SubjectsSubjects(version: 949)
Course, academic year 2023/2024
Management and Decision-Making in Manufacturing Companies - M501060
Title: Řízení a rozhodování ve výrobních podnicích
Guaranteed by: Department of Economics and Management (837)
Faculty: Central University Departments of UCT Prague
Actual: from 2022
Semester: winter
Points: winter s.:3
E-Credits: winter s.:3
Examination process: winter s.:
Hours per week, examination: winter s.:2/0, Ex [HT]
Capacity: unlimited / unknown (unknown)
Min. number of students: unlimited
Language: Czech
Teaching methods: full-time
Teaching methods: full-time
For type:  
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Švecová Lenka doc. Ing. Ph.D.
This subject contains the following additional online materials
Annotation -
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (24.02.2022)
The aim of the course is to provide a basic overview of economic and managerial tools usable in decision-making and management of manufacturing companies. It focuses on the explanation of individual levels of management and their role, as well as on the issue of process management and their effectiveness (Lean management). Investment decisions are multi-criteria, a suitable tool for this assessment will be presented, but emphasis will also be placed on the economic assessment of the profitability of investment projects. At the end of the course, attention will be paid to the aspects of the implementation itself using the DMAIC methodology.
Aim of the course -
Last update: Švecová Lenka doc. Ing. Ph.D. (17.08.2022)

Upon successful completion of this course, students will be able to

  • formulate tactical and operational goals of organizational units to meet the strategic goals of the company,
  • understand the relationships between different levels of management in the company,
  • identify elements of the production process, look for inefficiencies,
  • perceive the needs of the market and the customer and their influence on the company's strategy,
  • work with basic economic variables that influence decision-making in companies,
  • evaluate the profitability of the investment project,
  • describe the procedure of identification and analysis of decision problems, apply methods of analysis,
  • propose appropriate procedures for solving the decision-making problem,
  • apply methods and tools of multi-criteria evaluation of alternatives,
  • participate in the development of a feasibility study of investment projects,
  • participate effectively in the implementation of change.

Literature -
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (24.02.2022)

R: HAMMOND, J. S., KEENEY, R. L., RAIFFA, H. Smart Choices. A Practical Guide to Making Better Decisions. Harvard Business School Press, Boston 2002.

R: BREALEY, R. A., MYERS, S. C., ALLEN, F. Principles of Corporate Finance. 13th ed. New York: McGraw-Hill, 2019. ISBN: 978-1260565553. (Selected Chapters)

R: BUSINESS CLYDEBANK – SWEENEY, B. Lean: QuickStart Guide - The Simplified Beginner's Guide To Lean (Lean, Lean Manufacturing, Lean Six Sigma, Lean Enterprise). 2017. ISBN 9781945051142.

Syllabus -
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (24.02.2022)

1. Management of organizations, managerial functions.

2. Strategic management.

3. Decision making and planning.

4. Feasibility study.

5. Process management and lean management.

6. Process design, tools for process modeling.

7. Decision analysis, process, goals, and criteria.

8. Economic quantities and their relations.

9. Monitoring financial efficiency.

10. Investment projects, their financing.

11. Parameters and methods of investment evaluation, the impact on the value of the company.

12. Evaluation of alternatives, optimization of a set of criteria, methods of determining weights.

13. Process and methods of multicriteria decision-making.

14. Implementation of the solution using by DMAIC methodology.

Course completion requirements -
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (24.02.2022)

oral exam

Teaching methods
Activity Credits Hours
Obhajoba individuálního projektu 0.1 2
Účast na přednáškách 1 28
Příprava na přednášky, semináře, laboratoře, exkurzi nebo praxi 0.5 14
Práce na individuálním projektu 1.1 30
Příprava na zkoušku a její absolvování 0.3 9
3 / 3 83 / 84