Business Administration

ADM4677Inventory Management3 ch (3C)

Provides an overview of inventory systems and their impact on materials management. Considers the two fundamental inventory questions (when and how much to order) under a variety of practical considerations. Includes topics such as: economic order quantity, just-in-time inventory systems, fixed-order size, fixed order interval, and deterministic and probabilistic systems. Discussion of practical applications of models.

Prerequisites: ADM 2623 and ADM 2624.