1. Introduction: measures of effectiveness, inventory policies and review of renewal reward theorem.
   
   
2. Review of models with known and constant or time varying demand
   
   
3. Inventory Management under Stochastic demand and Constant lead times
   
   
4. Continuous review inventory control, Poisson demand, base-stock policies
   
   
5. Periodic Review Models with Stochastic Demand
   
   
6. Single period (Newsboy) Models
   
   
7. Dynamic Inventory Models with Stochastic Demand
   
   
8. Optimal Policies and Approximations
   
   
9. Random lead times
   
   
10. Competitive Inventory management
    
    
11. Perishable Inventories, allocation and distribution model for perishable products
    
    
12. Continuously deteriorating inventory models, age dependent perishability
    
    
13. Control policies for perishable inventory systems, dynamic pricing for perishable assets
    
    

1. E. L. Porteus, Foundations of Stochastic Inventory Theory, Stanford Univ. Press, 2002.
   
   
2. P. H. Zipkin, Foundations of Inventory Management, Irwin/McGraw-Hill, 2000.
   
   
3. Quantitative Models for Supply Chain Management, Editors S. Tayur, R. Ganeshan, M. Magazine, 1999.
   
   
4. I. Sahin, Regenerative Inventory Systems, Springer Verlag, 1990.
   
   

Assignment 10%, Project Presentations 25%, Midterm Exam 30%, Final Exam 35%.

You will be provided with a cheat sheet.

If you have a disability that influences testing procedures, provide me an official letter from the Office of Disability Services at the start of the semester.

All exams are closed book, closed notes, and no cell phones, no electronic or hard copy cheat sheets are allowed. Please go over the Rutgers Academic Integrity Policy.

I do NOT tolerate cheating. Students are responsible for understanding the RU Academic Integrity Policy. I will strongly enforce this Policy and pursue all violations. On all examinations and assignments, students must sign the RU Honor Pledge, which states, “On my honor, I have neither received nor given any unauthorized assistance on this examination or assignment.” Don’t let cheating destroy your hard-earned opportunity to learn.