Syllabus academic year 2009/2010
(Created 2009-08-11.)
PRODUCTION AND INVENTORY CONTROLMIO030

Higher education credits: 4,5. Grading scale: TH. Level: G2 (First level). Language of instruction: The course will be given in Swedish. Optional for: E4, E4pe, I4, M4, M4lp, M4pr, V4ib. Course coordinator: Fredrik Olsson, Fredrik.Olsson@iml.lth.se, Produktionsekonomi. Recommended prerequisits: MIO012/MIOA01 Managerial Economics Basic Course, FMS012 Mathematical Statistics Basic Course. Assessment: Individual written exam. For a passing grade it is required (in addition to a passing written exam) that a mandatory assignment is completed. The assignment is solved independently in groups of 2-3 students. Home page: http://www.pm.lth.se.

Aim
The course aims to provide basic knowledge regarding control and design of production-inventory systems and different methods and procedures.

Knowledge and understanding
For a passing grade the student must

have knowledge and understanding in the following areas:

Skills and abilities
For a passing grade the student must

Contents
Introduction, Classifications in production management, Design of products, Network scheduling, Design of the production system, Line balancing techniques, The production control system, Forecasting, Ordering systems, Batch quantities, Safety stocks, Multi-echelon systems, Material requirements planning, Coordination of orders, Cyclic schedules, Implementation, Aggregate planning, Detailed planning, Dispatch rules, Feedback control, Quantitative techniques in different areas.

Literature
Axsäter, S., Lagerstyrning, Studentlitteratur, 1991.
Compendia.