Management and Economics of the Enterprise
| Code | Completion | Credits | Range | Language |
|---|---|---|---|---|
| E381054 | Z,ZK | 4 | 2+2 |
- Lecturer:
- Michal Kavan (gar.)
- Tutor:
- Michal Kavan (gar.)
- Supervisor:
- Department of Management and Economics
- Synopsis:
-
The programme consists of: Management of Change and Economics, Forecasting and Operations Strategy, Design of Work Systems, Total Quality Management and Inventory Control, Material Requirements Planning and Just-In-Time Systems, Logistics and Practical exercises. The study programme has a strong international orientation. The teaching goal is to prepare students for dealing with real-world settings and implementing the most effective up-to-date practices. We aspire to lead in research, and in developing modern concepts and tools.
- Requirements:
-
Requirements for course credit: Attendance, active participation, final test, presentation.
Exam - questions from the textbook.
- Syllabus of lectures:
-
The course is designed to provide engineers with the information and skills necessary to manage a Enterprise. An emphasis will be placed on the necessary steps in planning, operating and evaluating. The topics include:
1. Engineering Economy for Engineering Managers. Productivity, Effectiveness and Efficiency. Innovation and Entrepreneurship. Basic principles of Financial Management. Functions within business organizations. Marketing, Production/Operations, Finance. Other functions. Cost-Profit-Volume or Break-Even Analysis.
2. Marketing. Market-Related Factors. Marketing mix. Marketing management process. Decision-marketing process. Information needs. Overview of Forecasting Methods: forecasting, features common to all forecasting, steps in the forecasting process, accuracy and control. Demonstration Problems.
3. Decision Making: Decision Theory, decision making under uncertainty, decision making under risk.
4. Japanese Influence on Operations Management. Facility Location and Job Design. Facilities Layout. Types of layouts. Cellular manufacturing, grouping technology.
5. Planning for Operations and Capacity. Process selection and Capacity Planning. Computer-aided manufacturing. Design of production systems: manufacturability, standardization.
6. Design of work systems. Specialization. Job rotation. Job enlargement. Different approaches to job design. Flow process charts, worker-machine chart. Motion study.
7. Learning curves and the transportation model. Inventory Management and Purchasing. Economic order quantity models. Determination of reorder point in different models. Shortages and Service Levels. Fixed-order-interval model. Determination of the amount to order.
8.Materials Management and Purchasing. Logistics. Material Requirements Planning. MRP inputs -Master Schedule, Bill of Materials, Inventory records file-, processing and outputs. Safety stock. Lot sizing. Capacity requirements planning. MRP benefits and limitations. MRP II.
9. Operating and controlling the system. Aggregated plan. Disaggregating the aggregated plan. Master Production Schedule (MPS). Just-in-Time Manufacturing Excellence. The Kanban System: characteristics and principles. Converting to JIT systems. Scheduling. Loading. Sequencing.
10. Total Quality Management. Quality management. Dimensions of quality. Characteristics of TQM. Kaizen. Quality function deployment. ISO 9000.
11. Maintenance. Breakdown, preventive and predictive maintenance.
12. Project Management, Network Techniques: PERT and CMP techniques, advantages and limitations.
13. Optimal strategy control. Just-in-time practice.
The presentation.
The study programme has a strong international orientation. The teaching goal is to prepare students for dealing with real-world settings and implementing the most effective up-to-date practices. We aspire to lead in research, and in developing modern concepts and tools.
- Syllabus of tutorials:
-
1. Productivity, Effectiveness and Efficiency. Basic principles of Financial Management. Cost-Profit-Volume, Break-Even Analysis.
2. How to read, analyze, and interpret financial reports. Decision-marketing process.
3. Marketing management process, information needs. Forecasting Methods, demonstration problems.
3. Decision Making: Decision Theory, decision making under uncertainty, decision making under risk.
4. Facility Location and Job Design. Facilities Layout. Types of layouts.
5. Planning for Operations and Capacity. Process selection and Capacity Planning.
6. Design of work systems. Different approaches to job design. Flow process charts, worker-machine chart. Motion study.
7. Inventory Management and Purchasing. Economic order quantity models. Determination of reorder point in different models. Shortages and Service Levels. Fixed-order-interval model.
8.Materials Management and Purchasing. Logistics. Material Requirements Planning.Master Schedule, Bill of Materials, Inventory records file. Lot sizing. Capacity requirements.
9. Aggregated plan. Disaggregating the aggregated plan. Master Production Schedule. Just-in-Time Manufacturing Excellence. The Kanban System. Converting to JIT systems. Scheduling. Loading. Sequencing.
10. Total Quality Management. Quality management. Dimensions of quality. Characteristics of TQM. Kaizen. Quality function deployment. ISO 9000.
11. Maintenance. Breakdown, preventive and predictive maintenance.
12. Project Management, Network Techniques: PERT and CMP techniques, advantages and limitations.
13. Optimal strategy control. Just-in-time practice. The presentation.
- Study Objective:
-
The study programme has a strong international orientation. The teaching goal is to prepare students for dealing with real-world settings and implementing the most effective up-to-date practices. We aspire to lead in research, and in developing modern concepts and tools
- Study materials:
-
1.Kavan, M.: Management Study Guide, ČVUT, Praha, 2006, ISBN 80-01-03444-5.
2.Davis, M.M., Aquilano, N.J., Chase, R.B.: Fundamentals of Operations Management, McGraw-Hill, 1999, ISBN 0-256-225557-5.
3.Blank, L.T., Tarquin, A.J.: Engineering Economy, McGraw-Hill, 1998, ISBN 0-07-063110-7.
- Note:
- Time-table for winter semester 2011/2012:
- Time-table is not available yet
- Time-table for summer semester 2011/2012:
-
06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon Tue Fri Thu Fri - The course is a part of the following study plans: