Industrial engineering studies define and apply a number of analyzes and methods based on the most effective evaluation of inputs and the most effective management of constraints. The cost of inputs is one of the most important constraints in these studies. In this course, the concept of cost is introduced in depth, and the financial and cost accounting activities carried out in organizations to make cost calculations are also introduced. In this way, the knowledge, skills and equipment to make cost analysis in feasibility studies, which is one of the main activities of industrial engineering, are provided.
Course Content
This course contains; The importance of cost and cost analysis for industrial engineering tools and techniques,Introduction to cost and cost related concepts, different types of costs
,Managing cost, cost and financial accounting activities in organizations,Fundamentals of cost analysis methods,Understanding the concepts of cost, volume and profit and their relationship,Cost-profit-volume analysis,Cost estimation and feasibility analysis,Process and job costing,Activity-based-costing, customer profit analysis,Cost management and organizational strategy,Cost management and budgeting,Contemporary approaches to cost management: use of technology, database management and business analytics,Case Study Review,Case Study Review 2.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Defines cost and related concepts.
10, 13, 14, 16, 4, 9
A, E, G
2. Learns the concepts of cost-volume-profitability and understands the relationship between them.
10, 12, 13, 14, 16, 6, 9
A, E, G
3. Defines the basic principles and methods of cost analysis.
10, 14, 16, 9
A, E, G
4. Defines cost estimation techniques and evaluates their importance in feasibility studies.
12, 13, 16, 19, 2, 6, 9
A, E, G
5. Understands the methods of product, service, process, and job costing.
10, 13, 14, 16, 4, 6, 9
A, E, G
6. Evaluates cost management, planning and budgeting methods in general terms.
10, 13, 14, 16, 4, 9
A, G
Teaching Methods:
10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 14: Self Study Method, 16: Question - Answer Technique, 19: Brainstorming Technique, 2: Project Based Learning Model, 4: Inquiry-Based Learning, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam, E: Homework, G: Quiz
Course Outline
Order
Subjects
Preliminary Work
1
The importance of cost and cost analysis for industrial engineering tools and techniques
Lecture Notes
2
Introduction to cost and cost related concepts, different types of costs
Lecture Notes
3
Managing cost, cost and financial accounting activities in organizations
Lecture Notes
4
Fundamentals of cost analysis methods
Lecture Notes
5
Understanding the concepts of cost, volume and profit and their relationship
Lecture Notes
6
Cost-profit-volume analysis
Lecture Notes
7
Cost estimation and feasibility analysis
Lecture Notes
8
Process and job costing
Lecture Notes
9
Activity-based-costing, customer profit analysis
Lecture Notes
10
Cost management and organizational strategy
Lecture Notes
11
Cost management and budgeting
Lecture Notes
12
Contemporary approaches to cost management: use of technology, database management and business analytics
Lecture Notes
13
Case Study Review
Lecture Notes
14
Case Study Review 2
Lecture Notes
Resources
Cost Management: A Strategic Emphasis, Blocher, 8th edition;, Fundamentals of Cost Accounting, Lanen, 6th edition, lecture notes, power point slides, case studies, sample question solutions
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
An ability to apply knowledge of mathematics, science, and engineering.
X
2
An ability to identify, formulate, and solve engineering problems.
X
3
An ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability.
X
4
An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice.
X
5
An ability to design and conduct experiments, as well as to analyze and interpret data.
X
6
An ability to function on multidisciplinary teams.
X
7
An ability to communicate effectively.
X
8
A recognition of the need for, and an ability to engage in life-long learning.
X
9
An understanding of professional and ethical responsibility.
X
10
A knowledge of contemporary issues.
