Operational and Financial Managemet

Објавено: October 12, 2018

Operational and Financial Managemet

Course title: Operational and Financial Managemet

Code: 3ФЕИТ04Л015

Number of credits (ECTS): 6

Weekly number of classes: 3+2+0+0

Prerequisite for enrollment of the subject: None

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.

Total available number of classes: 180

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.

Required Literature

No.

Author

Title

Publisher

Year

1

P.  Lewis, S. Goodman, P. Fandt, J. MisclitschManagement – Challenges for Tomorrow’s LeadersTomson South West -High Education2007

2

E. Brigham, J. HoustonFundamentals of Financial ManagementCengage Learning2015

3

L. Krajewski, L. Ritzman, M. MalhotraОperation managemet – process and value chainProject of the Roverment of the Republic of Macedonia2009

Additional Literature

No.

Author

Title

Publisher

Year

1

E. HelfertFinancial Analyses Tools and Techniques –McGraw Hill2001