LOG722 Inventory Management (Autumn 2018)

ECTS Credits:
7.5
Responsible faculty:
Avdeling for logistikk
Campus:
Molde
Teaching language:
English
Study level:
{code=HN, name=Second degree level}
Duration:
½ year
Schedule (TP) Reading list (Leganto)

Table of contents

Contents

<p>The course will discuss inventory management principles and models both for fixed rate (deterministic)&nbsp;and uncertain (stochastic)&nbsp;demand. The models aim to develop ordering policies which balance the different types of costs such as ordering, holding and stock-out costs in various situations. Stochastic problems include the one-periodic News vendor problem and multi-period (Q,R)-models where order size and reorder point should be determined simultaneously. Emphasis will be placed on differentiation of products according to an&nbsp;ABC-analysis where different policies can be developed for different product types.&nbsp;Special models are presented for treating slow-moving and expensive articles.</p>

The course is connected to the following study programs

Recommended knowledge

<p>The same as for the MSc program in logistics</p>

The student's learning outcomes after passing the exam

<p>The course focuses on problems in management of inventory. Extensive quantitative models will be presented and used in the formulation and solution of logistical problems.</p><p>The successful student should to be able to identify, analyse and solve problems within the mentioned field and also be able to evaluate the solutions to such problems.</p>

Forms of teaching and learning

<p>3 hours of lectures per week.</p>

Coursework requirements - conditions for taking the exam

  • Mandatory coursework: Assignment(s)
  • Courseworks given: 2
  • Courseworks required: 2
  • Presence: Not required
  • Comment:

Exam

  • Form of assessment: Written school assessment
  • Proportion: 80%
  • Duration: 5 Hours
  • Grouping: Individual
  • Grading scale: Letter (A - F)
  • Support material: Calculator that may contain data + general dictionary in mother tongue/Norwegian/English in paper version
  • Form of assessment: Home assessment
  • Proportion: 10%
  • Duration: -
  • Grouping: Group
  • Grading scale: Letter (A - F)
  • Support material: All printed and written supporting material + calculator that may contain data
  • Form of assessment: Home assessment
  • Proportion: 10%
  • Duration: -
  • Grouping: Group
  • Grading scale: Letter (A - F)
  • Support material: All printed and written supporting material + calculator that may contain data

Pensum

<p>Click here for reading list</p>
Last updated from FS (Felles studentsystem) Oct. 14, 2026 4:30:38 AM