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Academic Year 2011-12 UNIVERSITY OF PIRAEUS Academic Curriculum and ECTS Guide DEPARTMENT OF INDUSTRIAL MANAGEMENT AND TECHNOLOGY

Postgraduate Syllabus Academic Curriculum and ECTS Guide

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Academic Year 2011-12

UNIVERSITY OF PIRAEUS

Academic Curriculum and ECTS Guide

DEPARTMENT OF INDUSTRIAL MANAGEMENT AND

TECHNOLOGY

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Department of Industrial Management and Technology

The Department of Industrial Management and Technology aims at training students

in new technologies and their application to production systems, thus enabling the

alumni of the Department to substantially contribute to the rapidly changing market

place. The main goals of the Department are to:

(a) provide students with scientific methodology tools which will enable them to

organize, analyze, design and implement industrial management systems,

(b) train the students in coping efficiently with the complicated problems that arise

from the interdependencies of the human factor, raw materials and modern

technologies in the production process.

The program offers two streams of taught subjects, namely (i) physics, chemistry,

mechanical engineering, mathematics, operations research, statistics, programming

and (ii) socioeconomic sciences and subjects related to the cognitive side of

management, such as industrial management, the study of the human factor, its

activities, behaviour and productivity. The combination of the two streams enhances

the comprehension of the phenomena encountered in contemporary production and

promotes their advantageous manipulation.

The Department maintains and operates three on-campus Laboratories:

a) Laboratory of Advanced Manufacturing Technologies and Testing

(http://www.tex.unipi.gr/labs.htm)

b) Laboratory of Simulation of Industrial Processes

(http://www.tex.unipi.gr/labs.htm)

c) Laboratory of Production Management Information Systems (http://www.tex.unipi.gr/labs.htm)

Grading System The University of Piraeus uses the Bologna Declaration, and uses the ECTS credits

systems. Written examinations on every course take place at the end of each semester.

Throughout each semester projects are held along with lectures. Grading is based on a

scale of 0-10 with passing grades between 5 and 10. Students who fail to pass courses

during the February or June examination term, can be re-examined in the September

examination period. When a student successfully completes his/her examinations,

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he/she is awarded his/her degree. The grade of the degree is the overall average of all

the grades of the required course. Grading is based on the following scale:

8,50 – 10 EXCELLENT 6,50 - 8,49 VERY GOOD 5 - 6,49 GOOD 0 - 4,9 FAIL

Contact Details Departmental Secretariat Tel.: +30 210-4142094, Fax: +30 210-4142359 E-mail: [email protected] Head of Department Secretariat Tel.: +30 210-4142164, Fax: +30 210-4142342 E-mail: [email protected] Margarita Loukisa Tel.: +30 210-4142316 E-mail: [email protected] Postgraduate Studies Secretariat Tel.: +30 210-4142111, Fax: +30 210-4142359 E-mail: [email protected] Departmental Web Page: www.unipi.gr ACADEMIC STAFF Professors Leonidas Kamarinopoulos - Head of Department Gregory Chodrokoukis Vassilios Dedoussis Dimitrios Karalekas - ERASMUS Coordinator Lambros Laios, University Vice Rector Costas Pappis Stella Sofianopoulou - Deputy Head of Department Associate Professors Dimitrios Emiris Dimitrios Sidiras Tatiana Tambouratzis Assistant Professors Alexandros Flamos Socrates Moschuris Lecturers Ioannis Giannatsis Dimitrios Psychoyios Christina Siontorou

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Courses and Curricula

Table of Contents

FIRST SEMESTER ..................................................................................................... 5 ΜATHEMATICS I .................................................................................................... 6 INTRODUCTION TO COMPUTERS ...................................................................... 7

ECONOMICS I .......................................................................................................... 8 SOCIOLOGY ............................................................................................................ 8 COMMERCIAL LAW .............................................................................................. 9 PHYSICAL SCIENCES .......................................................................................... 10

SECOND SEMESTER .............................................................................................. 11

MATHEMATICS II................................................................................................. 11 DATA PROCESSING - PROGRAMMING- LANGUAGES ................................ 12 ECONOMICS II ...................................................................................................... 13 STATISTICS I ......................................................................................................... 13 INDUSTRIAL MANAGEMENT I ......................................................................... 15

ELEMENTS OF ENGINEERING MECHANICS .................................................. 16

THIRD SEMESTER .................................................................................................. 17

DESIGN OF MACHINE ELEMENTS & MANUFACTURING PROCESSES .... 17 STATISTICS II ........................................................................................................ 19 UNIT OPERATIONS .............................................................................................. 20 FINANCIAL AND COST ACCOUNTING I ......................................................... 21

INDUSTRIAL MANAGEMENT II ........................................................................ 21

COMPUTER APPLICATIONS .............................................................................. 22 FOURTH SEMESTER .............................................................................................. 23

INDUSTRIAL BRANCHES AND MATERIALS I ............................................... 23

FINANCIAL AND COST ACCOUNTING II ........................................................ 24

INTRODUCTION TO ELECTRICAL CIRCUITS ................................................ 25

OPERATIONAL RESEARCH I ............................................................................. 26

INDUSTRIAL MANAGEMENT III ....................................................................... 27

INDUSTRIAL CHEMICAL PROCESSES ............................................................. 28 FIFTH SEMESTER................................................................................................... 30

