Course syllabus - Controlling and financing of industrial operations

Objectives

The purpose of the course is to deepen the students' understanding of the financial eco-system that encompasses an industrial enterprise, and how to control it. Additionally, the course aim is also that students learn how to apply and evaluate various models and tools for efficient resource-allocation, supply and use of capital within operations, as well as models and tools for producing material for change and optimisation of core processes. Finally, the course aims at developing the students' capacity to evaluate information and models.

Learning outcomes

After completion of the course the student should be able to:
1. Describe parts and connections in the financial eco-system of an enterprise, and how they can be operationalised to material for decision-making in industrial enterprises.
2. Model systematic dispositions used for resource-allocation in industrial enterprises.
3. Through the application of techniques for product costing and the critical evaluation of information, produce data to base change initiatives and optimisations of core processes on, and argument for the chosen proposal.
4. Perform and design calculations for future optimisations through long-term investments
5. Identify and compare the need and alternatives for changing operations through capital supply
6. Develop, evaluate and present information from the financial ecosystem as data to base decision on and show their usefulness in different situations in industrial entreprises.

Course content

Lectures introducing tools and processes that industrial enterprises implement to efficiently allocate financial resources are combined with group work and individual assignments. During the course, students will be trained in the practical use of methods and models, and will evaluate their usefulness. Finally, the students will actively work to produce financial data to base decisions on when it comes to the optimizations and changes of processes through investments.

Tuition

Lectures, workshop, exercise-sessions and group work. Attendance at course moment that is part of an examination is mandatory.

Specific requirements

20 hp within the subject "industrial engineering and management" and 7,5 hp within the subject "other subjects within technology" or comparable.

Examination

Assignment (INL1), 2 credits, grade Passed (G) (Learning outcomes: 1, 4, 5)
Group project (GRU1), 3 credits, grade Passed (G) (Learning outcomes: 2, 3, 6)
Examination (TEN1), 2,5 credits, grades Excellent (A), Very good (B), Good (C), Satisfactory (D), Sufficient (E), Insufficient (F) (Learning outcomes: 1, 2, 3, 4, 5)

A student who has a certificate from MDU regarding a disability has the opportunity to submit a request for supportive measures during written examinations or other forms of examination, in accordance with the Rules and Regulations for Examinations at First-cycle and Second-cycle Level at Mälardalen University (2020/1655). It is the examiner who takes decisions on any supportive measures, based on what kind of certificate is issued, and in that case which measures are to be applied.

Suspicions of attempting to deceive in examinations (cheating) are reported to the Vice-Chancellor, in accordance with the Higher Education Ordinance, and are examined by the University’s Disciplinary Board. If the Disciplinary Board considers the student to be guilty of a disciplinary offence, the Board will take a decision on disciplinary action, which will be a warning or suspension.

Grade

Excellent, Very good, Good, Satisfactory, Sufficient, Insufficient, complementary work possible, Insufficient