Performance measurement and development of productionLaajuus (5 cr)
Code: TX00FD52
Credits
5 op
Objective
On completion of the course, the student will be familiar with the major indicators and ways to measure production, as well as their interaction with the overall performance of the company.
The student will be able to implement or choose the correct indicators to analyse production, and use them in decision-making.
The student knows and is able to use different production development methods.
The student will be familiar with the various methods of cost accounting, and able to use them in production decision-making
Content
1. Key terminology in production
2. Performance measurement systems, implementation and applications in production
3. Production measurement
4. Production development methods
5. Cost accounting methods and applications
6. Investment calculations
Assessment criteria, satisfactory (1)
The student knows the basic concepts of production measurement and development. The student knows the principles of cost accounting and investment calculations.
Assessment criteria, good (3)
The student knows the basic concepts of production measurement, and knows how to choose the right indicators to measure production.
The student knows different methods of production development.
The student knows the different methods of cost accounting and investment calculations, and can apply them to production optimization.
Assessment criteria, excellent (5)
The student knows the concepts of production measurement and is able to choose or build the right indicators to measure the production, as well as to take advantage of them in decision-making.
The student masters the different methods of production development
The student knows the different methods of cost accounting and investment calculations and is able to apply them to production development as well as to take advantage of them in decision-making.
Assessment criteria, approved/failed
The student knows the basic concepts of production measurement and development. The student knows the principles of cost accounting and investment calculations.