INDUSTRIAL BRANCHES AND MATERIALS II .............................................. 30

OPERATIONAL RESEARCH II ............................................................................ 31

PRODUCTION PLANNING AND CONTROL ..................................................... 32

FINANCIAL MANAGEMENT I ............................................................................ 33

MARKETING.......................................................................................................... 34 ERGONOMICS ....................................................................................................... 35

SIXTH SEMESTER .................................................................................................. 36

QUEUEING THEORY AND SYSTEMS SIMULATION ..................................... 36 PRODUCTION SYSTEMS DESIGN ..................................................................... 37

DECISION SUPPORT SYSTEMS-EXPERT SYSTEMS ...................................... 38

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FEASIBILITY STUDIES ........................................................................................ 39 ENGINEERING ECONOMICS .............................................................................. 40

MATERIALS MANAGEMENT ............................................................................. 41 SEVENTH SEMESTER ............................................................................................ 43

SPECIAL TOPICS OF TECHNOLOGY AND PRODUCTION SYSTEMS ......... 43 CAD-CAM-CAE I ................................................................................................... 44 LOGISTICS AND DISTRIBUTION SYSTEMS ................................................... 45

QUALITY CONTROL SYSTEMS & QUALITY ASSURANCE ......................... 45 RESEARCH PROJECT I ........................................................................................ 46 ARTIFICIAL INTELLIGENCE IN PRODUCTION SYSTEMS ........................... 46 SPECIAL TOPICS OF OPERATIONAL RESEARCH ......................................... 47

PROJECT MANAGEMENT ................................................................................... 48

MATERIALS AND DESIGN IN PRODUCT DEVELOPMENT .......................... 49 RESEARCH METHODOLOGY I .......................................................................... 50

TECHNOECONOMICS OF ENERGY SYSTEMS ............................................... 52

ADVANCED SUPPLY MANAGEMENT ............................................................. 53

HUMAN RESOURCE MANAGEMENT ............................................................... 54

COMPUTER BASED ACCOUNTING APPLICATIONS ..................................... 55 EIGHTH SEMESTER............................................................................................... 55

CAD-CAM-CAE II .................................................................................................. 55 PRODUCT DEVELOPMENT AND INNOVATION ............................................ 56

TOTAL QUALITY MANAGEMENT .................................................................... 57

STRATEGIC MANAGEMENT .............................................................................. 57

RESEARCH PROJECT II ....................................................................................... 60 RELIABILITY AND MAINTENANCE OF TECHNOLOGICAL SYSTEMS ..... 60 SPECIAL TOPICS OF ADVANCED MANUFACTURING TECHNOLOGIES . 61 SPECIAL TOPICS OF ENVIRONMENTAL MANAGEMENT ........................... 63 ENERGY TECHNOLOGIES, SUSTAINABILITY & ENVIRONMENT ............. 63 RESEARCH METHODOLOGY II ......................................................................... 64

FINANCIAL MANAGEMENT II .......................................................................... 66

FIRST SEMESTER

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[ΤΕΜΑΘ06] ΜATHEMATICS I [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: First Learning Outcomes/Objectives: This course is designed for all business students. The course will assist students in reaching a level of increased competence in mathematics and expanding understanding of the applications of mathematical concepts in business activities. Emphasis is placed upon learning mathematical concepts through practical application to common business problems. The unit will cover such topics as: Linear systems and matrices; Matrix algebra. Determinants; Vector geometry; Functions; Limits; Continuity; Differentiation; Integration Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Vectors and linear combinations 2 Matrix Algebra 3 Linear Equation 4 Determinants 5 Limits 6 Continuity 7 Derivatives. Differentiation 8 Integration 9 Limits of Multidimensional Functions 10 Continuity of Multidimensional Functions 11 Differentiation of Multidimensional Functions 12 Integration of Multidimensional Functions

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): D. Psychoyios Recommended Reading: The unit will use journal articles and handouts. Some texts that the students may need to consult (and for which directed reading will be suggested in classes) are: In English

• G.C. Smith (1998). Introductory Mathematics: Algebra and Analysis, Springer Undergraduate Mathematics Series.

• M. Spivak (2006). Calculus, Cambridge University Press. • G. Strang (2009). Introduction to Linear Algebra, Cambridge University Press. • J. Stewart (2008). Calculus, Brooks/Cole.

In Greek

• E.C. Fountas (2008). [Mathematics and Applications], Vol. 1, Varvarigou Publ. ISBN: 978-960-7996-29-9.

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• E.C. Fountas (2008). [Mathematics and Applications], Vol. 2, Varvarigou Publ. ISBN: 978-960-7996-33-6.

• M. Loukakis (2009). [Mathematics for Economic Sciences], Vol. A, 3rd Ed., Sophia, Ltd Publ. & Trading Co. ISBN: 978-960-87438-5-4.

• M. Loukakis (2010). [Mathematics for Economic Sciences], Vol. B, 3rd Ed., Sophia, Ltd Publ. & Trading Co. ISBN: 978-960-87438-6-1.

