Advanced Engineering Economics (3 credits)
The course gives students the opportunity to build knowledge in selecting investment opportunities. The discussion will focus on the time value of money; basic of engineering economics; economy analysis method in investment; economy factors: income taxes, description, capital investment evaluation; replacement analysis; risk and uncertainty in investment; sensitivity analysis; deterministic and probabilistic diagram tree; budgeting model; multi attribute decision analysis.

Quality in Management (3 credits)
This subject provides an introduction to Quality Management in organizations undergoing rapid change. It provides frameworks of understanding for the development of the quality movement in post-industrial society and as a coherent field of intellectual study; an overview of quality tools and their purposes; the critical roles of people and change in quality organizations; and an understanding of services marketing with particular focus on service quality and customer satisfaction.

Advanced Operation Research (3 credits)
Practical implementation and application of operations research techniques and practical cases in industry. Through the courses, the students are encouraged to discuss and perceive exemplary practical problems in their vicinity within the frame of the related techniques and concepts of operations research.

System Dynamics and Modeling (3 credits)
This course introduces the theory and application of the system dynamics modeling approach as it is used to support strategic decision making in complex social systems. It involves the qualitative and quantitative mapping of the relevant system structure (including physical processes, information links and human decision making) and the simulation of the dynamic consequences of that structure. The aim is both to examine the general modes of behaviour that result so as to gain qualitative insights and also to experiment with alternative policies in order to formulate ones which improve behaviour. It has three distinctive themes: the concept of information feedback, the use of computer simulation models to explore complex behaviour and the need to work with the mental models of relevant system actors (with a view both to drawing on the relevant knowledge and interpretations of the system and to implementing the insights gained from the modeling process). The course deals with all stages of the modeling approach as well as introducing some research topics in the field. The practical application of system dynamics will be emphasized throughout, using various cases studies from business, public-policy making and elsewhere.

The course is structured primarily around three themes, each with its own topics. Feedback: Modeling feedback with causal loop diagrams (the concept of feedback, CLDs, conceptualization exercises, the limits of CLDs). Simulation Modeling: Simple structures (positive loop, negative loop, coupled loops, loop polarity and shifts in loop dominance), model formulation (rate equations, auxiliary equations, table functions, levels, delays, representation of decision processes, principles of formulation), model testing (understanding model behaviour, sensitivity analysis), policy analysis (general approach, application to inventory management). Working with
Mental Models: Insights and archetypes (necessity and benefits of system dynamics, use and abuse of archetypes, general system insights), system dynamics in organisations (as group decision support tool and as organizational learning tool).

Knowledge Management & Information System (3 credits)
This course will develop a solid understanding of core information system infrastructure, its application and associated management and strategic issue, and develop the ability to conceptualize and understand what the organization is striving to achieve, and how it uses information. The Knowledge Management course is interdisciplinary and addresses the components of knowledge management systems, including leadership/management, organizational, technology, and behavioral perspectives. The program focuses on bridging theory with practice.
Case studies and various practical exercises enhance the learning process. The course will discuss prevailing theories, surveys, four KM pillars, payoffs, case studies, introduction to systems approach and systems thinking, the role of the leader, the manager, and the chief knowledge officer, The concept of the global enterprise, strategic planning inputs to a KMS, defining requirements and sources for intellectual assets (knowledge), defining the payoffs from a KMS, and resource allocation.

Strategic Technology Management (3 credits)
Developing sensitivity of range, scope, and complexity in current issues related to strategic technology management and innovation.

Integrated Product Development (3 credits)
Awareness of product life-cycle, advantages in having shorter lead times and factors which might influence new product development. A group project is intended to develop the ability to work together as a team and to manage corporate effort, culminating in an oral presentation by each member.

Supply Chain Management (3 credits)
The global supply chain is as much about moving information and services as it is about moving physical goods. Transferring customer information file or account data from Singapore to London requires as much proficient supply chain management as does moving microprocessors from Taiwan to Ireland. The supply chain embraces the entire life cycle of goods and services. It touches every function of global commerce.
Industry leaders view it as the central nervous system of the world economy. Supply chain management encompasses everything from marketing, sourcing, manufacturing, logistics, inventory management, information technology to customer relations. It is about the people, processes and technology that propel products through the global economy. This lecture course will provide comprehensive overview of SCM fundamentals as well as latest issues in their implementation. A large number of case studies collected from various industries will be discussed during the course.

Production and Operation Strategy (3 credits)
Developing understanding of manufacturing and operations as sources of competitive advantage, to introduce concepts of strategic decisions in operating, and to develop understanding of implementation through case analysis and discussions.