Conference Session

Industrial Engineering Division (IND) Technical Session 2

Collection

2023 ASEE Annual Conference & Exposition

Authors

Elif Akcali, University of Florida; Saron Getachew Belay; Elayne Colón, University of Florida; Jade Williams

Tagged Divisions

Industrial Engineering Division (IND)

the course is to develop modeling and analysis abilities ofstudents for the investigation of inventory, logistics, and supply chain problems faced by today'sfirms. The specific topics include a brief introduction into inventory management systems(focusing on definitions, inventory-related costs, motivations to keep inventory, and distributionvalue analysis); deterministic inventory modeling (concentrating on economic order quantity andits extensions); stochastic inventory modeling (describing single-period and multiple-periodnewsvendor models, (q,r) policy with backlogging and lost sales as well as service levels);logistics system design (transportation-related decisions and their impact on inventorydecisions); supply chain management and