Performance measurement of production and optimization (5 ECTS)

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 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 and optimization
4. Cost accounting methods and applications

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student knows the basic concepts of production measurement and the principles of cost accounting.

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 the different methods of cost accounting, 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 knows the different methods of cost accounting and is able to apply them to production optimization 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 the principles of cost accounting.

Qualifications

Industrial Business