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040668 VK KFK PM/SCM/TL: Inventory Management (2015W)
Continuous assessment of course work
Labels
The first session is on Friday the 9th of October 2015.The course language is English.Only students who signed up for the class in univis/u:space are allowed to take the class (that means, that you have to at least be on the waiting list if you want to take this class). No exceptions possible.
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 14.09.2015 09:00 to Th 24.09.2015 14:00
- Deregistration possible until We 14.10.2015 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
The first session is on Friday the 9th of October 2015.
Attendance in the first session is mandatory. All students who are not present during the first session will be dropped from class if they did not excuse in advance via e-Mail. All students who confirmed their participation during the first session will be graded.The midterm exam will presumably take place from 09:45 to 11:15 on Friday, November 20, 2015 in Hörsaal 7.The final exam will presumably take place from 09:45 to 11:15 on Friday, January 29, 2016 in Hörsaal 7.
- Friday 09.10. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 16.10. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 23.10. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 30.10. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 06.11. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 13.11. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 20.11. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 27.11. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 04.12. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 11.12. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 18.12. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 08.01. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 15.01. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 22.01. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
- Monday 25.01. 16:45 - 20:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 29.01. 09:45 - 13:00 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
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
A total of 100% can be obtained by:
- homework assignments (20%; students MUST be present in class and prepared to present the exercises in class upon request)
- a written midterm exam (35%; no course material allowed)
- a written final exam (45%; no course material allowed)At least 50% have to be obtained for a positive grade. The other grades are distributed as follows:
4: 50% to <63%
3: 63% to <75%
2: 75% to <88%
1: 88% to 100%Cheating during an examination will be sanctioned according to the university's constitution in its current form (i.e., the entire course will not be graded but marked as cheated and counted as one attempt). Signing for another student will be counted as cheating as well (also during homework sessions).Students who want to take part in an exam are required to bring their student ID. Otherwise, they will be asked to go to the secretary's office to make a copy of the alternative ID (driver's licence, passport, etc.). Non-official IDs (bank cards, Vorteilscards, etc.) will NOT be accepted without any exceptions. This procedure will not extend the duration of the examination.The students' IDs will be checked only after handing out the examination sheets. Students who are not on the list or don't have a valid identification card will not be allowed to participate in the examination even if they were already handed an examination sheet.
- homework assignments (20%; students MUST be present in class and prepared to present the exercises in class upon request)
- a written midterm exam (35%; no course material allowed)
- a written final exam (45%; no course material allowed)At least 50% have to be obtained for a positive grade. The other grades are distributed as follows:
4: 50% to <63%
3: 63% to <75%
2: 75% to <88%
1: 88% to 100%Cheating during an examination will be sanctioned according to the university's constitution in its current form (i.e., the entire course will not be graded but marked as cheated and counted as one attempt). Signing for another student will be counted as cheating as well (also during homework sessions).Students who want to take part in an exam are required to bring their student ID. Otherwise, they will be asked to go to the secretary's office to make a copy of the alternative ID (driver's licence, passport, etc.). Non-official IDs (bank cards, Vorteilscards, etc.) will NOT be accepted without any exceptions. This procedure will not extend the duration of the examination.The students' IDs will be checked only after handing out the examination sheets. Students who are not on the list or don't have a valid identification card will not be allowed to participate in the examination even if they were already handed an examination sheet.
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 modelling 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
- Cachon, G., Terwiesch, C. (2009), Matching Supply with Demand, 3rd edition, McGraw-Hill
- Tempelmeier (2008), Material Logistik, 7. Auflage, Springer
- Nahmias (2009), Production and Operations Analysis, 6th ed., Mc. Graw Hill
- Silver, E.A., Pyke, D.F., Peterson, R. (1998), Inventory Management and Production Planning and Scheduling, 3rd edition, Wiley.
- Tempelmeier (2008), Material Logistik, 7. Auflage, Springer
- Nahmias (2009), Production and Operations Analysis, 6th ed., Mc. Graw Hill
- 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