Production and Product Economics
Syllabus, Bachelor's level, 1TG252
- Code
- 1TG252
- Education cycle
- First cycle
- Main field(s) of study and in-depth level
- Industrial Engineering and Management G1F, Technology G1F
- Grading system
- Fail (U), Pass (3), Pass with credit (4), Pass with distinction (5)
- Finalised by
- The Faculty Board of Science and Technology, 29 April 2016
- Responsible department
- Department of Civil and Industrial Engineering
Entry requirements
45 credits in the Bachelor Programme in Quality Engineering and Management in addition to having attended a course in Marketing, Supply and Sales in the Industrial Organisation.
Learning outcomes
After completing the course the student should be able to
- choose, prepare, interpret and use cost estimates as a basis for engineering and business decisions,
- describe and calculate the economic impact of various production logics,
- manage strategic and tactical considerations for pricing,
- calculate, interpret and critically evaluate key measures for the productivity, profitability and financial stability of production processes and products,
- describe how results control, activity control, people control and cultural control can be dealt with in an industrial company, and how those management control modes can be used as tools for an engineer.
Content
How the engineer's need of information for taking various decisions such as production and distribution systems design, product selection, management of orders, quotations and production planning, profitability and pricing can be met. How a business can be operated through production and profitability related key measures, and in more general terms, for example, in the form of responsibility and information to decision-makers at all levels, as well as personnel and culture.
Instruction
Lectures, case studies, exercises and seminars.
Assessment
Written exam. Written assignments and a seminar give bonus points at the regular exam and the first re-examination.