[ΤΕΠΛΗ01] INTRODUCTION TO COMPUTERS [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: First Learning Outcomes/Objectives: A basic course on:

• Computers and computer networks (LAN, WAN, MAN). • LAN architectures (bus, ring, star, mesh, tree, hybrid). • Introduction to the Internet, intra- and extra-nets, the World Wide Web:

protocols and services. • Navigating the World Wide Web: web browsers (text and graphical), subject

directories (academic, professional, commercial portals), (deep and meta-) search engines, static and dynamic web pages.

• Hypertext as a selective, multi-serial means of navigating and accessing information using hyperlinks.

• Web page creation via HTML. Course Unit Format: Weekly classes and laboratories based on the notes appearing at http://www.tex.unipi.gr/undergraduate/notes/eisagogi_comp/main.htm Course Unit Contents:

Weeks Topics Covered 1 Computer networks 2 LAN architectures 3 The OSI model 4 The World Wide Web 5 The Internet 6 Internet protocols, browsing the Web 7 HTML, HEAD, TITLE, BODY, H, P tags 8 BR, NOBR, HR, text formatting and comment tags 9 BGCOLOR, BACKGROUND, TEXT, LINK tags 10 BGSOUND, IMG, MARQUEE tags 11 List and Table tags 12 Hyperlink and form tags

Assessment Methods and Criteria: Interview-style exam; a Web page created by each student is shown and discussed, while Web-related questions are also answered. Course Unit Instructor(s): T. Tambouratzis

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Recommended Reading: In Greek

• C. Douligeris, E. Kopanaki, R. Mavropodi (2004). [Internet Technologies : Principles & Applications in Internet Programming], 3rd ed., Niriides Publ. ISBN: 960-87450-7-1.

• I.-C. Panagiotopoulos (2003). [Internet Programming JAVA], Stamoulis SA Publ. ISBN: 960-351-471-3.

[ΤΕΟΙΚ01] ECONOMICS I [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: First Learning Outcomes/Objectives: The course stresses the analysis of microeconomic concepts. It emphasizes the determination of price by supply and demand, utility, cost and supply, equilibrium of the firm, market structures, pricing of productive factors and international trade and finance. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): J. Paleologos Recommended Reading: In Greek

• J.M. Paleologos (2006). [Modern Microeconomic Theory], Stamoulis SA Publ. ISBN: 960-351-647-3.

• J.M. Paleologos (2008). [Microeconomic Theory Excercises], 2nd Ed., Stamoulis SA Publ. ISBN: 978-960-351-737-5.

• N. Walter (2008). [Microeconomic Theory], 2nd ed., Kritiki SA Publ. (for the Greek edition) ISBN: 978-960-218-553-7.

[ΤΕΚΟΙ01] SOCIOLOGY [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: First Learning Outcomes/Objectives: The course gives an introduction to the fundamental principles of group life and human behaviour. It emphasizes on natural and social heritage and on the meaning and functions of culture. The topics covered examine the sociological analysis of industry in terms of changing structure and processes, as well as the transition

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from self-employment to bureaucratic employment, including specialization, mass production and impersonal and formally integrated organization. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): E. Nina-Pazarzi Recommended Reading: In Greek

• E. Nina-Pazarzi (2003). [Sociology], Vol. A, 2nd Ed., Georgia Benou Publ. ISBN: 960-8249-09-2.

• E. Nina-Pazarzi (2010). [Sociology: Social Organization and Social Change].

[ΤΕ∆ΙΚ03] COMMERCIAL LAW [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: First Learning Outcomes/Objectives: This course gives the general background and systems of law with special emphasis on contracts and sales and their application within the common law and the commercial code. The topics covered are: partnerships, corporations, negotiable instruments, personal and real property and decedents estates. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): A. Sinanioti-Maroudi Recommended Reading: In Greek

• A. Sinanioti-Maroudi (2000). [Commercial Law Volume I-General Part], Ant. A. Sakkoula Publ., ISBN: 978-960-15-0331-5.

• A. Sinanioti-Maroudi (2010). [Commercial Law Volume II-Companies], Ant. A. Sakkoula Publ., ISBN: 978-960-15-2342-2.

• E.E Perakis (2006). [General Part of the Commercial Law], 2nd Ed., Law Library Editions SA, ISBN: 978-960-272-038-7.

• N. Rokas (2008). [Trading Companies], 6th Ed., Ant. A. Sakkoula Publ., ISBN: 978-960-15-2129-9.

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Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: First Learning Outcomes/Objectives: The course gives the basics on physical phenomena related to industrial processes, assisting students to gain the knowledge background required for the courses of Unit Operations (3rd semester) and Industrial Chemical Processes (4th semester), which, in their turn, will provide the background for Industrial Branches and Materials I and II (4th and 5th semester, respectively). After studying the syllabus material, students should be able to:

• Handle/determine/estimate the conversion of raw materials to products, by-products and waste.

