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LOG722 Inventory Management

LOG722 Inventory Management

Course code: 
LOG722
Course name: 
Inventory Management
Program of study: 
Master of Science in Logistics
Course name in Norwegian Bokmål: 
Inventory Management
Course name in Norwegian Nynorsk: 
Inventory Management
Campus: 
Molde
Credits: 
7.5
Level of study: 
2. syklus (master)
Teaching semester: 
2016 Høst
Assessment semester: 
2016 Høst
Language of instruction: 
Engelsk
Language of examination: 
Engelsk
Language of litterature: 
Engelsk
Recommended previous knowledge

The same as for the MSc program in logistics

Course content

Different inventory management principles and models for deterministic and stochastic demands including the Newsboy problem will be discussed. Emphasis will be placed on the differentiation of products in connection with inventory management and its consequences, more specifically different approaches for treating slow-moving articles.

Learning outcome

There will be emphasis placed on problems in management of inventory. Extensive quantitative models will be presented and used specifically in the formulation and solution of logistical problems. The successful student is expected to be able to identify, analyse and solve problems within the mentioned -field and also be able to evaluate the solutions to such problems.

Working and learning activities

3 hours of lectures per week.

Curriculum

Required reading list is given in fronter at the semester start

Relevant literature:
Edward A. Silver, David F. Pyke and Rein Peterson: Inventory Management and Production Planning and Scheduling. John Wiley and Sons 1998.
Handouts

Obligatorisk arbeidskravAntall arbeidskravPåkrevde arbeidskravFremmøteKommentar
Oppgave(r) 22Not required
Obligatoriske arbeidskrav:
Mandatory coursework:Oppgave(r)
Courseworks given: 2
Courseworks required:2
Presence:Not required
Comment:
VurderingsformGrupperingVarighetVarighetstypeKarakterskalaAndelKommentarHjelpemidlerHjelpemidler
SkoleeksamenIndividuell5timerBokstavkarakter (A - F)80 Kalkulator som kan inneholde data + generell ordbok morsmål/norsk/engelsk i papirformat
HjemmeeksamenGruppe -Bokstavkarakter (A - F)10 Alle trykte og skrevne hjelpemidler + kalkulator som kan inneholde data
HjemmeeksamenGruppe -Bokstavkarakter (A - F)10 Alle trykte og skrevne hjelpemidler + kalkulator som kan inneholde data
Vurderinger:
Form of assessment:Skoleeksamen
Grouping:Individuell
Duration:5
Type of duration:timer
Grading scale:Bokstavkarakter (A - F)
Proportion:80
Comment:
Supported material:
Support material:Kalkulator som kan inneholde data + generell ordbok morsmål/norsk/engelsk i papirformat
Form of assessment:Hjemmeeksamen
Grouping:Gruppe
Duration:
Type of duration:-
Grading scale:Bokstavkarakter (A - F)
Proportion:10
Comment:
Supported material:
Support material:Alle trykte og skrevne hjelpemidler + kalkulator som kan inneholde data
Form of assessment:Hjemmeeksamen
Grouping:Gruppe
Duration:
Type of duration:-
Grading scale:Bokstavkarakter (A - F)
Proportion:10
Comment:
Supported material:
Support material:Alle trykte og skrevne hjelpemidler + kalkulator som kan inneholde data