Production theory and economics for automation decisions for managers
The purpose of the course is to provide professionals with valuable knowledge considering automation decisions as it provides you with the tools and concepts needed to make informed and profitable decisions in an increasingly automated work environment. It helps you maximize the benefits of automation while minimizing the risks.
Target group
Decision makers, production leaders and operators.
Content
The course includes the following elements:
Short-term/long-term/marginal costs in production
The production factors labor and capital or combinations of production factors to generate the same amount of output and cost respectively (isocost lines, isoquants)
Substitutability between the production factors labor and capital, i.e. given the same output, can we replace one/several operators with one/several machines/tools (technical substitution ratio)?
Profit planning and analysis (break-even, contribution margin analysis) with a focus on the impact of production development
Investment calculation: capital value, present value, pay-back, internal rate method
Optimal production program with one, two or more narrow sections
Case study: Production Technology in the Wooden Single-Family House Industry – A Case of Reasoning against Automation
Analysis of decision factors before an investment decision
The goal for the course is that you will have the understanding and ability to:
see the difference between short-term, long-term and marginal costs in production
evaluate the interaction between the production factors labor and capital and the consequence of changes between them
have insight into different methods for investment calculation
have insight into the consequences of investments and production efficiencies on the associated cost picture and the critical point
use knowledge and make judgments about varying numbers of narrow sections in production as a basis for decisions to model an optimal production program
have insight into the possibilities and limitations of automation as a basis for decision-making
For more detailed information about the course see:
The teaching consists of lectures and exercises partly on site in Växjö and partly online. If there are mandatory elements, these will be announced at the start of the course at the latest.
Assessment of student performance takes place on an ongoing basis with the help of submissions.
The course is given in Swedish.
The course is free of charge and gives 3 credits.
Entry requirements
Basic qualification at advanced level in mechanical engineering, industrial economics or equivalent. If you have relevant work experience you are also welcome to apply. Two years of relevant work experience is considered equivalent to one year of university studies at bachelor's level. We can validate your competence if necessary.
Schedule
The course is given during week 3-11 year 2024 and between the meetings you will do individual assignments.
