Courses

P602

Inventory Theory

  • 15-weeks
  • 1.5 credits
  • Prerequisite: None

This course provides an overview of quantitative models and techniques of inventory management that support the management of production and distribution.  Topics include forecasting, the EOQ model and its variations (quantity discounts, power-of-two policies, planned backorders), the Wagner-Within algorithm, and stochastic inventory models (continuous review (r,Q) policies, periodic review base-stock policies, and (s,S) policies).