Industrial Management

Code:

EM0040

Acronym:

GE

Keywords
Classification	Keyword
OFICIAL	Management

Instance: 2011/2012 - 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	127	Syllabus since 2006/2007	4	-	6	84	160

Teaching language

Portuguese

Objectives

This course aims to give a basic knowledge on accountability and financial analysis, as well as to acquaint students with the application of models of analysis and relevant operational decisions to a productive chain in industrial companies.

By the end of the semester, students should:
1. be capable of analysing and solving decision making problems that involve industrial operations, through the application of models that have been present during the course;
2. be able to understand how the main instruments of financial mathematics work;
3. be capable of assessing an economic and financial situation (in general) of a company;
4. be capable of assessing the impact of different management decisions in an economic and financial situation of a company;

Program

Part 1:
1. Forecasting methods: regression, simple moving average, exponential smoothing
2. Stock management: stock costs; economic order quantity; norms of replacement of goods (continuous and periodical revision); stochastic models
3. Quality control: reception control; manufacturing control
4. Manufacturing planning: make-to-order production. Mass production. MRP (Manufacturing Resource Planning) method. JIT (Just in time) system. Continuous manufacturing planning

Part 2:
1. Main concepts of financial mathematics
1.1 Interest (rate)
1.2 Capitalization and actualization
2. Economic and financial analysis
2.1 Reading comprehension of accounting sheets
2.2 Assessment of an economic and financial situation of a company

Mandatory literature

Matias, Rogério; ; Cálculo Financeiro - Teoria e Prática , Escolar Editora , 2004. ISBN: ISBN: 972-592-176-3
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
Neves, João Carvalho das; Análise financeira . ISBN: ISBN: 972-47-0008-9
Bernardo Calafate Vasconcelos; Textos Policopiados
Bernardo Calafate Vasconcelos; Textos Policopiados

Complementary Bibliography

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

Teaching methods and learning activities

Theoretical classes: presentation of the theoretical notions related with the different themes of the course, using practical examples.
Practical classes: problem solving and case analysis

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Attendance (estimated)	Participação presencial	84,00
Exam	Exame	20,00
	Total:	-	0,00

Amount of time allocated to each course unit

Description	Type	Time (hours)	End date
Self study	Estudo autónomo	60
	Total:	60,00

Calculation formula of final grade

Each of the parts of the program (Part I and Part II) will have a weight of 50% in the final grade.

The grade of Part I of the program will be calculated as follows:
- Problems to assessment carried out in class: 30% weight in the grade of Part I of the program;
- Test, at the midterm: 70% weight in the grade of Part I of the program.

The grade of Part II of the program will be obtained in the
- Final exam at the end of the semester. It will cover only the second part of the program: 100% weight in the grade of Part II of the program. Part II of the program:


Appeal Exam can either cover the whole program, or just one part of it, depending on the students’ choice. If the student wishes to appeal the grade that he obtained for the continuous component of the evaluation (Part I of the program), he must to undergo a special test for this purpose. Otherwise, the grade obtained previously in the continuous component of the evaluation (Part I of the program) will be considered for final grade.


To pass the course students should be met:
- Obtain a minimum grade of 40% for the midterm test, concerning the Part I of the program;
- Obtain a minimum grade of 40% in assessment problems for Part I of the program carried out in practical classes;
- Obtain a minimum grade of 40% in each of the parts of the program (Part I and Part II).

Special assessment (TE, DA, ...)

Final Exam

Classification improvement

Final Exam