inventory models, replacement models, scheduling systems
Abstract:
Inventory theory - introduction, static models, deterministic dynamic models, stochastic dynamic models. Replacement theory - introduction, models for replacement of items that deteriorate with time, models for replacement of items that fail completely. Scheduling theory - introduction, single machine scheduling problems, parallel machine scheduling problems, flow shop scheduling problems and job shop scheduling problems.
Objectives:
Familiarise students with elementary mathematical methods of inventory theory, replacement theory and scheduling theory and their applications in logistics systems.