Syllabus ISE-513 Logistics and Inventory Systems

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Syllabus ISE-513

Logistics and Inventory Systems

Spring 2024

Units: 4

Day: Tues/Thu 10:00 A.M.-11:50 A.M.

Location: OHE100B

Instructor: Niloufar Izadinia

Email: [email protected]

Office Hours: TBD

Teaching Assistant:

Email:

Office Hours: TBD

USC Catalogue Description

Practice in inventory management, computerized procedures, materials requirements planning.

Deterministic and stochastic demand systems with static/dynamic models.

Learning Objectives

The major objective of this course is to have you understand and use the full range of analyses

available to manage inventory. Also, for you to be familiar with requirements planning.

The specific course objectives include enabling the student to:

• Explain the importance of inventory management in operations.

• Identify the connection of managing inventory to planning and scheduling.

• Use Excel and statistical tools in solving inventory problems.

• Explain the basics of forecasting.

• Use the tools of inventory management and their various applications in given conditions.

Prerequisite: None

Co-Requisites: None

Concurrent Enrollment: None

Course Notes

All material required for the course will be posted on Blackboard. This includes quizzes,

examinations, homework, reading assignments and solutions to all of those. Grading for the course

is by letter grade.

Technological Proficiency and Hardware/Software Required

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Introductory knowledge of Microsoft office tools.

Required Text

Edward A. Silver, David F. Pyke, Douglas J. Thomas “Inventory and Production Management in Supply

Chains “, 4th Edition, CRC Press, 2016, ISBN-978-1466558618

References

• Sheldon M. Ross “Probability and Statistics for Engineers and Scientists”, 4th Editions, Academic

Press, 2009, ISBN 13:978-0-12-370483-2

• Sven Axsater, “Inventory Control”, 3rd edition, Springer 2015, ISBN 978-3-319-15728-3

• Andrie de Vries and Joris Meys, “R for Dummies”, 2nd Ed. John Wiley and Sons, 2015, ISBN: 978-1-

119-05580-8

Grading Breakdown

Homework

20%

Participation

20%

Quizzes

15%

Midterm 1

15%

Midterm 2

15%

Final exam

15%

Homework Assignments

• Assignments are assigned on the second period of the week and are due at midnight of Friday of the

week of the following week, submitted through the assignment manager on D2L and will be returned

electronically. Solutions will be posted after the assignment is due. It is imperative that you prepare

for class. You will find it extremely difficult to follow the discussion if you have not read the material.

• Late homework submissions are not accepted under any circumstances. However, two lowest

scores will be dropped (a missed homework is a zero).

• It’s OK to work on individual homework assignments together but finish it by yourself and indicate

whom you worked with. Each student must turn in a separate homework. Do not give your files to

others, and do not use others’ files. Do not copy solutions from people you have worked with or from

anyone else. Generated data and essay questions must be unique to each student. If you use solutions

from prior semesters, indicate that. If the answer is given in a book, don’t just copy it, explain

how you got it.

• The assignments should be as professional in appearance as if you were preparing reports at work or

for publication.

Participation:

General:

This is intended to be an interactive class and your participation should increase as the semester progresses.

Students are expected to have read the preparation material and participate actively in the discussions and

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exercises in the class. You should be prepared to devote the time necessary to take the course. The course

material is cumulative, and you need to keep up as we go along.

In-class exercises and challenges:

There will be several in-class exercises and challenges that you should do during the class time.

Laptops, desktops, or iPads are required to do and submit these exercises. The students can either do them

individually or in teams of at most three.

For on-campus students:

Attending all classes for the whole duration of class is expected of everyone. Frequent absences will result in

a reduction in grade. Punctuality is expected.

For DEN students:

You should attend synchronously if the class time falls between 7 A.M. and 10 P.M. in your time zone. You

may be excused from watching synchronously for a valid reason, obtained before second week of classes

(send the instructor an email about that). If you do attend asynchronously, you should watch the lecture

video no later than 72 hours after the session. Your activity will be recorded automatically via DEN website,

so there is no need to send the instructor an email after having watched every time. Frequent

absences/unwatched videos will result in a reduction in grade.

If you do attend asynchronously, you should still submit the in-class exercises no later than 48 hours after

the class to get the full credit.

Quizzes:

• There will be a take home quiz in the indicated weeks assigned after the first class in the week and

due online at midnight prior to the second class of the same week.

• The purpose of these quizzes is to encourage you to keep up with the class material. I anticipate that

you will have little difficulty in answering the questions if you are up to date on the class materials.

