Operational and Financial Managemet

Објавено: October 12, 2018
  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

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.
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