Production and Inventory Design

At the end of this course, the students should be able to: 1. recognise the strategic role of the supply chain and the key parameters of performance by identifying Facilities, Inventory, Transportation, Sourcing, Information and Pricing; 2. identify analytical decision support tools (both models and applications) as well as the organizational models that successfully allow companies to develop; 3. analyse and develop simple inventory management policies under deterministic environments; 4. develop aggregate production plans and detailed schedules through simple policies; and 5. recognise the dynamic interactions among different elements of a supply chain system.

Simple Inventory control Methods with deterministic and stochastic demand. The EOQ Model. lot sizing. supply chain management. Scheduling. Materials Requirement Planning (MRP). Just- in-Time models. Pull Control Systems and Aggregate Planning.