Supply Chain Management - Extension of the Newsvendor Problem

3/30021
label Diverse autorenew 2025-09-29, 17:01 history_edu Silviu Marinescu
The course is part of the Cologne International Summer University, an intensive academic summer program combined with cultural activities directed to international students and students of the University of Cologne. Each course is complemented by a language and cultural introduction and a field trip to a company or institution.

The course "Supply Chain Management - Extension of the Newsvendor Problem" combines frontal lectures, interactive teaching methods and student presentations. It focuses on the following topics: Double Marginalization; Imperfect Information; Inventory Pooling/ Transshipment and Supplementary Distribution.

Period
19-08-2013 - 29-08-2013 (2 weeks)

Target group
Graduate business and economics majors/ minors (after one year of study). Proof of English proficiency (TOEFL ibt 96 or equivalent) is required.

Course aim
The newsvendor problem and its multi-period counterpart (the stochastic lotsizing problem) are two of the most basic inventory paradigms. This course will examine some extensions of these paradigms and more importantly what lessons can be learned from these extensions. Students who complete this course will have both a mathematical and an intuitive understanding of the underlying tradeoffs of the basic problem and its extensions.



Credits
6.0 ECTS credits

After succesfully completing the programme, international students receive an academic transcript where the course title(s), the ECTS credits earned and the final grades appear on.

Course fee
EUR 1100: The programme fee includes accommodation (in double room), public transportation ticket within and around Cologne, course materials, welcome and farewell event, language and cultural orientation, company visit, city tour, teambuilding event, wireless internet on campus, access to University's computer pools and libraries, access to subsidized food at the Universitys restaurants and cafs.

EUR 1400: The programme fee includes accommodation (in single room), public transportation ticket within and around Cologne, course materials, welcome and farewell event, language and cultural orientation, company visit, city tour, teambuilding event, wireless internet on campus, access to University's computer pools and libraries, access to subsidized food at the Universitys restaurants and cafs.The course is offered as part of the Cologne International Summer University (CISU). If you decide to participate at two sessions (4 weeks in total), the prize is EUR 1500 (double room) or EUR 2000 (single room).

Course leader
Prof. Yale T. Herer, Ph.D.

University of Cologne Faculty of Managment, Economics and Social Sciences
Address: International Relations Center (ZIB-WiSo), Albertus Magnus Platz, Cologne
Postal code: 50937
City: Cologne
Country: Germany
Website: http://www.cisu.uni-koeln.de/
E-mail: wiso-cisu@uni-koeln.de
Phone: 0049-221-470-7702