LEARNING OUTCOMES
After the course the student
1. Compose a process design for a plant or part of a plant for the next stage (investment proposal)
2. Assess the techno-economic feasibility of the selected industrial operation
3. Describe the full chain from R&D to plant start-up
4. Analyze the business, competition and markets with different methods
5. Apply business analysis methods (Five forces, PESTEL, business model canvas)
6. Assess, calculate and analyze the financial outcomes of businesses
7. Present a business model for the selected process
8. Describe long-range plan for business development
9. Possess 'out-of-the- box' mindset for design of industrial operations
10. Carry out successful negotiations
Credits: 5
Schedule: 09.01.2024 - 25.04.2024
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Pekka Oinas
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
The course format comprises of the following elements: lectures, 1 learning diary (15 %), group reports (60 %), business case demonstration (20 %) and individual activity (5 %).
1. Introduction
2. Basics of plant/process design
3. Engineering diagrams (ChemStation, MS Visio) and equipment
4. Cost assessment
5. Strategic management (external lecturer(s))
6. Marketing and sales, financial planning (external lecturer(s))
7. Business development
8. Exercises (Process computations with Aspen Plus simulation program, Business simulation, Business feasibility workshop)
9. Group work. The group work consists of 3 reports:
Report 1: State-of-the-art study of selected process, process alternatives, market and competitor analysis, capacity selection
Report 2: Mass and energy balances, PFD's, plant layout and location. Investment estimate and prefeasibility analysis
Report 3: Business simulation results, proposal to investors and stakeholders. Presentation of business model that captures the commercial value of the project.
10. Business case seminar
11. Learning diary
Assessment Methods and Criteria
valid for whole curriculum period:
Lectures, exercises, group work, seminars, business simulation
The course is very interactive comprising teaching from our school and business school. Students are expected to participate actively by:
- Assembling into effective groups with a specific design topic
- Writing learning diaries based on learnings and problems encountered
- Conducting business cases of selected processes
- Preparing thorough business analysis of selected group topics
- Using business simulation (or game) as a tool with other groups
- Having multidiscipline discussions
There will also be more traditional lecturing, also by invited guest lecturers from the School of Business School and possibly from industry.
Workload
valid for whole curriculum period:
5 cr = 135 h
Lectures and exercises, 20-24 h
Team work (preparation and meetings) 80 h
Learning diary 8 h
Individual work, 20-24 h
DETAILS
Study Material
valid for whole curriculum period:
Lecture notes, project guide, articles
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
4 Quality Education
7 Affordable and Clean Energy
8 Decent Work and Economic Growth
9 Industry, Innovation and Infrastructure
17 Partnerships for the Goals
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language : English
Teaching Period : 2022-2023 Spring III - V
2023-2024 Spring III - VA course implementation may be cancelled if the number of students enrolled to the course implementation does not meet the required minimum of five students. In the case of cancelled course implementations, the students enrolled to them must be provided with an alternative way of completing the course or be advised to take some other applicable course.