Economics and Manufacturing Management

Appendix 1

Course: Economics and Manufacturing Management

Programme Summary

Major: 13.04.01 Thermal Power Engineering and Thermal Technology

Degree: Master

Course units:

  • Unit 1. The concept and the activity of a business enterprise in the market economy.
  • Unit 2. The basics of cost management in industry.
  • Unit 3. The place of thermal power in the process flow of a steel making company. New maintenance planning technologies.
  • Unit 4. Production management. Maximizing profits.
  • Unit 5. Innovations management within a company. Sources of project financing. Sustainable borrowing. Assessment of innovation project related risks.
  • Unit 6. Assessment of revamping and diversification projects performance.
  • Unit 7. Business planning. The innovative project concept and the business planning stages: the definition of goals and strategies; feasibility study; search for investors; generation of cash flows; risk and performance assessment.

Course contents:

  • Unit 1. The concept and the activity of a business enterprise in the market economy.
  • Unit 2. The basics of cost management in industry.
  • Unit 3. The place of thermal power in the process flow of a steel making company. New maintenance planning technologies.
  • Unit 4. Production management. Maximizing profits.
  • Unit 5. Innovations management within a company. Sources of project financing. Sustainable borrowing. Assessment of innovation project related risks.
  • Unit 6. Assessment of revamping and diversification projects performance.
  • Unit 7. Business planning. The innovative project concept and the business planning stages: the definition of goals and strategies; feasibility study; search for investors; generation of cash flows; risk and performance assessment.

Activities:

  • Teacher-led group activities in a classroom;
  • Extracurricular self-study of the teacher’s assignments and tasks, including the use of educational facilities (obligatory);
  • Office-hours.

Total hours – 144.

Total points – 4.

Classroom hours – 40.

Unsupervised hours – 104.

Midterm assessment – Examination.

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