Last Updated: 9 /12/05
Prerequisites: Calculus, deterministic models, probability and statistics. Deterministic models can be taken concurrently.
Description: Inventory control with known demands, multiple products, joint replenishment problem, economic lot scheduling problem, production planning with time-varying demand with economies and diseconomies of scale. Aggregate production planning, material requirement planning, forecasting, inventory control with random demands: style goods, base stock policies, (Q,r) and (s,S) policies. Multi-stage stochastic inventory models in series, assembly and distribution.
Instructor: Professor Guillermo Gallego
Office Phone: (212) 854-2935
FAX: (212) 854-8103
Office: Temporary office 455 Computer Science
email: [email protected]
Text: Silver, E., Pike, D., and Peterson, R. Inventory Management and Production Planning and Scheduling. Wiley 1998.
Reference text: Nahmias, S. Production and Operations Analysis, Third Edition. Irwin, 1997.
Reference text: Pinedo, M. Scheduling, Theory, Algorithms, and Systems. Prentice Hall, 1995.
Reference text: Hounshell, D. A. From
the American System to mass Production 1800-1932: The Development of
Manufacturing Technology in the
Grading: Assignments (15%), Midterms (40% each), and Final (45%). Midterm and Final exams are closed text and closed notes. You can bring one (1) one-sided 8.5" by 11" sheet with formulas and a calculator to the exams. All examinations and written homework are subject to the usual standards of academic honesty as described in the University's Student Handbook. There will be assigned readings to be done before class. Solutions to most of the assignments are available for download below. The solutions are available to facilitate the learning process. Students should try to solve all the problems before looking at the solutions. Students should submit complete assignments to receive full credit. There is no specific due date for the assignments, but it is a good idea to send in complete assignments to CVN within two weeks of the time the material is covered in class.
Sample Midterm exam: Students are allowed one single sided sheet of notes and a calculator: (pdf file) solution (pdf file).
Final exam: TBA
Software requirements: Recent versions of Microsoft Excel. Access to Crystal Ball or @Risk is desirable but not essential.
Hardware requirements: Access to Pentium based or equivalent PC
|
Week number |
Topics/Chapters Covered |
|
1 |
Introduction Read Chapters 1,2,3 of SP&P |
|
2 |
Inventory Control Known Demand Read Chapter 5 of SP& P |
|
3 |
The Joint Replenishment Problem and the Economic
Read Chapter 11.2 and 11.6 |
|
4 |
Production Planning with Time-Varying Demand with
Economies and Diseconomies of Scale Read Chapter 6 |
|
5 |
Aggregate Production Planning Read Chapters 14 and 15 |
|
6 |
Materials Requirement Planning Read Chapter 15 |
|
7 |
Review. Midterm |
|
8 |
Forecasting Read Chapter 4 |
|
9 |
Inventory Control Uncertain Demand: Style Goods and
Yield Management. Read Chapter 10 |
|
10 |
Inventory Control Uncertain Demand: (Q,r) and (s,S) policies. Read Chapters 7 and 8 |
|
11 |
Multi-stage stochastic inventory models Read Chapter 12 |
|
12 |
Just-In-Time and OPT Read Chapter 16 |
|
13 |
Operations Scheduling Read Chapter 17 |
|
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FINAL EXAM
|
Lecture notes:
Excel files:
Assignments: