Lecture 1 - IE 5341 Adv Production and Inventory Control...

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IE 5341: Adv. Production and Inventory Control Spring 2010 Professor : Dr. Jose F. Espiritu e-mail : [email protected] Class meets (CRBL 304): Wednesdays 6:00 pm – 8:50 Office hours (A109) : Tuesdays and Thursdays 10:30 am – 11:30 Department of Industrial Engineering Spring 2010 and by appointment
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Course description: This course emphasizes inventory control management for production planning and includes topics in inventory control with known and unknown demand, forecasting, lot sizing, dispatching, scheduling, materials requirement planning (MRP), just-in-time models, pull control systems and aggregate planning. Strong emphasis on the solution and research of current existing production and inventory control problems. Prerequisites: Basic probability and statistics, introductory operations research Course web page: https://coursemine.utep.edu/ Department of Industrial Engineering Spring 2010
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Objectives Analyze and develop inventory management policies under deterministic and stochastic environments. Identify dynamic interactions among different elements of a production or distribution system. Develop aggregate production plans and detailed schedules through simple policies and more sophisticated mathematical models. A formal analysis of the dynamics of production processes based on queuing theory and its application in the contemporary production and distribution networks. Calculate the effects of variability on the output of a production system, and develop strategies to cope with the adverse effects of variability. Department of Industrial Engineering Spring 2010
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http://www.coursesmart.com/0077272218 Required textbook: Hopp, W. and Spearman, M. (2007). Factory Physics. McGraw- Hill/Irwin. (Third edition). Course web page: https://coursemine.utep.edu/ Department of Industrial Engineering Spring 2010
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Other references: Sipper, D. and Bulfin, R. (1997). Production: Planning, Control, and Integration. McGraw Hill. Vollman, T., Berry, W. and Whybark, C. (1993). Integrated Production and Inventory Management Revitalizing the Manufacturing Enterprise. Irwin. Johnson, L. and Montgomery, D. (1974). Operations Research in Production Planning, Scheduling, and Inventory Control. Wiley. Silver, E., Pyke, D. and Peterson R. (1988). Inventory Management and Production Planning and Scheduling. Wiley. Zipkin, P. (2000). Foundations of Inventory Management. McGraw-Hill/Irwin. Department of Industrial Engineering Spring 2010
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Grading procedure: The final grade will be based on a weighted average of the exam score, paper presentation, term project, and homework Evaluation procedure and criteria Midterm 30% Final 30% Advanced Production and Inventory Control IE 5341: Spring 2010 Term project 20% Homeworks 10% Paper presentation 10% Grade percentage A 91-100 B 81-90 C 71-80 D 60-70 F < 60 Department of Industrial Engineering Spring 2010
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Homework policy: Homeworks will be announced in class. Homework will be due at the
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This note was uploaded on 04/25/2010 for the course IE 654 taught by Professor Smith during the Spring '10 term at 카이스트, 한국과학기술원.

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Lecture 1 - IE 5341 Adv Production and Inventory Control...

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