• Evaluate/estimate indices related to the cost-effectiveness of chemical reactions. • Identify/describe situations that are critical for the technoeconomic optimization of

large-scale physicochemical systems. • Calculate the energy conversions that take place during physicochemical reactions. • Produce total cost functions by co-counting financial and technological parameters. • Distinguish and identify material/product properties, relating them to the conditions

of their industrial production. Course Unit Format: 60% class lectures and 40% laboratory work within a four-hour weekly schedule. Course Unit Contents:

Weeks Topics Covered 1 Structure and states of matter. Energy and energy conversions. 2 Entropy and the laws of thermodynamics. Thermochemistry.

3 Chemical reactions converting raw materials to products, by-products and wastes.

4 Acids, bases, salts. 5 Quality control and neutralization of wastes. 6 Recovery of raw materials. Cost-effectiveness of chemical reactions. 7 Equilibrium and technoeconomic optimization. 8 Kinetics, catalysis and energy saving.

9 Electrolysis and industrial applications (recovery of metals, anodization, plating).

10 Corrosion and materials preservation. 11 Elements of biological activity. Biotechnology. 12 Laboratory and computational simulation.

Assessment Methods and Criteria: 40% laboratory work and 60% end of semester final exam (open book). Course Unit Instructor(s): C. Siontorou Recommended Reading:

[ΤΕΦΥΣ01-1] PHYSICAL SCIENCES [4.5] ECTS

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The unit will use lecture handouts and notes for the laboratory section. Some texts that the students may need to consult are: In Greek

• A. Stavropoulos (1988). [Physical Sciences, Introduction to Chemistry. Physics, Biology], Stamoulis SA Publ.

• P. Atkins (2010). [Physical Chemistry], Vol. I, Inst. Technol. & Res., University Publ., of Crete (for the Greek edition) ISBN: 978-960-7309-51-8.

SECOND SEMESTER

[ΤΕΜΑΘ07] MATHEMATICS II [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: First Learning Outcomes/Objectives: This is a calculus course primarily designed to encourage (i) breadth of experience in the development of mathematical skills and (ii) the development of investigative thinking and the application of mathematical knowledge to unfamiliar problems. The topics covered include:

• Sequences • Series • Convergence of series, power series and Taylor’s series, indeterminate forms,

exponent functions and their derivatives, inverse functions, hyperbolic functions, harmonic oscillation, differential equations (splitting variables, linear of first and second order), solving with power series

• Fourier series • Difference equations • Integration techniques for generalized Integrals and double integrals • Combinatorial analysis with applications on work flow • Applications of functions of two or more variables in economic issues (Production

function, Utility function, marginal production, marginal utility), applications of critical path analysis

Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): E. Fountas Recommended Reading: In Greek

• A.G. Sapounakis, E. Fountas (2008). [Analysis and Applications], Vol. 1, M. Varvarigou Publ., ISBN: 978-960-7996-32-9.

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• A.G. Sapounakis, E. Fountas (2008). [Analysis and Applications], Vol. 2, M. Varvarigou Publ., ISBN: 978-960-7996-33-6.

• A.G. Sapounakis, P.G. Tsikouras (2003). [Fourier Analysis], M. Varvarigou Publ., ISBN: 978-960-7996-14-3.

• A. Panagiotopoulos, A.G. Sapounakis ( 1989). [Calculus], Vol. I, Stamulis SA Publ. • A. Panagiotopoulos, A.G. Sapounakis ( 1990). [Calculus], Vol. II, Stamulis SA Publ. • G. Fountas (2007). [Differential Calculus], G. Fountas Publ., ISBN: 960330567-7.

[ΤΕΠΛΗ02] DATA PROCESSING - PROGRAMMING- LANGUAGES

[4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: First Learning Outcomes/Objectives: This course offers an introduction to programming. The topics covered are:

• Commands for processing data (input, transformation, storage etc.); computation of results (output, graphical representation).

• Computer code: programming languages (assembler, machine, symbolic, low- and high-level).

• Algorithm construction, program creation and optimisation: (a) Constants, variables, data structures. (b) Numerical, logical, relational, string operations/operators and their priority. (c) Input/output commands. (d) Data/command flow control (branching in the form of IF-THEN-ELSE and SWITCH-CASE, cycling/loops in the form of FOR-END and WHILE-END etc.). (e) Subprograms, subroutines, functions. (f) The usefulness of comments.

Course Unit Format: Weekly classes and laboratories, based on the notes appearing at http://www.tex.unipi.gr/undergraduate/notes/diax_dedomenon/main.htm Course Unit Contents:

Weeks Topics Covered 1 Basics and interface 2 Mathematical and logical relations 3 The IF ELSE command 4 The FOR command 5 The WHILE command 6 Programs and subprograms 7 Functions 8 Graphics and plots

9 Introduction of the toy-problem to be implemented (differs each year)

10 Explanation of key-points concerning the problem under implementation

11 Explanation of key-points concerning the problem under implementation

12 Explanation of key-points concerning the problem under implementation

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Assessment Methods and Criteria: Interview-style exam; the implementation of the toy-problem created by each student is shown and discussed. A short program is also implemented on-the-spot (in front of a PC) by each student. Course Unit Instructor(s): T. Tambouratzis Recommended Reading: In Greek

• E. Papathanasiou (2003). [Computer Information Systems], 3rd Ed., G. Benou Publ., ISBN: 960-8249-33-3.

• I.-C. Panagiotopoulos (2002). [Object-Orientated Programming C++/VISUAL C++], Stamoulis SA Publ.

