Course - Modeling and analysis of industrial value chains - TIØ4285
TIØ4285 - Modeling and analysis of industrial value chains
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 will provide students with insights into how economic methods and theory can be used for coordinating, managing and modeling industrial value chains. Economic instruments and incentives in relation to corporate and optimization models are considered. We also discuss how the different approaches relate to environmental and societal sustainability.
Possible topics are: supply chain management, handling of uncertainty, transfer prices, design and analysis of contracts, agent theory, auctions theory and institutional economics.
Learning outcome
The position and function of the course: The course is a mandatory course in the 8th semester for students at the MTIØT program taking Managerial Economics and Operations research (AØO) as their main profile.
Knowledge and skills developed in the course: After taking this course the students should be able to apply economic theory when modeling and analyzing industrial value chains and networks. They should be able to: - explain the difference between operations research models and economic models and how they supplement each other; - model and do economic analysis in industrial value chains; - compare and understand effects of different price structures, auctions, contract types and incentives; - consider and analyze how uncertainty and information asymmetry affects decisions in value chains; - analyze decisions and prices in competitive and imperfect markets.
Learning methods and activities
Lectures and mandatory exercises. The course is given in English if there are Non-Norwegian-speaking students taking the course.
Compulsory assignments
- Assignments
Further on evaluation
The final written exam counts for 100% of the final grade. At the postponed/repeated exam (kontinuasjonseksamen), the written exam may be changed to oral.
Recommended previous knowledge
Requires TIØ4118 Industrial Economic Analysis and TIØ4130 Optimization Methods, or similar.
Course materials
To be announced by the start of the semester.
No
Version: 1
Credits:
7.5 SP
Study level: Second degree level
Term no.: 1
Teaching semester: SPRING 2025
Language of instruction: English
Location: Trondheim
- Technological subjects
- Economics and Administration
Department with academic responsibility
Department of Industrial Economics and Technology Management
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Spring ORD School exam 100/100 C INSPERA
-
Room Building Number of candidates - 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.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"