Industrial Management

Code:

EM0040

Acronym:

GE

Keywords
Classification	Keyword
OFICIAL	Management

Instance: 2019/2020 - 2S

Active?	Yes
Responsible unit:	Department of Industrial Engineering and Management
Course/CS Responsible:	Master in Mechanical Engineering

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIEM	126	Syllabus since 2006/2007	4	-	6	71,5	162

Teaching language

Portuguese

Objectives

Specific objectives: 

The main objective of this course is to develop skills for solving some operations management problems through appropriated models application.

Students will understand also the basics of financial mathematics, accounting and financial statements analysis. 

 

 

Learning outcomes and competences

It is expected that students at the end of this course:

1.Will be able to analyze operations management problems and to choose the appropriated models to solve them.

2. Will understand the basics of financial mathematics knowing how to apply them to choose alternative financial instruments.

3. Will be able to read and understand accounting information and to analyze financial statements.

4. Will be able to understand the impact of financial decisions.

Working method

Presencial

Program

Part I: 

1. Forecasting: regression; simple and moving averages; exponential smoothing. 

2. Inventory Control: economic order quantity; deterministic and stochastic models. 

3. Statistics Quality Control: Introduction. Choosing a sampling plan. Single sampling. Double sampling. Sequential sampling. Inspection by measurement. Quality control charts. 

4. Production Planning: production to order; lot production; line balancing. 

 

Part II: 

1. Financial Mathematics 

1.1. Interest; 

1.2. Capitalization and discount. 

2. Financial Analysis 

2.1. Understanding financial statements; 

2.2. Using financial statements to make decisions. 

Mandatory literature

Bernardo Calafate Vasconcelos; Textos Policopiados
Manuel Pina Marques; Documentação de apoio a Gestão de Empresas: Slides das aulas teóricas e coletânea de problemas, 2012
Neves, João Carvalho das; Análise financeira . ISBN: ISBN: 972-47-0008-9
Matias, Rogério; ; Cálculo Financeiro - Teoria e Prática , Escolar Editora , 2004. ISBN: ISBN: 972-592-176-3

Complementary Bibliography

Terry Hill ; Production /Operations Management, Prentice Hall International
Makridakis, Spyros; Forecasting. ISBN: 0-471-53233-9
José António Cardoso Moreira; Análise financeira de empresas. ISBN: 972-8362-12-9
Ray Wild ; Production and Operations Management, Holt, Rinehart and Winston
Jacobs, Chase, Aquilano; Operations & Supply Management, McGraw-Hill. ISBN: 978-0-07-128804-0
Juran, J. M.; Quality planning and analysis. ISBN: 0-07-099385-8

Teaching methods and learning activities

Theoretical classes: presentation of the themes of the course illustrated by cases, examples and  problems

Practice classes: Students can clarify possible doubts about problems and homework

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	50,00
Participação presencial	15,00
Teste	35,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	85,00
Frequência das aulas	77,00
Total:	162,00

Eligibility for exams

General Evaluation Rules of FEUP.

Calculation formula of final grade

Mark of Part I of the program will be calculated as follows: - Exercises performed in practice  classes: 30% weight in the mark of Part I of the program (or 15% in the final mark) - Mini-test, held in April: 70% weight in the mark of Part I of the program (or 35% in the final mark).

Mark of Part II of the program will be obtained in the Final Exam (Part II dealing only program) to be held at the Time of Exam: 100% weight in the mark of Part II of the program (or 50% in the final mark) .

Students have to reach a minimum grade of 40% in each part of the syllabus (Part I and Part II).

Examinations or Special Assignments

Students must solve 4 short exercises during practice classes relating to Part I of the program. The best 3 out 4 marks obtained by the student will give the final mark in in this evaluation component.

Classification improvement

The improvement of the final / distributed mark will be subject to a special exam