Production and Inventory Control Systems

Graduate

Analysis of production-inventory systems. Inventory systems; deterministic, single-item and multi-item models; quantity discounts; stochastic, single-period models; periodic review and continuous review models. Production planning. Static demand models; product mix and process selection problems; multi-stage planning problems. Dynamic demand models; multi product and multistage models. Operations scheduling; job shop scheduling; line balancing. New directions in production systems research. (Prerequisite: INDE-4130 or equivalent.) (3 lecture hours a week.)