Short Title:Operations & Business Management
Full Title:Operations & Business Management
Module Code:OMAN H3001
 
Credits: 5
NFQ Level:7
Field of Study:Mechanics and metal work
Module Delivered in 2 programme(s)
Reviewed By:JAMES WRIGHT
Module Author:PAUL ROBINSON
Module Description:This module has three aims: 1. To enable the student to formulate a wide range of problems that can expressed as linear programming problems. 2. To enable the student to solve linear programming problems using a variety of special methods. 3. To develop an understanding of the commercial and managerial aspects of developing new projects
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Formulate a problem given in terms of text and tabled data into a linear programming problem in standard form (including transportation and assignment problems).
LO2 Use software to solve and interpret a variety of linear programming problems
LO3 Graphically solve and interpret the solution of a two variable linear programming problem.
LO4 Solve Transportation problems using the VAM and MODI methods.
LO5 Formulate and solve Assignment problems using the Hungarian Method.
LO6 Develop a business plan to attract funding for a new commercial opportunity
LO7 Understand the requirements of formal project management
LO8 Develop an understanding of new product development
Pre-requisite learning
Co-requisite Modules
No Co-requisite modules listed
 

Module Content & Assessment

Content (The percentage workload breakdown is inidcative and subject to change) %
Formulate Linear Programming Problems
Introduction to variables, constraints and objectives .Turning information into sets of Constraint equations. Classical examples.
20.00%
2 Variable Problems
Two dimensional problems and their graphical solution. Integer Programming in 2D. Feasible region, binding constraints and scarce resources. Sensitivity analysis.
15.00%
Transportation Problems%
Formulation as LP problem. The VAM solution. The Stepping Stone and Modified Distribution Method for optimal solution. Non-unique solutions. Unbalanced problems, unallowed routes, penalty costs, degeneracy.
10.00%
Assignment Problems
Formulation as an LP problem. The Hungarian Method of solution. Non- unique solutions. Unbalanced problems, unallowed allocations.
5.00%
New Business Development
Mechanisms for business start-up. Preparation of a feasibility study. The business plan
10.00%
Product Development
Types of Product Development, Risks and Rewards. Stages of product development. Sources of data, technical assistance, technology and consultants.
10.00%
Business Planning and Cost Analysis
Cost analysis; overheads and direct costs, cost allocation and accumulation, absorption costing. Calculating cost centre overhead rates. Product costing
10.00%
Competitive Analyis
Analysis of Company Capablity. Diagnosis of Strenghts, Weaknesses, Opporutnities Threats (SWOT). Political, Economic, Social, Technological (PEST) analysis
10.00%
Introduction to Project Management
Introduction : Projects vs Operations, Principle of Progressive Elaboration; typical project lifecycle, stakeholders expectations vs. requirements, general management functions of project manager Project management Processes : generic project management processes, inputs,outputs, knowledge,skills, tools and techniques; Initiation, Planning, Executing,Controlling,Closing
10.00%
Assessment Breakdown%
Course Work30.00%
End of Module Formal Examination70.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Continuous Assessment CA Test covering problem formulation and solution of 2D problems using the Graphical Method. 1,2,3 8.00 Week 6
Continuous Assessment CA Test covering Transportation and Assignment Problems. 2,4,5 7.00 Week 10
Written Report Analysize the product availablity,financial return and SWOT of the application micro-wind turbines to domestic and small industial sites 6,7 10.00 Week 9
Written Report Carry out an analysis of the commerical opportunity for mass-market Electric Vehicles 8 5.00 Week 5
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam End-of-Semester Final Examination 1,2,3,4,5,6,7,8 70.00 End-of-Semester
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

IT Tallaght reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classwork 4.00 Every Week 4.00
Independent Learning Time Outside of Class 3.00 Every Week 3.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
This module has no Part Time workload.
 

Module Resources

Recommended Book Resources
  • Colin Drury, 2008, Management and Cost Accounting, 7th Edition Ed., 1-3, CENGAGE - learning United Kingdom [ISBN: 978-1-84480-566-2]
  • Harold Kerzner Ph.D., 2009, Project Management, 10th Ed., 1,11,15, John Wiley & Sons UK [ISBN: 978-0470278703]
Required Article/Paper Resources
  • Erika Thorstensson 2009, Small Scale Wind Turbines introductory market study for Swedish conditions, Masters Thesis in International Project Management, June 2009, 66
  • Deloitte Consulting 2010, A Customer View of Electric Vehicle (EV) Mass Adoption in the US, Delotie consulting, May 2010, 20
Recommended Article/Paper Resources
  • Jason Dedrick, Kenneth L. Kraemer 2011, Value capture in the Global Wind Energy Industry, PCIC, University of California, Irvine, June 2011, 10
This module does not have any other resources
 

Module Delivered in

Programme Code Programme Semester Delivery
TA_EAEEE_B Bachelor of Engineering (Honours) in Sustainable Energy Engineering 6 Mandatory
TA_EAEEE_D Bachelor of Engineering in Sustainable Energy & Environmental Engineering 6 Mandatory