IE 621 Inventory Control Theory

Credit Information: 
(3+0+0) 3
Description and characteristics of inventory models; economic order quantity and economic lot size models; multiple product and multiple location models under deterministic demand; stochastic single-item models with capacity constraints and lead-times; structure of dynamic inventory policies; multi-item stochastic demand inventory models; supply chain models and current issues in inventory planning.
IE 505 or instructor's consent.
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