Management and Еngineering Еconomy

Последна измена: March 30, 2023
1. Course Title Management and Engineering Economy
2. Code 4ФЕИТ04Л011
3. Study program ЕЕПМ
4. Organizer of the study program (unit, institute, department) Faculty of Electrical Engineering and Information Technologies
5. Degree (first, second, third cycle) First cycle
6. Academic year/semester II/4 7. Number of ECTS credits 6
8. Lecturer D-r Atanas Iliev
9. Course Prerequisites Passed: Mathematics 1
10. Course Goals (acquired competencies): Acquiring knowledge and skills for managerial techniques and skills necessary for creating and leading engineering projects and successful business. Obtaining knowledge about the engineering economy and economic analyses about criteria for valuation of engineering projects as an investment
11. Course Syllabus: Historical development and schools of management. Basic principle of management. Contemporary directions in the development of engineering management. Analysis of the American and Japanese management styles. Basic management functions: planning, organizing, staffing, decision-making and control. Mathematical methods and techniques applied in management: linear programming, network planning (CPM. PERT, PDM). Predictive methods. Methods to support the decision-making process. Leadership, communication, motivation and conflict resolution in engineering projects. Basics of Engineering Economics. Types of interest rates. Definition and calculation of annuity. and cash flows. Depreciation and residual value, Methods for economic evaluation of engineering projects (NPV, BCR, IRR). Stock and inventory models – Just in time. Ethics in engineering projects.
12. Learning methods: Lectures supported by presentations, interactive lectures, auditory exercises with solving practical examples, individual homeworks.
13. Total number of course hours 3 + 2 + 0 + 0
14. Distribution of course hours 180
15. Forms of teaching 15.1. Lectures-theoretical teaching 45
15.2. Exercises (laboratory, practice classes), seminars, teamwork 30
16. Other course activities 16.1. Projects, seminar papers 10
16.2. Individual tasks 10
16.3. Homework and self-learning 85
17. Grading 17.1. Exams 30
17.2. Seminar work/project (presentation: written and oral) 0
17.3. Activity and participation 10
17.4. Final exam 60
18. Grading criteria (points) up to 50 points 5 (five) (F)
from 51to 60 points 6 (six) (E)
from 61to 70 points 7 (seven) (D)
from 71to 80 points 8 (eight) (C)
from 81to 90 points 9 (nine) (B)
from 91to 100 points 10 (ten) (A)
19. Conditions for acquiring teacher’s signature and for taking final exam Regular attendance on lectures and completion of the homeworks, laboratory exercises and project assignments
20. Forms of assessment Through two partial written exams (duration of 2 hours each) or a final written exam on the whole teaching material (duration 2 hours). The points from the partial exams/final exam are included in the final grade.
It is not allowed to use books, scripts, manuscripts or notes of any kind, mobile phone, tablet or any other electronic device during the exam.Written and oral exam
21. Language Macedonian and English
22. Method of monitoring of teaching quality Internal evaluations and surveys
23. Literature
23.1. Required Literature
No. Author Title Publisher Year
1 Atanas Iliev Management and Engineering Economy – for internal use FEEIT – Skopje 2019
2 E. Brigham, J. Houston Fundamentals of Financial Management Cengage Learning 2015
3 Ted G. Eschenbach Engeenering Economy Applying Theory to Practice Oxford Univesity Press 2009
23.2. Additional Literature
No. Author Title Publisher Year
1 B. Stavric, M. Stamatovic, G. Kokeza Management for engineers Akademic Press – Beograd 2003
2 Bobek Suklev Management Faculty of Economy – Skopje -2015
3 Krajewski, Ritzman, Malhorta Оperation managemet – process and value chain Ars Lamina 2009