Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
0EDSS411Inventory Management3+0+035

 
Course Details
Language of Instruction Turkish
Level of Course Unit Bachelor's Degree
Department / Program Industrial Engineering
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course To provide students with the theoretical and practical knowledge necessary for the effective management of inventory in production and service systems, to gain competence in subjects such as stock control, demand forecasting, order management, and stock levels in line with the goals of minimizing the costs of enterprises, meeting customer demands and increasing productivity. In other words, it aims to provide students with the skills needed to manage inventory efficiently.
Course Content Basic Definitions and Concepts, Stock Control Systems, Just-In-Time Production System, Material Requirements Planning, Analytical Methods in Inventory Management, Dynamic Models, Stochastic Models.
Course Methods and Techniques
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof. Özer Öztürk
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources (1) W. George PLOSSL, Productıon and Inventory Control: Prıncıples And Technıques Prentice-Hall, Inc., Englewood Cliffs, nj 07632. Isbn 0-13-725144-0.
(2) Güney DEVREZ, İşletmelerde Stok Kontrolü, A:Ü:Siyasal Bilgiler Fak.Yay.,1998.
(3) Buffa And Mıller, Production And Inventory Systems: Planning And Control Homewood, Illionis 60430, Isbn 0-256-02041-8.
(4) A. Hamdy TAHA, Operatıons Research, Prentice Hall, Isbn 0-13-272915-6.
(5) A. Edward SILVER, Decısıon Systems For Inventory Management and Productıon Plannıng, Isbn 0-471-86782-9.
(6) Alpaslan PEKER, Enflasyon Ortamında Stok Değerleme Yöntemleri ve LİFO, İ.Ü. İşletme Fakültesi, 1975.
(10) Johnson, L.A, Operation Research in Production Planning, Scheduling and Inventory Control, John Wiley&Sons Inc, New York, 1974
(7) Silver, A.S., Pyke, D.F. and Peterson, R., Inventory Management and Production Planning and Scheduling, John Wiley&Sons Inc, New York, 1998
(8) Axsater, S. Inventory Control, Second Edition, Springer, 2006.
(9) Hillier F.S. and Lieberman G.J., “Introduction to Operations Research”, Seventh edition, 2001, Mc-Graw Hill.,
(1) Özer ÖZTÜRK, Orhan GERDAN, Stok Planlama, KHO Basımevi, Ankara, 2005.
(2) Yavuz GAZİBEY, Özer ÖZTÜRK, Orhan GERDAN ve diğerleri, Stok Yönetimi, KHO Basımevi, Ankara, 2009.
(3) Gönül YENERSOY, Malzeme Yönetimi Sistemleri, Lebib Yalkın Yayınları,1990.
(4) Dr.Nurullah KAYA, Stok Yönetimi, ISBN: 978-625-7914-88-8, İksad Yayın Evi Yayınları, 2020.

Course Category
Mathematics and Basic Sciences %30
Engineering %30
Engineering Design %10
Social Sciences %10
Science %20

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 5 70
Mid-terms 1 10 10
Final examination 1 10 10
Total Work Load   Number of ECTS Credits 5 132

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Students can analyze the problem using basic knowledge of mathematics and engineering, find the economic order quantity according to Continuous or Periodic Stock Control Systems.
2 Students can analyze the problem using basic mathematics and engineering knowledge, and create a requirements plan according to Material Requirements Planning.
3 Students can analyze the problem using basic knowledge of mathematics and engineering, find economic order quantities in Deterministic Inventory Models, and calculate total costs.
4 Students can analyze the problem using their basic knowledge of mathematics and engineering, find economic order quantities in Dynamic and Stochastic Inventory Models, and calculate total costs.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 UNIT-1: BASIC DEFINITIONS AND CONCEPTS 1.1 Stock Management 1.2 Stock Types 1.3 Why Is Stock Kept? 1.4 Inventory Costs
2 ÜNİTE-2: STOK KONTROL SİSTEMLERİ 2.1 Continuous Control Systems
3 ÜNİTE-2: STOK KONTROL SİSTEMLERİ 2.2 Periodic Control Systems
4 UNIT-3: JUST-IN-TIME PRODUCTION PHILOSOPHY 3.1 Introduction 3.2 Elements of the JIT System
5 UNIT-4: MATERIAL REQUIREMENTS AND PRODUCTION RESOURCE PLANNING 4.1 Introduction 4.2 Material Requirements Planning (MRP) 4.3 Production Resource Planning (PRP)
6 UNIT-5: ANALYTICAL METHODS IN INVENTORY MANAGEMENT 5.1 Basic Economic Order Quantity Model 5.2 Model in which orders are fulfilled with a delay
7 UNIT-5: ANALYTICAL METHODS IN INVENTORY MANAGEMENT 5.3 Production Model 5.4 Sell-Out Production Model
8 UNIT-5: ANALYTICAL METHODS IN INVENTORY MANAGEMENT 5.5 Model of ordering a large number of stock elements at the same time 5.6 Constraints in Order Planning for a Large Number of Stock Elements
9 UNIT-5: ANALYTICAL METHODS IN INVENTORY MANAGEMENT 5.7 Model of the Effect of Price Reductions on Economic Order Quantity
10 UNIT-5: ANALYTICAL METHODS IN INVENTORY MANAGEMENT 5.8 The Effect of Inflation on Economic Order Quantity
11 UNIT-6: DYNAMIC INVENTORY MODELS 6.1 Wagner Whitin Algorithm 6.2 Zangwill Algorithm
12 UNIT-6: DYNAMIC INVENTORY MODELS 6.3 Silver-Meal Algorithm
13 UNIT-6: DYNAMIC INVENTORY MODELS 6.4. Intuitive Ordering Techniques
14 UNIT-7: STOCHASTIC INVENTORY MODELS 7.1. Single-Period Stochastic Inventory Models 7.2. Stochastic Inventory Models with Multi-Period Periodic Review

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11
C1 5 5
C2 5 5
C3 5 5
C4 5 5

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