Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| COST ANALYSIS | - | Fall Semester | 3+0 | 3 | 6 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| 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 | Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledge in these areas in the solution of complex engineering problems. | X | |||||
| 2 | Ability to formulate, and solve complex engineering problems; ability to select and apply proper analysis and modeling methods for this purpose. | X | |||||
| 3 | Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose. | ||||||
| 4 | Ability to select and use modern techniques and tools needed for analyzing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively. | X | |||||
| 5 | Ability to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or discipline specific research questions. | ||||||
| 6 | Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | X | |||||
| 7 | Ability to communicate effectively, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions. | X | |||||
| 8 | Awareness of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | X | |||||
| 9 | Knowledge on behavior according ethical principles, professional and ethical responsibility and standards used in engineering practices. | X | |||||
| 10 | Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development. | X | |||||
| 11 | Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions. | ||||||
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 | - | Fall Semester | 3+0 | 3 | 6 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| 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 | Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledge in these areas in the solution of complex engineering problems. | X | |||||
| 2 | Ability to formulate, and solve complex engineering problems; ability to select and apply proper analysis and modeling methods for this purpose. | X | |||||
| 3 | Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose. | ||||||
| 4 | Ability to select and use modern techniques and tools needed for analyzing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively. | X | |||||
| 5 | Ability to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or discipline specific research questions. | ||||||
| 6 | Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | X | |||||
| 7 | Ability to communicate effectively, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions. | X | |||||
| 8 | Awareness of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | X | |||||
| 9 | Knowledge on behavior according ethical principles, professional and ethical responsibility and standards used in engineering practices. | X | |||||
| 10 | Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development. | X | |||||
| 11 | Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions. | ||||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 30 | |
| Rate of Final Exam to Success | 70 | |
| Total | 100 | |