Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
11320203E11804DEMAND FORECASTING METHODSElective485
Level of Course Unit
First Cycle
Language of Instruction
English
Objectives of the Course
• To understand the importance of demand forecasting for operations management • To examine quantitative and qualitative demand forecasting methods and selection of forecasting methods
Name of Lecturer(s)
Assist. Prof. Dr. Burcu ARACIOGLU
Learning Outcomes
1To be able to understand demand forecasting methods, their features and differences
2To be able to use theoretical and practical knowledge gained about demand forecasting methods
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
In this course, some qualitative and quantitative techniques such as Delphi technique, nominal group method, simple and multiple regression method, time series analysis, trend analysis, moving averages method and exponential smoothing method will be discussed.
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Demand Forecasting and Inventory Control
2Short-term Forecasting for Stationary Demand Situations
3Short-term Forecasting for Growth and Seasonality
4Medium-term Forecasting for Growth and Seasonality
5The Essential Links Between Forecasting and Inventory Control
6Establishing the Value of the Re-order Level
7Establishing the Value of the Re-order Level
8Midterm
9Establishing the Size of the Replenishment Order
10Establishing the Size of the Replenishment order
11Examining the Relationship between the Re-order Level and the Replenishment Quantity
12Examining the Relationship between the Re-order Level and the Replenishment Quantity
13Establishing the Review Period and Maximum Stock Level
14Establishing the Review Period and Maximum Stock Level
15Selecting the Most Appropriate Inventory Control Policy
16Final Exam
Recommended or Required Reading
- Lewis, Colin D., “Demand Forecasting and Inventory Control : A Computer Aided Learning Approach”, John Wiley & Sons, (2000).
Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
SUM0
End Of Term (or Year) Learning ActivitiesQuantityWeight
SUM0
SUM0
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination122
Final Examination122
Attending Lectures16348
Seminar5315
Self Study5315
Individual Study for Homework Problems428
Individual Study for Mid term Examination10220
Individual Study for Final Examination20240
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PO
1
PO
2
PO
3
PO
4
PO
5
PO
6
PO
7
PO
8
PO
9
PO
10
LO15453342334
LO25454342334
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr