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Semester Project Requirements

Inventory

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40 views3 pages

Semester Project Requirements

Inventory

Uploaded by

phantien1402
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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International University, HCMC School of IEM – LSCM Program

INVENTORY MANAGEMENT: SEMESTER PROJECT

1. GENERAL DESCRIPTION
 This is a semester project that considers various problems in the Inventory Management
field.
 Students are required to form and register a group of 4 members and choose the suitable
project option.
 Registration deadline is: 22/9/2024.
 Registration link: here (please register in the right group tab)
 After the deadline, the remaining students who did not register will be assigned to groups
randomly.

2. REQUIREMENTS
After forming a group, each group can choose one of the following options for the research
topic:
 Option 1: Your group will be given a research paper.
 Option 2: Your group will conduct a real-life case study (collecting data from a real
system and applying knowledge from Inventory Management course).

2.1. Work with a given case study.


Each group is assigned a system to study. Group should work together to carefully
study the system to perform the following jobs:
1. Summarize the case: system description, problem statement, scope, and
limitation.
2. Model formulation and description.
3. Choose one of the three following options.
4. Show your works the option you choose with available data or random generated
data.
5. Conduct sensitivity analysis and result analysis.

Each group will be able to choose one of the three following options:
OPTION DESCRIPTION
Option 1A:  Your group should start by thoroughly reading the
Implement the assigned paper and pay close attention to the problem
heuristics or the paper addresses, the proposed heuristics or
algorithm from a algorithms, and the rationale behind their design.
given research  Groups can apply C++, Python or MATLAB to
paper. implement the heuristics or algorithms. If the paper
provides code or pseudocode, ensure you understand
it.
Option 1B:  Your group should start by thoroughly reading the
International University, HCMC School of IEM – LSCM Program

Proposed your research paper provided to you and pay close attention
own heuristics or to the problem the paper addresses. However, in this
algorithms that option, your group will design a heuristic or algorithm
suitable to solve that can be used for solving the problem. Therefore, you
the problem in must submit the pseudocode for the proposed heuristic
the assigned or algorithm.
paper.  Groups can apply C++, Python or MATLAB to
implement the heuristics or algorithms.
Option 3:  Your objective is to compile a comprehensive list of
Based on the meta-heuristics, conduct a comparative analysis of these
suitable meta- methods, and ultimately select the most suitable meta-
heuristics to heuristic to serve as the primary approach for addressing
solve the the problem outlined in the provided research paper.
problem in the  For the comparative analysis of these meta-heuristics:
assigned paper. Your group should define a set of criteria or metrics
against which you will evaluate and compare the meta-
heuristics. These criteria could include factors like
convergence speed, solution quality, ease of
implementation, and computational efficiency.
 Groups can apply C++, Python or MATLAB to
implement the heuristics or algorithms.

2.2. Real-life case study


In this option, your group can choose your topic on your own. However, your group must
follow the guideline below:
1. Define the case: Problem statement; Objective; Scope and Limitation; Literature review
(please specify your key references)
2. Formulate a mathematical model (parameters, decision variables, objective function,
constraints) or propose a feasible heuristic or algorithm to solve the problem. Note:
You can utilize formulas and concepts from the Inventory Management course as your
references and foundations for this task.
3. Solve your problem with data collected from a real system.
4. Conduct result analysis and sensitivity analysis.
5. Draw conclusions, mention the new findings, limitations, and suggestions for future
work.

Finally, near the end of the semester, each group must submit a professional report (the
report guideline will be announced later) and have a presentation with Q&A sections at the
end. The overall group project score of an individual will be determined by the group project
score and peer evaluation percentage.
International University, HCMC School of IEM – LSCM Program

6. TIMELINE

Step Tasks to do Time


1 Group forming: register group members, choose one Week 1 – Week 2
of the two options (real-life case/given research
study) via the link
2 Conduct study Week 3 – Week 12
3 Project report submission Week 13 – Week 14
(TBA)
4 Project Presentation Week 13 – Week 14
(TBA)

7. PROJECT ASSESSMENT POLICY:


- Report: 40%
- Presentations: 40%
- Q&A: 20%
- Penalty:
1. Late submission 1 day: - 10%
2. Late submission 2 days: - 20%
3. Late submission 3 days: - 30%
4. Late submission > 3 days or no submission: - 100%
5. Absent from presentation: - 40%

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