Apply quantitative forecasting and inventory optimization models to minimize operational costs and ensure high service levels in multi-echelon supply networks.

• Time Series Forecasting Models
  Explanatory / Causal Forecasting Models
• Introduction to Inventory Systems and Costs
• Deterministic Models: The Economic Order Quantity (EOQ) and Extensions
• Probability and Statistics in Inventory
• The Newsvendor Problem (Single-Period Models)
• Continuous Review Systems
• Periodic Review Systems
• Safety Stock and Service Levels
• Multi-Item Inventory Management (ABC Analysis)
• Multi-Echelon Inventory Systems

• Hyndman, R. J., Athanasopoulos, G. 2021. Forecasting: Principles and Practice, OTexts.
• Silver, E. A., Pyke, D. F., Thomas, D. J. 2017. Inventory and Supply Management in Supply Chains, 4/E CRC Press.
• Nahmias, S., Lennon Olsen T. 2021. Production and Operations Analysis, 8/E.
• Muckstadt, J. A., Sapra, A. 2010. Principles of Inventory Management, Springer.
• Ziplin, P. H. 2000. Foundations of Inventory Management, McGraw Hill.
• Porteus, E. L. 2002. Foundations of Stochastic Inventory Theory, Stanford University Press.

Slides, e-class.

Greek or English.

Lectures and Assignments.

• Written examination (60%)
• Assignments (40%).

190.