METE428 SPECIAL TOPICS: MATERIALS TECHNOLOGY MANAGEMENT
| Course Code: | 5700428 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 5.0 |
| Department: | Metallurgical and Materials Engineering |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | |
| Offered Semester: | Fall and Spring Semesters. |
Course Objectives
At the end of this course, the students in teams will learn:
1) To design most feasible materials process and to manage most feasible materials selection to realize their “Materials Design” goals as a value-added competitive commercial product,
2) To evaluate and compare economic feasibility of the product ideas
3) Basic terminology in project management, economics, strategy, marketing, finance and accounting, and the way they are used in engineering economics analysis and decision making,
4) To look at real life materials engineering production and design cases from a project management, economics, strategy, marketing, finance and accounting perspectives,
5) Cost-benefit, break-even and sensitivity analysis methods and how to apply them in decision-making process.
6) Present all analysis in a business report and presentation format.
Course Content
Fundamental concepts of economics and management in Materials Technology, Value-added competitive commercial product in an industrial context with Case studies specific to Metallurgical and Materials Engineering field with fundamental concepts in economics, strategy, finance and accounting.
Course Learning Outcomes
You will be able to:
1) improve your understanding of metallurgical and materials engineering design feasibility in capstone design project;
2) improve your ability in team work, report writing, project presentation, and economical consciousness;
3) enhance your understanding on economic matters, production costs, revenues and profits, and project feasibility for metallurgical and materials engineering projects;
4) carry out a feasibility analysis of a product idea for value-adding and profit maximization;
5) compare alternative ideas feasibilities;
6) identify and apply the basic principles of strategy, project management, marketing, economics, finance and accounting on metallurgical and materials engineering projects/business ideas;
7) identify the required activities and inter-relationship of the activities comprising the project, and calculate the total project time.