Industrial and Financial Management

The course is included in the fourth semester of the Bachelor’s Programme in Business and Economics for students whose main field of study is business administration. It is not offered as a freestanding course. The course is open to incoming exchange students. The course consists of two parts: Financial management and Industrial management The focus is on decision-making based on quantitative methods. This is especially relevant regarding efficient use of resources and value creating in firms and other organisations. Basic quantitative methods and models for decision making in the field of industrial and financial management will be used. The financial management part covers the quantitative methods and models for capital budgeting and corporate finance. Value creation is contingent on profitable investments being distinguished and pursued, but the financing of investments is also an important part. Investment and financing are two sides of the same coin, where risk is an essential analysis parameter. Here, the emphasis is on the net present value method and related methods used for evaluating “real” and financial decisions in both the short and the long term. The industrial management part covers quantitative methods and models in operations and supply chain management. Operating activities of firms and organisations create value by efficiently transforming inputs into goods and services. The emphasis is on forecasting methods, linear programming, capacity planning, quality management, project management, timetabling, inventory management, and general production planning. Throughout the course, students are being trained in formulating and solving problems analytically, as well as using computerized software in the resolution of mathematical problems. In addition, the course includes case assignments training students to collect and manage data both systematically and ethically, use different types of information technology and apply widely used statistical tools and techniques. The case studies include elements that will strengthen students’ technology agility, and their ability to make ethical assessments in a critical manner.