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Cost and Benefit Analysis (3 cr)

Code: PRE22EN01-3001

General information


Enrollment

30.11.2023 - 31.12.2023

Timing

01.01.2024 - 10.03.2024

Number of ECTS credits allocated

3 op

Mode of delivery

Contact teaching

Unit

Faculty of Technology and Seafaring

Campus

Vasa, Wolffskavägen 33

Teaching languages

  • Svenska

Degree programmes

  • Degree Programme in Industrial Management

Teachers

  • Niklas Kallenberg

Teacher in charge

Niklas Kallenberg

Groups

  • PRE22D-V
    Ingenjör (YH), produktionsekonomi, 2022 dagstudier

Objective

The student should be able to:
- identify and describe central concepts in cost and benefit analysis.
- explain when cost and benefit analysis should be used.
- know the fundamentals of cost and benefit analysis.
- analyse the input and output and calculation process in cost and benefit analysis

Content

- basic terminology
- self cost and other calculation methods
- simple calculations
- investment calculation concepts and profitability cafeterias
- four methods in investment calculations and combinations of these
- basics of presentation of results and argumentation

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Possesses basic knowledge of concepts, transactions, processes in industrial activities. Identifies the importance of analyzing revenue and costs in both own and others' operations. Identifies that cost and investment calculations are part of industrial and / or government activities. Is aware of fundamental changes in cost structures at cross-border levels, such as exports, imports and establishment in new markets. Realizes the importance of interaction when acquiring information in cost and investment estimates.

Assessment criteria, good (3)

Can perform basic calculations and analyzes in cost and investment calculation. Can explain the importance of cost and investment calculations related to the pricing of goods and services in a basic context. Can explain the basic industrial process linked to earnings logic and profitability. Can read and interpret simple cost and revenue calculations and related explanations. Knows where the information is in the form of contact persons, databases, industry overviews in terms of cost-benefit analysis and investment calculation.

Assessment criteria, excellent (5)

Has the ability to describe and explain cost and investment calculations as well as consequences at basic level. Can plan for and implement simple cost calculation and know explanatory variables in investment estimates in practical operations. Has the ability to describe, analyze, interpret and compile simple cost-benefit analysis. Can read and interpret cost and revenue reports as well as investment calculation summaries in at least one language other than Swedish. Is aware of and uses existing databases and data banks in terms of cost-benefit analyzes and investment calculations. Is aware of cost development at the national level in general.

Qualifications

Basic Business Economy