HU1001 Business Calculation and Decision Models
KTH Royal Institute of Technology
The course ML1030, Industrial Economics and Organisation, or equivalent
- Business calculations and decision models, here applied in an engineering reference environment
- Apply calculations in excel
After completing the course, the student should be able to:
- Construct and solve an advanced short term calculation with some free capacity including two variables (products) and several constraints
- Write out and implement different kinds of cost allocations methods
- Construct models for investment decisions: Net Present Value, Annuity, and Internal Rate of Return
- Carry out a cost variance calculation
- Solve a computer aided linear model for optimizing, so-called Linear Programming
- Design problems and make decisions in the form and with the help of decision matrices and decision trees
- Divide a given company´s vision in a balanced scorecard where targets, crucial success factors and measures gives concrete meaning in daily personell activities
- Choose and justify for when different types of calculations are appropriate
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