Industrial assets, Modern uncertainties, and Performance (IAM560)

The course focuses on Assets, processes, decisions, and performance under modern complex industrial conditions where Assets and systems are exposed to new industrial demands, challenges, and uncertainties. The course specially covers the characteristics of core Assets and performance in modern industrial environments, and how complex processes and decision settings influence different types of scenarios, methods, indicators, etc., to better manage engineering, operations, and performance of modern complex industrial assets and systems.


Course description for study year 2023-2024. Please note that changes may occur.

Facts

Course code

IAM560

Version

1

Credits (ECTS)

10

Semester tution start

Spring

Number of semesters

1

Exam semester

Spring

Language of instruction

English

Offered by
Time table

View course schedule

Content

Industrial importance and mutual dependencies between Industrial assets and performance in complex industrial systems that are exposed to new industrial demands, challenges, and uncertainties.

Core characteristics of core processes in Industrial assets, decisions in modern industrial environments, and how complex processes and decision settings influence different types of scenarios, methods, indicators, etc., to better manage technical and operational performance of modern complex industrial assets and systems.

Practical industrial cases and examples.

Learning outcome

Knowledge

  • has thorough knowledge of the theories and methods within industrial assets, processes, decisions and performance
  • can apply knowledge to Industrial systems, engineering facilities and organizations
  • can analyze professional problems related to technical and operational processes, decision making and performance

Skills

  • can use relevant methods for research and professional development work
  • can analyze and deal critically with various sources of information and use them to structure and formulate scholarly arguments
  • can carry out a limited research or development project under supervision and in accordance with applicable norms for research ethics

General competence

  • can apply his/her knowledge and skills in new areas in order to carry out professional assignments and projects
  • can communicate about academic issues, analyses and conclusions in the field, both with specialists and the general public
  • can contribute to new thinking and innovation processes

Required prerequisite knowledge

None

Exam

Form of assessment Weight Duration Marks Aid
Report 1/1 Letter grades

If a student fails the report, she/he have to take this part again next time the subject is lectured.

Coursework requirements

Presentation in groups

Obligatory presentations based on Groupwork. An additional individual Report and Oral Assessment if the Presentations are not satisfactory.

Mandatory work demands must be approved by subject teacher within the given deadlines.

Course teacher(s)

Head of Department:

Mona Wetrhus Minde

Course coordinator:

Jayantha Prasanna Liyanage

Method of work

Lectures and discussions. Interactive groupwork. Presentations. Reports and Oral assessment when necessary.

Overlapping courses

Course Reduction (SP)
Decision Engineering and Performance Management (MOM440_1) 10
Industrial assets, Processes, and Performance under modern contexts (OFF560_1) 10

Open for

Environmental Engineering - Master of Science Degree Programme Structural and Mechanical Engineering - Master of Science Degree Programme Industrial Asset Management - Master of Science Degree Programme Petroleum Engineering - Master of Science Degree Programme
Exchange programme at Faculty of Science and Technology

Course assessment

There must be an early dialogue between the course supervisor, the student union representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital subject evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.

Literature

The syllabus can be found in Leganto