[ΤΕΟΙΚ02] ECONOMICS II [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: First Learning Outcomes/Objectives: This course enhances students’ knowledge of fundamental economic facts and concepts and gives an introduction to the basic economic institutions: organization of the economy, government finance and taxation, national income accounting, business cycles, the banking system and deposit creation, monetary and fiscal policy. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): J. Paleologos Recommended Reading: In Greek

• A.B. Abel, B.S. Bernanke, D. Croushore (2010). [Macroeconomics], Vol. A, 2nd Ed., Publ. Kritiki SA, ISBN: 978-960-218-655-8.

• A.B. Abel, B.S. Bernanke, D. Croushore (2010). [Macroeconomics], Vol. B, 2nd Ed., Publ. Kritiki SA, ISBN: 978-960-218-656-5.

• J.M. Paleologos (2004). [Macroeconomic Theory Exercises], 2nd Ed., Stamoulis SA Publ., ISBN: 960-351-512-4.

[ΤΕΣΤΑ01] STATISTICS I [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: First Learning Outcomes/Objectives: This course is an introduction to probability theory and random variables. The objective of the course is to offer a language and set of tools for

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understanding uncertainty, randomness and risk. The topics covered include sample spaces and events, conditional probability, total probability, Bayes' Theorem, some discrete and continuous distributions, mean and variance and multivariate distributions. No previous study of probability and statistics is assumed, and a standard 2-semester course in calculus should provide an adequate mathematical background. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Sample spaces and events; Methods of enumeration; Probability axioms; Properties of probability.

2 Conditional probability; Theorem of total probabili ty.

3 Bayes' Theorem; Independence.

4 Definition of random variables; Distribution functi ons.

5 Mathematical expectation, Variance, Moments and Quantiles of a distribution.

6 Discrete distributions: Bernoulli trials, Binomial distribution, Geometric distribution.

7 Discrete distributions: Hyper geometric distribution, Poisson Distribution.

8 Discrete distributions: Empirical distribution.

9 Continuous distributions: Uniform distribution, Ex ponential distribution, Normal distribution.

10 Multivariate distributions: Distribution functio ns; .Independence.

11 ,Multivariate distributions: Moments, Correlation C oefficient.

12 The law of large numbers; Central limit theorem. Assessment Methods and Criteria: 100% end of semester final exam. or two 50% exams during semester Course Unit Instructor(s): L. Camarinopoulos & Adjunct Lecturer Recommended Reading: In Greek

• L. Camarinopoulos (1995). [Elements of Probability Theory], Pelagia Ziti & Co. Publ., ISBN: 960-431-136-0.

• M.R. Spiegel (1977). [Probability and Statistics], translation S.K. Persidis, ESPI Publishing Co. Ltd (for the Greek edition).

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[ΤΕΟ∆Ε02-1] INDUSTRIAL MANAGEMENT I [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: First Learning Outcomes/Objectives: Industrial Management is a special module of applied ‘Business Economics’ that focuses on Industrial Enterprises. The module is divided into three parts, I, II, and III at the 2nd, 3rd and 4th semester, respectively, which provide the knowledge required for understanding the individual sub-functions of an Industrial Unit. Part I introduces students to the relevant scientific field. The course starts with the basic concepts and disciplines of Economic Science, along with the key features of Business Economics that will give students a better insight of the field and help define the scope and methodology of Industrial Management. Special attention is given to the concept of production factors and business goals. The main classification schemes of enterprises under various criteria are presented, while the industry location problem is also discussed. The topics covered include also the basic principles of economic calculus and some key concepts of Management Science, such as productivity, cost-effectiveness and efficiency. Upon completion of the course the students will:

• Become familiar with the basic concepts of Management Science • Gain an overview of the structure and objectives of different types of enterprises • Become familiar with basic tools used for the quantitative analysis of administrative

problems • Gain an overview of the field of Industrial Management

Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Management Economics and Industrial Management 2 Production factors in Industrial Management 3 Production enterprises and their goals/objectives 4 Types of business enterprises 5 Legal forms of business enterprises 6 Enterprise size and associated characteristics 7 Forms of enterprise cooperation 8 Business accounting and its importance 9 Productivity and efficiency 10 Debt and equity securities 11 Location of industrial facilities 12 Basic approaches in Industrial Management

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): L. Kamarinopoulos, J. Giannatsis Recommended Reading:

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In Greek • ΜΠΟΥΡΑΝΤΑΣ ΔΗΜΗΤΡΙΟΣ, «ΜΑΝΑΤΖΜΕΝΤ», Εκδ. ΓΕΩΡΓΙΑ ΣΩΤ. ΜΠΕΝΟΥ, 2002,

ISBN: 960-8249-23-6.

• ΧΥΤΗΡΗΣ ΛΕΩΝΙΔΑΣ, «ΜΑΝΑΤΖΜΕΝΤ ΑΡΧΕΣ ΔΙΟΙΚΗΣΗΣ ΕΠΙΧΕΙΡΗΣΕΩΝ»,

ΝΙΚΗΤΟΠΟΥΛΟΣ Ε & ΣΙΑ, 2006, ISBN: 960-390-165-2.

