Industrial Management

Code:

EM0040

Acronym:

GE

Keywords
Classification	Keyword
OFICIAL	Management

Instance: 2007/2008 - 2S

Active?	Yes
Responsible unit:	Industrial Management and Engineering Section
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
LEM	0	Plano de estudos de transição para 2006/07	4	6	6	84	160
MIEM	149	Syllabus since 2006/2007	4	-	6	84	160
		Plano de estudos de transição para 2006/07	4	-	6	84	160

Teaching language

Portuguese

Objectives

BACKGROUND:
Corporate Finance and Financial Analysis are technical skills that are required in order to succeed in each and every area of any management career.
As they advance in their future, our current students will have management responsibilities in Departments, Business Units and even Corporations, for which they will have to deal with Profit & Loss Accounts, Balance Sheets and Cash-Flow Statements. Being resource managers, the full understanding of the value creation or destruction mechanisms resulting from future and past decisions is a fundamental skill students will have to master.
For that purpose, the understanding of the main principles and the mechanics of Financial Management and Analysis is fundamental for their professional development.

SPECIFIC AIMS:
The Part I of the course aims to provide students with the elementary accountancy and financial management knowledge they need to support management decisions they will face in their professional future.
The Part II of the course aims to provide students with knowledge about Operations Management concepts and techniques.

PREVIOUS KNOWLEDGE:
Basic knowledge in Matematics and Statistics

PERCENTUAL DISTRIBUTION:
Scientific component: 70%
Technological component: 30%

LEARNING OUTCOMES:
At the end of this course students are supposed to be able to:
1. Give an opinion about the financial and economical position of a company.
2. Evaluate the financial impact of different kinds of management decisions.
3. Understand the main instruments of financial mathematics.
4. Analyse and solve Operations Management problems, using the different techniques presented in this course.

Program

Part I:
1. Financial Analysis
1.1. Understanding financial maps;
1.2. Giving an opinion about a firm’s financial health;
2. Financial Mathematics
2.1. Interest;
2.2. Capitalization and discount.

Part II:
Forecasting: regression, simple and moving averages, exponential smoothing.
Inventory Control: economic order quantity, deterministic and stochastic models.
Statistics Quality Control: Introduction. Choosing a sampling plan. Single sampling. Double sampling. Sequential sampling. Inspection by measurement. Quality control charts.
Maintenance: maintenance policies, optimal equipment replacement period and optimal number of spare equipments.
Production Planning: production to order, lot production, line balancing.

Mandatory literature

Matias, Rogério; ; Cálculo Financeiro - Teoria e Prática , Escolar Editora , 2004. ISBN: ISBN: 972-592-176-3
Neves, João Carvalho das; Análise financeira . ISBN: ISBN: 972-47-0008-9
Borges, António; Elementos de contabilidade geral. ISBN: 972-8472-14-5
Bernardo Calafate Vasconcelos; Textos Policopiados

Complementary Bibliography

Cadilhe; Matemática financeira aplicada
Makridakis, Spyros; Forecasting. ISBN: 0-471-53233-9
Ray Wild ; Production and Operations Management, Holt, Rinehart and Winston
Terry Hill ; Production /Operations Management, Prentice Hall International
Juran, J. M.; Quality planning and analysis. ISBN: 0-07-099385-8
Chase, Richard B.; Operations management for competitive advantage. ISBN: 0-07-121555-7

Teaching methods and learning activities

The concepts and techniques are presented to the students and they must solve practical problems and cases study during practical classes.

Evaluation Type

Evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Subject Classes	Participação presencial	84,00
	Total:	-	0,00

Amount of time allocated to each course unit

Description	Type	Time (hours)	End date
Study	Estudo autónomo	78
	Total:	78,00

Eligibility for exams

Students must attend to a miminum number of classes.
Students must have at least 50% in each one of the parts.

Students can repeat the final exam only of one part of the progra, if they want so.

Calculation formula of final grade

Final exam (100% of classification)

Special assessment (TE, DA, ...)

Final exam (100% of classification)

Classification improvement

Final exam (100% of classification)