TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Doctorate Of Science
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	10
NAME OF LECTURER(S)	Professor Yusuf Tansel İç
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Define the basic principles of the inventory, inventory management and demand terms 2) Identify the inventory costs and establish the total cost functions 3) Gain an ability to modelling, analyzing and solving the inventory models regarding the basic concepts of inventory policies 4) Research the basic concepts of inventory and present qualitative or quantitative recommandations
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	The definition and structure of the inventory models. Deterministic and stochastic models. Fixed and variable re-ordering intervals. Dynamic and multi-stage models. Determining the optimal inventory policy for single and multi-product dynamic inventory models. Heuristic algorithms.
COURSE CONTENTS	WEEK TOPICS 1st Week Basic concepts of inventory 2nd Week Inventory costs (purchasing, holding and shortage costs) 3rd Week Basic Inventory Policies (Basic EOQ Model) 4th Week Basic Inventory Policies (Production Model-EPQ) 5th Week Deterministic ve stochastic models 6th Week Constant and variable reorder periods 7th Week Dynamic models (WW, Zangwill and Silver-Meal Algorithms) 8th Week Midterm Exam 9th Week Multi-stage models 10th Week Single and multi-item inventory models 11th Week Heuristic Algoritms 12th Week Research Project Presentations 13th Week Research Project Presentations 14th Week Research Project Presentations
RECOMENDED OR REQUIRED READING	1. Narasimhan, S.L, McLeavey, D.W, Billington, P.J, (1995) Production Planning and Inventory Control, Prentice Hall 2. Johnson, L.A, Montgomery, D.C, (1974) Operations Research in Production Planning, Scheduling, and Inventory Control, John Wiley & Sons.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Questions/Answers,Problem Solving,Practice,Presentation
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 25 Quiz 2 10 Project 1 15 Attendance 1 5 Presentation of Article 1 10 Total(%) 65 Contribution of In-term Studies to Overall Grade(%) 65 Contribution of Final Examination to Overall Grade(%) 35 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz 2 4 8 Individual or group work 14 13 182 Preparation for Final exam 1 20 20 Course hours 14 3 42 Preparation for Midterm exam 1 20 20 Laboratory (including preparation) Final exam 1 2 2 Homework 2 14 28 Total Workload 304 Total Workload / 30 10,13 ECTS Credits of the Course 10
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No