[ΤΕΗΜΧ03-1] ELEMENTS OF ENGINEERING MECHANICS [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: First Learning Outcomes/Objectives: This course is to introduce the basic principles of engineering mechanics with emphasis on their analysis and application to practical technical/engineering problems. After this course, students should have the ability to:

• Solve for the resultants of any force systems • Determine equivalent force systems • Determine the internal forces in plane frames, simple span trusses and beams • Solve the mechanics problems associated with friction forces • Obtain the centroid, first moment and second moment of an area • Describe the motion of a particle in terms of its position, velocity and acceleration in

different frames of reference • Analyze the forces causing the motion of a particle • Use the equation of motion to describe the accelerated motion of a particle • Apply work, energy, impulse and momentum relationships for a particle in motion • Describe the motion of a rigid body in different frames of reference

Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered Statics Dynamics

1 Introduction Units, definitions and basic principles

Introduction Elementary vector calculus

2 Force Vectors Force resolution and combination

Kinematics of Particles Definition of velocity & acceleration. Linear motion.

3 Equilibrium of a Particles Free body and force diagrams; Equilibrium of a particle

Kinematics of Particles General curvilinear motion

4 Equilibrium of a Particles Free body and force diagrams; Equilibrium of a particle

Kinematics of Particles Relative motion

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Rigid Body Force Systems Moment of a force about a point; Moment of a force about an axis; Couples; Reduction of

Application Examples I Kinematics of particles problem solving examples

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force and couple system

6

Rigid Body Force Systems Moment of a force about a point; Moment of a force about an axis; Couples; Reduction of force and couple system

Newton’s 2nd Law Linear momentum of a particle. Rate of change of Linear momentum

7 Equilibrium of a Rigid Body Internal and external forces Equilibrium of a rigid body

Newton’s 2nd Law Equation of motion.

8 Equilibrium of a Rigid Body Internal and external forces Equilibrium of a rigid body

Application Examples II Newton’s 2nd Law problem solving examples

9 Distributed Forces Centroids and centers of gravity

Energy Methods Work of a force. Kinetic energy & principle of energy & work.

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Analysis of Structures Trusses: method of joints Trusses: method of sections Forces in frames and beams

Energy Methods Potential energy Conservation of energy Power & efficiency

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Analysis of Structures Trusses: method of joints Trusses: method of sections Forces in frames and beams

Momentum Methods Principle of impulse & momentum

12 Friction Law of friction; Angles of friction

Application Examples III Problem solving examples involving energy and momentum

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): V. Dedoussis, D. Karalekas Recommended Reading: In Greek

• F.P. Beer & E.R. Johnston (2007). [Engineering Mechanics-Statics], Fountas Publ. (for the Greek Edition).

• F.P. Beer & E.R. Johnston (2008). [Engineering Mechanics-Dynamics], G. Fountas Publ. (for the Greek Edition).

• R.C. Hibbeler (2010). [Statics], G. Fountas Publ. (for the Greek Edition), ISBN: 978960330715-0

THIRD SEMESTER

[ΤΕΗΜΧ05] DESIGN OF MACHINE ELEMENTS AND MANUFACTURING PROCESSES

[4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter

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Year of Study: Second Learning Outcomes/Objectives: Introducing students to fundamentals of mechanics of deformable materials and to basic tools for stress, strain and deformation analysis. Methods for determining the stresses, strains and deformations produced by applied loads are presented. Students completing successfully the course should be able to:

• Analyze and design components and structural members subjected to tension, compression, torsion, bending and combined loads using fundamental concepts of stress, strain, elastic and inelastic behaviour.

• Recognize the nature of a components loading, classify its response and determine where supplemental material can be found to aid in analysis of its response.

Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Introduction – Concept of Stress

2 Stress and Strain – Axial Loading (Normal strain, True stress-strain, Hooke’s Law, Modulus of Elasticity, Elastic-plastic behaviour)

3 Stress and strain – Axial Loading (Repeated Loading-fatigue, statically indeterminate problems, Temperature changes, Poisson’s ratio)

4 Stress and strain – Axial Loading (Multiaxial loading, shearing strain, Saint-Venant’s principle, stress concentrations, plastic deformations)

5 Moments of Areas 6 Torsion 7 Pure Bending 8 Transverse Loading 9 Design of Beams and Shafts for Strength 10 Deflection of Beams by integration 11 Bearings-lubrication, annual wheel 12 Examples of applications and exercises

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): D. Karalekas Recommended Reading: In Greek

• F.P. Beer & E.R. Johnston (2000). [Mechanics of Materials], Vol. A, 2nd Ed., Publ. A. Tziolas & Sons SA (for the Greek Edition), ISBN: 960-7219-85-6.

• F.P. Beer & E.R. Johnston (2000). [Mechanics of Materials], Vol. B, 2nd Ed., Publ. A. Tziolas & Sons SA (for the Greek Edition), ISBN: 960-7219-86-4.

