Class (Preliminary work, reinforcement, ect)0
Presentation / Seminar Preparation0
Project0
Homework assignment0
Midterms (Study duration)0
Final Exam (Study duration) 0
Total Workload000

Matrix Of The Course Learning Outcomes Versus Program Outcomes

D.9. Key Learning OutcomesContrubition level*
12345
1. Conducts novel and ethical research on business, reports outcomes in a critical manner.   X 
2. Solves problems via appropriate softwares, adapts to new methods and software.   X 
3. Has managerial and leadership skills to identify problems, objectives and strategic plans for organizational progress with a critical point of view.    X
4. Plays an active role in projects, analyses relationship between stakeholders accurately, motivates and manages all stakeholders through effective language skills.    X
5. Has necessary communication skills to manage verbal and written communication.   X 
6. Analyses and uses contemporary and advanced knowledge in relation with information from different areas.    X
7. Progresses continuously and transfers the experience in both written and verbal ways.   X 
8. Through anticipation and strategic thinking, plays an active role in organizational decision making process.   X 
9. Uses knowledge in consistency with the ethical, social and international values in an unbiased manner.   X 
10. Has expertise on the multi-disciplinary nature of management and related fields.   X 
11. Approaches problems with a wide strategic perspective, self-develops continuously.   X 
12. Shares novel studies, is up to date both in knowledge and personal network.   X 

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest