GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
INVENTORY THEORY/5201307
Course Title: INVENTORY THEORY
Credits 3 ECTS 7.5
Course Semester 1 Type of The Course Elective
COURSE INFORMATION
 -- (CATALOG CONTENT)
 -- (TEXTBOOK)
 -- (SUPPLEMENTARY TEXTBOOK)
 -- (PREREQUISITES AND CO-REQUISITES)
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- COURSE OBJECTIVES
 -- COURSE LEARNING OUTCOMES
Student who passed the course satisfactorily can: 1- Determine the types and characteristics of inventory systems.
2- Use economic order quantity model, production rate model, all unit discount model, incremental discount model in inventory systems.
3- Determine multi-item joint replenishment models.
4- Use inventory management methods under risk.
5- Distinguish and use inventory management methods with learning effect, time value of money and maintenance planning.
 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face.
 --WEEKLY SCHEDULE
1. Week  BASIC INVENTORY SYSTEMS Definitions, Functions of inventory systems, Generalized inventory model, Types of inventory policies
2. Week  BASIC INVENTORY SYSTEMS: Deterministic Single-Item Models: Economic order quantity model, Production rate model, EPQ and JIT, All unit discount models
3. Week  BASIC INVENTORY SYSTEMS: Incremental Discount model, EPQ and shortages model, Periodic inventory systems
4. Week  BASIC INVENTORY SYSTEMS : Dynamic Models. Periodic review lot-size problems, backlogging
5. Week  MULTI-ITEM JOINT REPLENISHMENT MODELS Deterministic Multi-Item Models: Economies of joint replenishment, Joint replenishment order quantity model
6. Week  MULTI-ITEM JOINT REPLENISHMENT MODELS: Brown's algorithm, Silver's algorithm, Kaspi and Rosenblatt algorithm
7. Week  MIDTERM EXAM I
8. Week  INVENTORY MANAGEMENT UNDER RISK: Joint replenishment production quantity model, Introduction to probabilistic inventory systems, Single period model
9. Week  INVENTORY MANAGEMENT UNDER RISK: Service level and safety stock, Percent order service, Safety stock and multiperiod case
10. Week  INVENTORY MANAGEMENT UNDER RISK: Percent unit service, Safety stock, Backorder or Lost sale case
11. Week  INVENTORY MANAGEMENT UNDER RISK: Joint determination of Q and R, Lead time adjustments, Lead time variability, Time-varying demand, Anticipated price
12. Week  INVENTORY MANAGEMENT WITH LEARNING EFFECT
13. Week  INVENTORY MANAGEMENT WITH TIME VALUE OF MONEY
14. Week  INVENTORY MANAGEMENT WITH MAINTENANCE PLANNING
15. Week  
16. Week  
 -- TEACHING and LEARNING METHODS
 -- ASSESSMENT CRITERIA
 
Quantity
Total Weighting (%)
 Midterm Exams
1
40
 Assignment
0
0
 Application
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Percent of In-term Studies  
40
 Percentage of Final Exam to Total Score  
60
 -- WORKLOAD
 Activity  Total Number of Weeks  Duration (weekly hour)  Total Period Work Load
 Weekly Theoretical Course Hours
14
3
42
 Weekly Tutorial Hours
0
 Reading Tasks
14
2
28
 Searching in Internet and Library
3
4
12
 Material Design and Implementation
0
 Report Preparing
3
5
15
 Preparing a Presentation
3
4
12
 Presentation
3
1
3
 Midterm Exam and Preperation for Midterm Exam
1
25
25
 Final Exam and Preperation for Final Exam
1
45
45
 Other (should be emphasized)
0
 TOTAL WORKLOAD: 
182
 TOTAL WORKLOAD / 25: 
7.28
 Course Credit (ECTS): 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1Can Reach the information in width and in depth by conducting scientific research in the field, evaluate, interpret and apply the information.X
2Has comprehensive knowledge about current techniques and methods applied in engineering and their limitations.
3Completes and applies knowledge using scientific methods, using uncertain, limited or incomplete data; use information from different disciplines together.
4Aware of the new and emerging practices of the profession, examines and learns when needed.X
5Defines and formulates problems related to the field, develops methods to solve them and applies innovative methods in solutions.X
6Develops new and / or original ideas and methods; design complex systems or processes and develop innovative / alternative solutions in their designs.
7Designs and applies theoretical, experimental and modeling based research; examines and solves the complex problems encountered in this process.X
8Can work effectively in disciplinary and multidisciplinary teams, can lead such teams and develop solutions in complex situations; work independently and take responsibility.
9Communicate verbally and in writing by using a foreign language at least at the B2 level of European Language Portfolio.
10Transfer the process and results of his / her studies in written and verbal form in a systematic and clear manner in national and international environments within or outside the field.X
11Knows the social, environmental, health, security, legal aspects of engineering applications as well as project management and business practices and is aware of the constraints that these impose on engineering applications.
12It considers social, scientific and ethical values in the stages of data collection, interpretation and announcement and in all professional activities.
 -- NAME OF LECTURER(S)
   (Prof. Dr. Bilal TOKLU , Assoc. Prof. Dr. Hakan ÇERÇİOĞLU and other relevant faculty members)
 -- WEB SITE(S) OF LECTURER(S)
   (http://www.websitem.gazi.edu.tr/site/btoklu , http://www.websitem.gazi.edu.tr/site/cercioglu )
 -- EMAIL(S) OF LECTURER(S)
   (btoklu@gazi.edu.tr , cercioglu@gazi.edu.tr)