Inventory management
Not offered in 1995
BS BN BT DT BC BP BDT
Dr Richard Egudo
6 points * First semester * 5 hours per week * Gippsland/Distance (even-numbered years only) * Prerequisites: GAS1631, GAS1711 (and subject GAS1831 is desirable)
This subject aims to study inventory control systems and their impact on efficient management of materials.Topics include forecasting and market analysis; independent demand systems - deterministic and probabilistic models; discrete demand systems - deterministic models; inventory system changes and limitations; dependent demand systems - materials requirements planning (MRP), just-in-time and in-process inventory; distribution inventory systems; aggregate inventory control. For Gippsland students, the program will usually involve three hours of lectures plus a two-hour tutorial/workshop per week. The tutorial/workshop will involve case studies, problem solving and use of computer software. For distance students, detailed study guides will be issued. Once a month during the semester, weekend schools will be organised that will provide the opportunity for formal lectures and tutorials.
Assessment
Assignments: 60% * Examination: 40%
Prescribed texts
Tersine R S Principles of inventory and materials management Prentice-Hall, 1994