ΔΕΑL0103 ANALYSIS OF PRODUCTION-INVENTORY SYSTEMS (Core)

ΔΕΑL0103 ANALYSIS OF PRODUCTION-INVENTORY SYSTEMS (Core)

Course Information

Course Outline

Course Category
Course Type
Course Code
Semester
Contact Hours
ECTS Units
Division
Instructor

Graduate
Core/Compulsory
ΔΕΑL103
1st (Fall)
3 hours/week
7.5
Production Management & Industrial Administration
George Liberopoulos

Course Category: Graduate
Course Type: Core/Compulsory
Course Code: ΔΕΑL0103
Semester: 1st (Fall)
Contact Hours: 3 hours/week
ECTS Units: 7.5
Division: Production Management and Industrial Administration
Instructor: George Liberopoulos

Scope
Analyze production-inventory systems, manage process time variability, and master material flow control policies for optimized performance.
Contents
  • Production Inventory Processes (Little’s Law, Performance Measures).
  • Manufacturing Systems and Industrial Revolutions.
  • Material Release Control (Push vs Pull, Make-to-Order vs Make-to-Stock).
  • Capacity, Throughput, Cycle Time, and Work-In-Progress (WIP) Number.
  • Variability of Arrival and Processing Times and Queuing Systems (M/M/1, G/G/1, etc.).
  • Formation/Sizing of Production and Transfer Batches.
Bibliography
  • Cachon, G., Terwiesch, C. Matching Supply with Demand: An Introduction to Operations Management, 4/E McGraw-Hill, 2019.
  • Hopp, W.J., Spearman, M.L. 2008. Factory Physics, 3/E. Waveland, 2008.
  • Nahmias, S., Lennon Olsen T. 2021. Production and Operations Analysis, 8/E.
Educational Material

Recorded lectures with slides, e-class, worksheets for quantitative analysis, Matlab codes.

Language of Instruction

Greek or English.

Teaching Method

Lectures and Assignments.

Assessment
  • Written examination (65%)
  • Assignments (35%).
Workload (in hours)

190.