IND 710

The first part will deal with features of production/service systems, methods of modelling their operation and their control system. Topics include aggregate planning, forecasting techniques, work-force and operations scheduling and material requirement planning. The second part will cover the models and techniques for managing inventory systems. The deterministic and stochastic inventory models and lot sizing in continuous and periodic review systems will be included. Emphasis will be placed on the modelling aspect as well as the use of analytical approaches in the solution of system problems.