OVERVIEW

The main training objective of the course of Economics of Production Processes is the learning by students of the fundamental concepts of economy and business organization, through which they can use in the future professional life the scientific knowledge acquired, applying them in the context of industrial production system.

AIMS AND CONTENT

LEARNING OUTCOMES

"The main training objective of the course of Economics of Production Processes is the learning by students of the fundamental concepts of economy and business organization, through which they can use in the future professional life the scientific knowledge acquired, applying them in the context of industrial production system. "

AIMS AND LEARNING OUTCOMES

Expected learning outcomes:
a) Evaluation of the economic and financial information of a company
b) Evaluation of investment projects
c) Monitoring and management of industrial projects

PREREQUISITES

Basic knowledge of Calculus.

TEACHING METHODS

Academic lectures.

SYLLABUS/CONTENT

A) The business system
(i) Legal structure and technological-organizational structure
 Shareholders, Board of Directors, Management, Governance
 Analysis of the activities of a company
(ii) Fini of the company
 Maximization of economic value
 The policy of social responsibility
B) Determination of the production level
(i) Evaluation of the application
(ii) Cost analysis
 Standardization, standardization and modularity
 Economies of scale and economies of learning
 Fixed, variable and total costs
 Determination of the break-even point and analysis of elasticity
 Cost estimation in the process industry
C) The logic of choices in production companies
(i) Criteria and funding restrictions
 Financial documents of companies
 Growth strategies
(ii) Investment theory and technological innovation
 Definition of Net Present Value, Discounted Cash Flow and Return on Investment
 Evaluation of risk and uncertainty
D) The environment business relationship
(i) Environmental externalities
 Examples of allocation of scarce natural assets
 Constraints on pollution level: command-and-control legislation and negotiable rights of
emission
(ii) Cost-Benefit Analysis
E) Project management
(i) Monitoring techniques of results and budget
(ii) Quantitative tools: linear programming
 Simplex method
 Branch & Bound method for integer problems

RECOMMENDED READING/BIBLIOGRAPHY

G. Azzone e U. Bertelé – L’impresa- Sistemi di governo, valutazione e controllo- 5 a Ed. –Rizzoli
Etas, 2011
M. Peters,K. Timmerhaus andRonald West - Plant Design and Economics for Chemical Engineers-
5 a Ed. –McGraw-Hill Education, 2000

Presentations handouts.

TEACHERS AND EXAM BOARD

Exam Board

VINCENZO DOVI' (President)

PAOLO MORETTI

ALBERTO SERVIDA

LESSONS

LESSONS START

27/2/2018

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

Final oral exam

ASSESSMENT METHODS

2 written tests for the verification of learning.

Exam schedule

FURTHER INFORMATION

The entire program will be presented in the lectures. The notes for each lesson will be available in slide collections .