1. Course Title | Operational and financial managemet | |||||||
2. Code | 3ФЕИТ04Л015 | |||||||
3. Study program | EEUM | |||||||
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 | III/6 | 7. Number of ECTS credits | 6.00 | |||||
8. Lecturer | Dr Atanas Iliev | |||||||
9. Course Prerequisites | ||||||||
10. Course Goals (acquired competencies): Acquiring knowledge and skills for successful realization of operations as an important part of the production process, their improvement and creation of added value. Acquiring knowledge for understanding the financial aspects of the operational and bussines processes, the financial environment and the methods for financial analysis |
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11. Course Syllabus: Challenges in Operational and Financial Management. Value chains.System approach in process analysis. Decisions making in terms of risk and uncertainty. Control and tools for managing the processes. Change management. Toyota’s production system. Just in Time inventory management system. Predicting systems. Analysis of time series. Delphi and Scenario Method. Planning of resources – ERP systems. Basic functions and principles of financial management and their engineering application. Diversification of financial risk, Portfolio approach. Projections of Cash Flow. Criteria for accepting technical projects as an investment. Sensitivity analysis. |
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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 | 30 | ||||||
16.2. Individual tasks | 30 | |||||||
16.3. Homework and self-learning | 45 | |||||||
17. Grading | 17.1. Exams | 25 | ||||||
17.2. Seminar work/project (presentation: written and oral) | 25 | |||||||
17.3. Activity and participation | 10 | |||||||
17.4. Final exam | 40 | |||||||
18. Grading criteria (points) | up to 50 points | 5 (five) (F) | ||||||
from 51 to 60 points | 6 (six) (E) | |||||||
from 61 to 70 points | 7 (seven) (D) | |||||||
from 71 to 80 points | 8 (eight) (C) | |||||||
from 81 to 90 points | 9 (nine) (B) | |||||||
from 91 to 100 points | 10 (ten) (A) | |||||||
19. Conditions for acquiring teacher’s signature and for taking final exam | Regular attendance on lectures and completition of homework and project assignments | |||||||
20. Language | Macedonian and English | |||||||
21. Method of monitoring of teaching quality | Internal evaluations and surveys | |||||||
22. Literature | ||||||||
22.1. Required Literature | ||||||||
No. | Author | Title | Publisher | Year | ||||
1 | P. Lewis, S. Goodman, P. Fandt, J. Misclitsch | Management – Challenges for Tomorrow’s Leaders | Tomson South West -High Education | 2007 | ||||
2 | E. Brigham, J. Houston | Fundamentals of Financial Management | Cengage Learning | 2015 | ||||
3 | L. Krajewski, L. Ritzman, M. Malhotra | Оperation managemet – process and value chain | Project of the Roverment of the Republic of Macedonia | 2009 | ||||
22.2. Additional Literature | ||||||||
No. | Author | Title | Publisher | Year | ||||
1 | E. Helfert | Financial Analyses Tools and Techniques – | McGraw Hill | 2001 |