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80175 Engineering Economy
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Danish title: Teknisk økonomi
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Language: Danish
Credit points: 5 |
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| Type: | Open University
Language: Danish |
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Previous course: C8375
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No credit points with: C8533/85231/C8375
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Recommended semester: 1st - 4th semester
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Scope and form: 2 lectures modules and 2 hours of exercises (problem solving).
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Examination: Written exam (13-scale)
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Remarks: By passing the courses 83472, 83174 and 83175 is gained exemption from the subject "Business Economics" at the first part of the HD-study at the Copenhagen School of Business.
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| Contact person: | Johan Vesterager, Building 423, Tel. +45 4525 4454, email jve@ipt.dtu.dk
Aage U Michelsen, Building 423, Tel. +45 4525 4401, email aagem@ipv.dtu.dk |
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Department: Institut for Procesteknik
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Aim: The aim is to give participants a basic understanding of how market economy controls the choise or development of products, production methods, raw materials, labour, etc. of private enterprises with focus on manufacturing industry. With this aim participants are qualified, 1) to carry out economic calculations and assessments by obtaining basic knowledge of concepts, models and methods of engineering economy, 2) to identify, analyse and solve typical technical-economic problems and to evaluate resulting solutions.
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Contents: Definition of the discipline engineering economy considering the social (macro) as well as the single company (micro) level. Basic engineering economy concepts and models in the areas of 1) production theory (the possible or potential production methods), 2) theory of costs and marketing (the relations between enterprise and markets), 3) theory of optimisation (the selection of plans for production), 4) theory of investment (the evaluation of long-term decisions) and 5) cost accounting/calculation (imputed costs, cost distribution). This includes a discussion of partial and total models, the planning and decision making process, general problems of engineering economy, and model and method premises. In order to illustrate by example, the solution of typical engineering economy problems is part of the lectures on the topics 1 to 5.
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