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TIØ4505 - Managerial Economics and Operations Research, Specialization Course

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours C

Course content

This course covers methods and theory for coordination and control of companies and company networks. Economical incentives are discussed in connection with planning models. The course will focus on economical analyzes of relations between companies that cooperate, network economy and treatment of uncertainty. Furthermore, formulating and structuring complex and large optimization problems will be emphasized. Also, different advanced solution methods for mixed integer problems will be covered. Applications of optimization and decision support from industry and public sector will be presented. Advanced use of commercial optimization software will be focused. Finally, the course covers research methodologies useful for the course TIØ4500 Managerial Economics and Operations Research, Specialization Project.

Learning outcome

The position and function of the course in the study program: This course is one of several specialization courses of which all MTIØT students need to choose one in their 9th semester. This course is an important course to fulfill learning objective 4.2, in the detailed list of learning objectives for MTIØT The course will convey the following knowledge: - Methods for planning flow of goods and information in value chains - The effect of different auction forms in value chain cooperation - Use of game theory in economic analyses - Formulation of complex optimization problems The course will develop the student's skills such they are able to: - Formulate models for analysing value chains that their organization participate in - Formulate and structure different real planning problems as optimization problems - Understand and argue about the best solution method to use for a given real problem - Implement real optimization models by use of commercial optimization software - Do game theoretic analyses of planning problems in their organization - Analyse scientific texts - Structure and write a scientific report including a scientific literature study - Design and perform an experimental study within Operations Research Other important learning objectives: - Convey general knowledge about economic analyses and practical optimization connected to planning problems with both economical and technical aspects - Convey basic knowledge to be able to communicate reasonably well both with business people and engineers about combined business and technical problems.

Learning methods and activities

The course consists of lectures and seminars.

Further on evaluation

If there is a re-sit examination, the examination form may be changed from written to oral.

Required previous knowledge

The students must take TIØ4500 Managerial Economics and Operations Research, Specialization Project at the same time as they take this course. Each student need to have the following courses taken in the fourth year: TIØ4130 Optimization Methods, TIØ4150 Industrial Optimization and TIØ4285 Production- and Network Economics.

Course materials

Will be given at course start

Credit reductions

Course code Reduction From To
TIØ4705 7.5 AUTUMN 2007
More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Second degree level

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: Norwegian

Location: Trondheim

Subject area(s)
  • Industrial Economics and Technology Management
  • MSc-level Engineering and Architecture
Contact information

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C 2023-12-01 09:00 INSPERA
Room Building Number of candidates
SL321 Sluppenvegen 14 1
SL274 Sluppenvegen 14 1
SL120 blå sone Sluppenvegen 14 2
SL410 blå sone Sluppenvegen 14 48
Summer UTS School exam 100/100 C INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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