• The quiz each week will be based primarily upon the material from the previous week. The quizzes

are open notes, book and laptop and are to be submitted to D2L when due.

• Some of the quizzes may be in class -rather than take home (except for distance students who are to

follow the rules used by DEN). However, the instructor will let you know the week before if there

will be an in-class quiz the following week.

• There are no make-up quizzes. However, two lowest scores will be dropped (a missed quiz is a

zero).

Examinations:

• The midterms and final will be based on homework assignments, quizzes, and the discussions, notes

and in-class exercises. Students are expected to apply what they should have learned up to that point

to analyzing situations, identifying the problems, and applying the appropriate techniques to solve

them or interpreting computer solutions.

• The midterms and final exams are closed book and close notes and taken in class (except for distance

students who are to follow the rules used by DEN).

• Calculators are OK but laptops or desktops are required

• Students can bring a two-sided letter size handwritten cheat sheet for midterm 1. Two of such

cheat sheets for midterm 2, and three for final exam.

• Exam problems will be true/false, fill in the blank, and multiple choice and are to be done on D2L.

https://itservices.usc.edu/spaces/laptoploaner/

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• DEN students who can attend the exam sessions synchronously, will take the exam via D2L while

joined the class Webex link. The ones who take the exam asynchronously, will have until the

midnight of the next day to take the exam on D2L.

Test Schedule:

Midterm 1

Thursday, February 15, 2024

10:00 A.M. – 11:50 A.M.

Midterm 2

Tuesday, March 26, 2024

10:00 A.M. – 11:50 A.M.

Final

Tuesday, May 7, 2024

8:00 A.M. – 10:00 A.M.

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Course Schedule:

Important Notes:

• The syllabus may get updated during the semester.

• In all your emails to the instructor, copy the TA as well to make sure you get the response as soon as

possible.

• Include “ISE 513” at the beginning of all your email titles to get the response as soon as possible.

• ALWAYS BE SURE TO GIVE THE SOURCE OF ALL YOUR INFORMATION. ANYTHING

TAKEN VERBATIM FROM SOMEONE ELSE MUST BE IN QUOTATION MARKS AND

REFERENCED. THIS INCLUDES PARTIAL SENTENCES.

• Grading Scale Course final grades will be determined using the following scale

A [94, 100]

A- [90, 94)

B+ [87, 90)

B [84, 87)

B- [80, 84)

C+ [77, 80)

C [74, 77)

C- [70, 74)

D+ [67, 70)

D [64, 67)

D- [60, 64)

F < 60

Statement on Academic Conduct and Support Systems

Week

Topics

Reading

Deliverables

Week 1

Introduction

Costing and pricing, Segmentation

Ch. 1, 2

Week 2

Consultation, Forecasting (I)

Ch. 2, 3

HW1 (Ch 1,2)

Week 3

Forecasting (II)

Ch. 3

Week 4

Inventory Models (Level demand)

Ch. 4

HW2 (Ch 3)

Week 5

Inventory Models (Probabilistic Demand)

Ch. 6

HW3 (Ch4)

Week 6

Review session -Midterm 1(Ch 1,2,3,4)

Week 7

Inventory Models (Probabilistic Demand) - Inventory

policies

Ch. 6,7

Week 8

Lot Sizing – Time-Varying Demand

Ch. 5

HW4 (Ch 6,7)

Week 9

Newsvendor problem

Ch. 9

HW5 (Ch 5)

Week 10

C-items - Review session

Ch. 8

HW6 (Ch 9)

Week 11

Midterm 2 (Ch 5,6,7,9) – Multiple items

replenishment

Ch. 10

Week 12

Multi-echelon Inventory Management

Ch. 11

HW7 (Ch 8,10)

Week 13

Coordinating Inventory management in Supply chains

Ch. 12

Week 14

Enterprise Resource Planning

Ch. 15

HW8 (Ch 11,12)

Week 15

Applications (time permitting), Review session

FINAL

(Tuesday, May 7, 2024) Refer to the final exam schedule in the USC Schedule of Classes at

classes.usc.edu.

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Academic Conduct:

Plagiarism – presenting someone else’s ideas as your own, either verbatim or recast in your own words – is a

serious academic offense with serious consequences. Please familiarize yourself with the discussion of

plagiarism in SCampus in Part B, Section 11, “Behavior Violating University Standards”

policy.usc.edu/scampus-part-b. Other forms of academic dishonesty are equally unacceptable. See additional

information in SCampus and university policies on Research and Scholarship Misconduct.

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