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Inventory Control

Course Description: Definitions and Inventory Control Models - Simple Economic Order Quantity (EOQ) Model - Economic Order Quantity Model with Shortages - Economic Production Quantity (EPQ) Model - Economic Production Quantity Model with Shortages - Single or Multi-item Constraint Inventory Models - Some Dynamic Inventory Models with Deterministic or Random Demand - Some Inventory Models with a Time-Continuous Demand Function - Some Random Inventory Models.
Credit hours: 3
Prerequisites: STAT 215
Objectives of the course :

This course aims to introduce the student to the problem of inventory control and its various models. It also covers the use of economic production quantity models in solving many problems encountered in various fields such as industry, commerce, agriculture, and the military.

Course outputs :

Gaining knowledge on how to use inventory models - Acquiring cognitive skills in economic production quantity models - Acquiring practical skills in using statistical software in advanced statistics and data analysis.

Additional information:
  • Last updated: 2026-06-04

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