Undergraduate Course: Techniques of Management (MAEE08002)
|School||School of Engineering
||College||College of Science and Engineering
|Credit level (Normal year taken)||SCQF Level 8 (Year 2 Undergraduate)
||Availability||Available to all students
|Summary||This is a course in management which may be taken in combination with Industrial Management 1. The course includes tuition on the use of spreadsheets generally and makes use of these in practical sessions to cover, in a 'hands on' manner, topics such as: forecasting, discrete event simulation, simulation analysis, linear programming, budgeting, costing, book-keeping and financial reporting.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| Higher/A-level Mathematics or equivalent.
Information for Visiting Students
|High Demand Course?
Course Delivery Information
|Academic year 2017/18, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 33,
Supervised Practical/Workshop/Studio Hours 20,
Formative Assessment Hours 1,
Summative Assessment Hours 8,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Two assignments (Operations + Finance). 15% Finance Assignment + 15% Operations Assignment + 70% Final Examination.
In order to pass the course students must attain an overall mark of at least 40% AND a minimum of 40% in each of the examination and (combined) assignment components, and satisfactorily complete all main practicals.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
|Resit Exam Diet (August)||2:00|
| On completion of the course students should be able to:
Operate a windows-based spreadsheet (Excel) and execute standard file, print and housekeeping functions.
Create Excel spreadsheets and be familiar with all functions contained in the standard toolbar, including graphical presentation.
Prepare a basic cash book with VAT and expenditure analysis, and reconcile this to the bank statement.
Understand the main forms of business entity, the financial reports produced by each and prepare a simple profit and loss account.
Recognise the difference between fixed and variable costs and understand the concept of the break-even point.
Prepare a simple budget and cash flow forecast for a business.
Appreciate use of decision trees and variance analysis
Understand the problems in forecasting, apply some common practical techniques and select the most appropriate technique.
Carry out a forecast using a variety of time series methods and appreciate the problems in using real data.
Apply the process of Monte Carlo simulation to problems which would be difficult to solve using conventional techniques.
Understand the concepts involved in discrete event simulation and implement a simulation model of an operational system.
Formulate and solve a resource allocation problem using the graphical approach of linear programming and the Excel Solver.
OM3, Collier and Evans (South Western Educational Publishing)
Accounting for Non-Accounting Students, Dyson (Pitman Publishing).
Copies of this book are held on reserve in the Noreen and Kenneth Murray Library (Murray Library) at King's Buildings and is also available on other University libraries.
Excel 2007 for Scientists and Engineers Dr Gerard Verschuuren.
Excel 2010 for Dummies, Greg Harvey (John Wiley & Sons Inc).
Most books available on Financial and Operations Management include the material covered in the course. Several texts are available in the University Libraries.
|Graduate Attributes and Skills
|Course organiser||Mr Stephen Warrington
Tel: (0131 6)50 5672
|Course secretary||Mrs Shona Barnet
Tel: (0131 6)51 7715