X
11
The broad education necessary to understand the impact of engineering solutions in a global, economic, environmental, and societal context.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
30
Rate of Final Exam to Success
70
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
5
1
5
Resolution of Homework Problems and Submission as a Report
0
0
0
Term Project
1
5
5
Presentation of Project / Seminar
0
0
0
Quiz
9
2
18
Midterm Exam
8
7
56
General Exam
8
8
64
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
190
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(190/30)
6
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
COST ANALYSIS
CEE3133960
Fall Semester
3+0
3
6
Course Program
Salı 12:00-12:45
Salı 13:30-14:15
Salı 14:30-15:15
Prerequisites Courses
Recommended Elective Courses
Language of Course
English
Course Level
First Cycle (Bachelor's Degree)
Course Type
Elective
Course Coordinator
Assoc.Prof. Melis Almula KARADAYI
Name of Lecturer(s)
Lect. Özgür EROL
Assistant(s)
Aim
Industrial engineering studies define and apply a number of analyzes and methods based on the most effective evaluation of inputs and the most effective management of constraints. The cost of inputs is one of the most important constraints in these studies. In this course, the concept of cost is introduced in depth, and the financial and cost accounting activities carried out in organizations to make cost calculations are also introduced. In this way, the knowledge, skills and equipment to make cost analysis in feasibility studies, which is one of the main activities of industrial engineering, are provided.
Course Content
This course contains; The importance of cost and cost analysis for industrial engineering tools and techniques,Introduction to cost and cost related concepts, different types of costs
,Managing cost, cost and financial accounting activities in organizations,Fundamentals of cost analysis methods,Understanding the concepts of cost, volume and profit and their relationship,Cost-profit-volume analysis,Cost estimation and feasibility analysis,Process and job costing,Activity-based-costing, customer profit analysis,Cost management and organizational strategy,Cost management and budgeting,Contemporary approaches to cost management: use of technology, database management and business analytics,Case Study Review,Case Study Review 2.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Defines cost and related concepts.
10, 13, 14, 16, 4, 9
A, E, G
2. Learns the concepts of cost-volume-profitability and understands the relationship between them.
10, 12, 13, 14, 16, 6, 9
A, E, G
3. Defines the basic principles and methods of cost analysis.
10, 14, 16, 9
A, E, G
4. Defines cost estimation techniques and evaluates their importance in feasibility studies.
12, 13, 16, 19, 2, 6, 9
A, E, G
5. Understands the methods of product, service, process, and job costing.
10, 13, 14, 16, 4, 6, 9
A, E, G
6. Evaluates cost management, planning and budgeting methods in general terms.
10, 13, 14, 16, 4, 9
A, G
Teaching Methods:
10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 14: Self Study Method, 16: Question - Answer Technique, 19: Brainstorming Technique, 2: Project Based Learning Model, 4: Inquiry-Based Learning, 6: Experiential Learning, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam, E: Homework, G: Quiz
Course Outline
Order
Subjects
Preliminary Work
1
The importance of cost and cost analysis for industrial engineering tools and techniques
Lecture Notes
2
Introduction to cost and cost related concepts, different types of costs
Lecture Notes
3
Managing cost, cost and financial accounting activities in organizations
Lecture Notes
4
Fundamentals of cost analysis methods
Lecture Notes
5
Understanding the concepts of cost, volume and profit and their relationship
Lecture Notes
6
Cost-profit-volume analysis
Lecture Notes
7
Cost estimation and feasibility analysis
Lecture Notes
8
Process and job costing
Lecture Notes
9
Activity-based-costing, customer profit analysis
Lecture Notes
10
Cost management and organizational strategy
Lecture Notes
11
Cost management and budgeting
Lecture Notes
12
Contemporary approaches to cost management: use of technology, database management and business analytics
Lecture Notes
13
Case Study Review
Lecture Notes
14
Case Study Review 2
Lecture Notes
Resources
Cost Management: A Strategic Emphasis, Blocher, 8th edition;, Fundamentals of Cost Accounting, Lanen, 6th edition, lecture notes, power point slides, case studies, sample question solutions
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
An ability to apply knowledge of mathematics, science, and engineering.
X
2
An ability to identify, formulate, and solve engineering problems.
X
3
An ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability.
X
4
An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice.
X
5
An ability to design and conduct experiments, as well as to analyze and interpret data.
X
6
An ability to function on multidisciplinary teams.
X
7
An ability to communicate effectively.
X
8
A recognition of the need for, and an ability to engage in life-long learning.
X
9
An understanding of professional and ethical responsibility.
X
10
A knowledge of contemporary issues.
X
11
The broad education necessary to understand the impact of engineering solutions in a global, economic, environmental, and societal context.