• R.C. Hibbeler (2010). [Mechanics of Materials], Vol. I, G. Fountas Publ. (for the Greek Edition), ISBN: 9789603307181

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[ΤΕΣΤΑ02] STATISTICS II [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: Second Learning Outcomes/Objectives: This course covers the concepts and techniques concerning statistical inference. The topics covered include: sampling and sampling distributions, basic estimation theory and methods of estimation, hypothesis testing, chi-square test, simple regression analysis and the analysis of variance. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Basic sampling theory; Sampling distributions and their asymptotic properties.

2 Point Estimation; Basic properties of estimators.

3 Methods of point estimation: Method of moments; Maximum likelihood method.

4 Methods of interval estimation: Introduction to confidence intervals; Confidence intervals for means.

5 Confidence intervals for variances; Confidence intervals for proportions

6 Confidence intervals for the difference of two means ;Sample size.

7 Test of statistical hypothesis: Some examples and definitions; One sided and two sided tests; Type I and Type II errors.

8 Test of statistical hypothesis: Tests of means and proportions; Test of variances and differences of means; Power of a statistical test.

9 Chi-square goodness of fit test. 10 Chi-square independence test.

11 Simple regression analysis: The linear regression model; Estimation of the parameters of the linear model; Least square method; Estimation and prediction intervals

12 Analysis of variance(ANOVA): Fixed-effects and random-effects models; Assumptions of ANOVA; Sum of squares; F-test; Study up tests.

Assessment Methods and Criteria: 100% end of semester final exam. or two 50% exams during semester Course Unit Instructor(s): L. Camarinopoulos & Adjunct Lecturer Recommended Reading: In Greek

• A.P. Kiochos (1998). [Statistical Inference], E. Nikitopoulos and Co., ISBN: 960-390-033-8.

• M.R. Spiegel (1977). [Probability and Statistics], translation S.K. Persidis, ESPI Publishing Co. Ltd (for the Greek edition).

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[ΤΕΠΑΡ25-1] UNIT OPERATIONS [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: Second Learning Outcomes/Objectives: The course will help students to (i) familiarize themselves with the physical processes that are commonly used in industry, which along with the chemical processes, form the flowchart (necessary tool for the management of production at all levels, from technical control till costing) of any industrial unit; (ii) use technoeconomic criteria in the optimization of the design and operation of industrial unit operations (either alone or in combination); (iii) gain the knowledge background required for the courses of Industrial Chemical Processes and Industrial Branches and Materials I (4th semester), as well as for the advanced course on Industrial Branches and Materials II (5th semester). Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Equations on the conservation of mass and energy. 2 Analysis of flow in pipelines. 3 Principles of operation and characteristics of pump systems. 4 Elements of thermodynamics. Industrial applications. 5 Heat exchangers.

6 Analysis of physical systems as per energy and technoeconomic criteria.

7 Unit operations: distillation, extraction, filtrati on, evaporation-condensation, precipitation, crystallization.

8 Unit operations: adsorption-absorption

9 Unit operations: size reduction and mechanical separation of solids, intra-industrial transportation and storage of solids.

10 Composition of industrial processes.

11 Material balances at steady-state conditions in individual operations and industrial sub-systems.

12 Modeling /simulation and optimization of industrial processes, singly or in combination

Assessment Methods and Criteria: 100% - end of semester final exam (open book). Course Unit Instructor(s): D. Sidiras and V. Dedoussis Recommended Reading: The unit will use lecture notes and handouts. Some texts that the students may need to consult are: In Greek

• A. Stavropoulos (1989), [Introduction to Industrial Branches], Stamoulis SA Publ.. • I. Gientekakis (2010). [Unit Operations], Klidarithmos Ltd. Publ., ISBN: 978-960-

461-346-5

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[ΤΕΛΟΓ41] FINANCIAL AND COST ACCOUNTING I [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: Second Learning Outcomes/Objectives: This course focuses on the general principles of financial accounting. Specifically, the course is structured around the fundamental concepts of presentation and usefulness of financial statements and provides an in depth analysis of both the accounting cycle (that is the systematic process used in order to recognize and record accounting events) and of the theoretical background on which current financial accounting practice is based on (that is accounting principles, qualitative characteristics of accounting information etc). Therefore, the course emphasizes on basic issues related to the recognition of assets, liabilities, revenues and expenses through the debit and credit of accounts, the preparation and use of trial balances, the recording of adjusting entries, the understanding of the concept of income and the preparation of financial statements (Balance Sheet and Income Statement). Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): J. Sorros Recommended Reading: In Greek

• C. Kazantzis (2008). [Principles and Standards of Financial Accounting], Business Plus SA Publ., ISBN: 978-960-88983-3-2.

• C. Kazantzis, J. Sorros (2005). [Problems and Applications of Financial Accounting], Business Plus SA Publ., ISBN: 96088983-0-7.

• W.B. Meigs, R.F. Meigs (1988). [Accounting, The Basis of Business Decisions], Publ. Papazisis SA. (for the Greek Edition), ISBN: 978-960-02-0748-4.

