Industrial Economics and Management

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Presentation of fundamental concepts with the aid of Powerpoint, videos and case studies;

Development, presentation and discussion of group work;

Resolution with guidance of practical exercises.

Provide an overview of organizations and management in the context of today’s societies. Understand the main functions of Operations Management in order to integrate them from the perspective of the product, the process and the flow of goods. Understand the problems associated with the various functions of Operations Management, namely aspects related to the organization, production planning and project planning and coordination. Understand the concepts, methods and criteria for the preparation and disclosure of standardized accounting information. Understand the relevance of Management Accounting in supporting decision making in the current business environment. Understand how the cost of products and services is determined, and how this information can be used by managers to make decisions. Understand, analyze and use methodologies, techniques and models of financial management assessment. Understand economic and financial investment decisions.

I. Introduction to Management, Accounting and Investment Analysis

1. Commercial Companies

Scope of application. Personality and ability. Articles of association. Private limited companies. Anonymous society. Individual entrepreneurs.

2. Company policy

Business and Marketing Strategy. Human resource management, leadership and motivation. Internationalization.

3. Financial and Management Accounting

Financial flows in business activity. General accounting functions, divisions and principles. Accounting Standardization. Notion. Advantages and disadvantages. Accounting Standardization in Portugal. The Accounting Standardization System (SNC). Study of the SNC Accounts. Elements of the Financial Statements within the scope of the SNC. Swing. Income Statement by Nature. Income Statement by Function. Statement of Changes in Equity. Statement of Cash Flows. Attachment. Principles of Financial Management. The company’s main profitability concepts. Cost-volume-results relations. Critical point. Ratios.

4. Business Plan and Economic investment decision

Analysis of the environment. Company analysis. Strategic analysis. Businesses as economic units. Marketing. Essential economic parameters. Means freed from investments. Maps of the financial flows of investments. Economic decision evaluation methods – Net Present Value (VAL), Internal Rate of Return (IRR), Investment Recovery Period (Pay-Back).

II. Operations Management

5. Principles of Operations Management

Strategy. Design of Products and Services. Location and Implementation of the means of production. Implementation: Importance of the study; Several aspects of the problem; Circulation of materials; Movement of people; Staff savings; Quality of work; Work conditions; Direction and control facilities; Construction and installation cost; Ease of conservation; Possible expansion. Implantation of the workshops: Different types of implantation; Deployment depending on the type of industry; Implementation according to the organization of production; Functional deployment; Chain deployment. Line production; Products at a fixed station; Assembly line at fixed stations; Work method in the study of the implementation of workshops; Analyze; Search for a solution; Calculation of implantation surfaces; Chain method; Fictitious ranges method; Use of scale models; Study of a chain implantation; Calculation of saturation and balance of stations; Calculation of the chain rhythm; Calculation of intermediate stocks; Study of material means. Implementation of warehouses: Work method for the study of the implementation of warehouses; Ordering methods in warehouses; Examples of ordination plans; Storage materials; Outside warehouses. Aggregate planning.

6. Project Planning and Management

Project management. Creation, evaluation and selection of projects. Phases of a project. Project organization: management structure; documents and information flows; progress and control reports. Project networks. Planning and control: times, resources and costs. The PERT. Gantt and load diagrams. The CPM method.

7. Materials Management

Stock classification models. Components of stock management models. Deterministic models (instantaneous / non-instantaneous replacement, with / without breakage allowed). Stochastic models (order level and cyclical revision policies). Global and partial optimization models. Demand forecasting methods. Time series. Forecasting techniques for constant level models, linear trend, constant level with seasonal effects. Linear regression. Nonlinear regression. Demand-dependent stock management (MRP).

NAO

• ALMEIDA, Filipe Jorge Ribeiro de, (2016). Introdução à gestão de organizações (4ª ed.). Lisboa: Escolar Editora;
• MITHÁ, Omar, (2009). Análise de projectos de investimento. Lisboa: Escolar Editora;
• BORGES, António, RODRIGUES, Azevedo, RODRIGUES, Rogério (2007). Elementos de contabilidade geral (24ª ed). Lisboa: Áreas Editora;
• CHASE, Richard B., AQUILANO, Nicholas J. (1995). Gestão da produção e das operações: Perspectivas do ciclo de vida (1ª edição). Lisboa: Monitor;
• MENEZES, Helder Caldeira (1996). Princípios de gestão financeira (6ª ed). Lisboa: Editorial Presença.