LEARNING OUTCOMES
After the course the student
- Understands the full chain from R&D to plant start-up
- Knows how scale-up issues and process intensification can affect on process design
- Can analyze the business, finances competition and markets with different methods
- Can assess, calculate and analyze the financial outcomes of businesse
- Understands long-range plans for business
- Possesses an "out-of-the-box" mindset for design of industrial operations
- Can carry out negotiations for a profitable deal
Credits: 5
Schedule: 07.01.2025 - 30.04.2025
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Golam Sarwar, 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, learning diary, group presentation, business game and individual activity and learning diary.
- Introduction
- R&D in process development
- Exercise - unit operations, balance calculation
- Cost assessment
- Strategic management (external lecturer(s)
- Marketing and sales, financial planning (external lecturer(s))
- Business game with negotiations
- 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 CHEM and BIZ. Students are expected to participate actively by:
- Assembling into effective groups with a specific design topic
- Writing learning diary based on learnings and problems encountered
- Conducting business cases of the selected process
- Playing business simulation (or game) with other groups
- Having multidiscipline discussions
There will also be more traditional lecturing, also by invited guest lecturers from the School of Business
Workload
valid for whole curriculum period:
5 cr = 135 h
Lectures and exercises
Team work (preparation and meetings)
Learning diary
Individual work
DETAILS
Study Material
valid for whole curriculum period:
Lecture and exercise notes
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: 2024-2025 No teaching
2025-2026 Spring III - VRegistration:
A maximum of 30 students are accepted to the course. Students of the following majors are prioritised.
- Industrial Energy Processes of MSc in Advanced Energy Solutions (AAE)
- Chemical and Process Engineering of MSc in Chemical and Metallurgical Engineering
- Chemical and Process Engineering of MSc in Chemical, Biochemical and Materials Engineering
If there is space, other Aalto degree students and exchange students can be accepted to the course.
A 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.