Aims: 
                    Introducing concepts of inventory control, demand forecasting methods and modeling inventory control 
                    problems 
                    Syllabus: 
                             Introduction and fundamental concepts  
                             Characteristics of inventory systems  
                             Forecasting models  
                             EOQ model and its sensitivity analysis  
                             Considering back ordering and lost sales in EOQ model  
                             Multi-commodity case in EOQ model  
                             EPQ model and its analysis  
                             Considering back ordering in EPQ model  
                             Multi-commodity case in EPQ model  
                             Inventory models with constraints  
                             Inventory models with discounts  
                             Models for sale and price changes  
                             Introduction to FOI and FOS systems in probabilistic models  
                             Dynamic lot sizing techniques  
                             ABC analysis and Two-bin system  
                             Probabilistic models of inventory control 
                    Text Book: 
                    Karimi B. and Jenabi M., "Inventory and production planning and control (Vol. 1: Systems with 
                    independent demands), Amirkabir University, Jahad daneshgahi publishing Co. 3rd eddition, 2013.