Economics and Business Management
FSI-5EMAcad. year: 2019/2020
The subject covers the knowledge need in the mechanical production area. It provides the basic economic elements and helps to understand basic economic production relationships. The subject is focused on the fundamental information in the business economy area ( e.g. company profit, demand, costs, calculations, production capacity, budgeting basics etc ). It includes also network analysis principles, market power, multi-criteria decision making and strategic planning.
Learning outcomes of the course unit
The students get theoretical knowledge in the production company economy and production management basics. Students should be able to prepare basic technical-economic calculations and apply the knowledge for production management processes.
General mathematics knowledge at the level of FME courses. Basic knowledge of differential and integral calculus.
Recommended optional programme components
Recommended or required reading
PINEDO, Michael L. Planning and Scheduling in Manufacturing and Services. New York, USA : Springer, 2005. 506. ISBN: 0-387-22198-0. (EN)
ASKIN, Donald G., GOLDBERG, Jeffrey B. Design and analysis of lean production systems. The University of Arizona : John Eley and Sons, 2002. 533. ISBN: 0-471-11593-2. (EN)
KOTLER, Philip a Kevin Lane KELLER. Marketing management. [4. vyd.]. Praha: Grada, 2013. ISBN 978-80-247-4150-5. (CS)
MAIMON, O., KHMELNITSKY, E., KOGAN, K. Optimal flow control in manufacturing systems (Production Planning and Scheduling). The Netherlands : Kluwer Academic Publisher, 1998. 346. ISBN: 0-7923-5106-1. (EN)
HARRISON, D.K., PETTY, D.J. Systems for Planning and Control in Manufacturing. Oxford : Butterworth, Heinemann, 2002. 295. ISBN: 0-7506-4977-1. (EN)
Planned learning activities and teaching methods
The course includes the lectures that cover basic principles and theory of the subject. Course also includes the exercises that are focused on practical use of the theory knowledge. Students prepare practical examples joined with actual business practice.
Assesment methods and criteria linked to learning outcomes
Conditions for obtaining credit:
100% attendance to practice
Test includes 15 test questions (max. 15 points).
Calculation part includes 3 examples (max. 15 points).
27 points or more - A;
:26-23 points - B;
22-19 points - C;
18-17 points - D;
16 points - E
Language of instruction
The aim of the subject is to provide knowledge about the business functioning and production management from economic and managerial point of view.
Specification of controlled education, way of implementation and compensation for absences
Participation in the seminars is mandatory. In seminars activity and basic knowledge is evaluated.
Type of course unit
26 hours, optionally
Teacher / Lecturer
26 hours, compulsory
Teacher / Lecturer