Facts about the course

ECTS Credits:
Responsible department:
Faculty of Logistics
Course Leader:
Johan Oppen
Lecture Semester:
Teaching language:
½ year

LOG722 Inventory Management (Autumn 2021)

About the course

The course will discuss inventory management principles and models both for fixed rate (deterministic) and uncertain (stochastic) 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 ABC-analysis where different policies can be developed for different product types. Special models are presented for treating slow-moving and expensive articles.

The course is connected to the following study programs

Recommended requirements

The same as for the MSc program in logistics

The student's learning outcomes after completing the course

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.

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.

Forms of teaching and learning

3 hours of lectures per week.

Coursework requirements - conditions for taking the exam

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


  • Form of assessment: Digital school assessment - Inspera

  • Proportion: 100%

  • Duration: 5 Hours

  • Grouping: Individual

  • Grading scale: Letter (A - F)

  • Support material: All printed and written supporting material





Last updated from FS (Common Student System) Oct. 18, 2021 6:20:15 PM