[ΤΕΟ∆Ε03] INDUSTRIAL MANAGEMENT II [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: Second Learning Outcomes/Objectives: Industrial Management is a special module of applied ‘Business Economics’ that focuses on Industrial Enterprises. The module is divided into three parts, I, II, and III at the 2nd, 3rd and 4th semester, respectively, which provide the knowledge required for understanding the individual sub-functions of an Industrial Unit. Part II presents issues related to the organization and the human factor. The course presents some basic concepts on organizational structures of industrial enterprises and examines the firm as a

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social system. After discussing the basic pay systems, it presents the main study methods of employment, motivation and communication. Special attention is also given to the concepts of Administration and leadership. Finally, the course reviews the basic techniques used to auditing, such as budgets. During the course the students will:

• Gain knowledge on the basic methods and structures of business administration • Examine key issues related to the human factor • Become familiar with the concepts of leadership and administration • Become familiar with basic tools and techniques used in auditing • Examine the decision-making process

Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 The enterprise as a social system 2 Organization principles of industrial enterprises 3 Organizational justice and ethics 4 Formal and informal organization / group dynamics 5 Communication in organizations 6 Perception, learning and individual differences 7 Job satisfaction and commitment 8 Compensation schemes in industrial enterprises 9 Motivation 10 Control and administration 11 Leadership 12 Organizational Culture

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): L. Kamarinopoulos & J. Giannatsis Recommended Reading: In Greek • ΧΥΤΗΡΗΣ Σ. ΛΕΩΝΙ∆ΑΣ, «ΟΡΓΑΝΩΣΙΑΚΗ ΣΥΜΠΕΡΙΦΟΡΑ», ΝΙΚΗΤΟΠΟΥΛΟΣ

Ε ΚΑΙ ΣΙΑ ΟΕ, 2001, 960-390-088-5. • ΧΑΡΑΛΑΜΠΟΣ Κ. ΚΑΝΕΛΛΟΠΟΥΛΟΣ, «ΜΑΝΑΤΖΜΕΝΤ -

ΑΠΟΤΕΛΕΣΜΑΤΙΚΗ ∆ΙΟΙΚΗΣΗ», CeMS ΕΠΕ, 2003, 960-8404-00-2.

[ΤΕΠΛΗ65] COMPUTER APPLICATIONS [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Winter Year of Study: Second Learning Outcomes/Objectives: This course is designed to further provide an understanding of computer concepts and technology and its use in business settings.

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E-Commerce, E-Commerce Technology, Internet, Extranet, Intranet, B2B, B2C, G2C, G2B E-Commerce, Strategic aspects of E-Commerce, E-Marketing, Safety in the E-Commerce, E-Market Places, Multimedia, Multimedia Hardware and Software, Designing Multimedia applications, Building Multimedia Presentations, Using Existing Software (Tool Book, Authorware) for Multimedia Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Basic Terms, Safety, E – Threats, Technology 2 Internet – Intranet – Extranet, E Market Places 3 Consumer and E-Commerce 4 E-Commerce Technology, Creating E-Commerce Services 5 B2B E-Commerce, B2C E-Commerce 6 Strategic Implementation of E-Commerce in the Greek Enterprise 7 E-Marketing 8 E-Government, G2C, G2G, G2B E-Commerce 9 Creative Multimedia applications 10 Multimedia Platforms, Toolbook 11 Building Successful Sites. 12 Virtual Enterprises

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): G. Chondrokoukis Recommended Reading: In Greek

• G. Chondrokoukis (2008). [Introduction to Electronic Commerce], M. Varvarigou Publ., ISBN: 978-960-7996-19-02.

• G. Doukidis, N. Papazaphiropoulou, M. Themistokleous, V. Drakos (1998). [Electronic Commerce], Publ. New Technologies Ltd, ISBN: 960-7981-05-7.

FOURTH SEMESTER

[ΤΕΠΑΡ01-1] INDUSTRIAL BRANCHES AND MATERIALS I

[4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: Second Learning Outcomes/Objectives: The course is the first part of the module on the design and operational parameters the Greek industrial branches (concluded with the second part at the 5th semester), classified on the basis of raw materials, i.e., inorganic (part I) and organic (part II). These parameters, coupled with material and energy balances, are used for the

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quantitative assessment of various technoeconomic indices of production (at steady-state conditions) with a view to optimizing control and assuring compliance with specifications pre-set by the customer or the market. In order to cultivate and stimulate interest in the subject, the course uses real numerical data, either obtained directly from Greek industrial units (with educational visits to some of these) and from the commodity market, or from cost assessments that are based on data derived from physical simulators in the Laboratory of Simulation of Industrial Processes. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Water Treatment and Management. 2 Desalination and Reuse. 3 Exploitation of Renewable Energy Sources.

4 Industrial Gases Production (Oxygen, Nitrogen, Ozone, Inert Gases, Hydrogen, Carbon Dioxide, Fluorine, Hydrogen Fluoride).

5 Co-production, Storage, and Transportation problems.

6 Sulphur and its products. The Fertilizer Industry. Optimal mixing of simple fertilizers.

7 Common Salt and its chemical or electrochemical products. 8 Ores and Minerals. Mine Management.

9 The Iron and Steel Industry. The Industry of Metal Treatment and Finishing.

10 Non Ferrous Metals and Alloys. 11 The Industry of Construction Materials. 12 Solid fossil fuels and the Electric Energy Production Industry.

Assessment Methods and Criteria: 100% - end of semester final exam (open book). Course Unit Instructor(s): C. Siontorou Recommended Reading: The unit will use lecture notes and handouts. Some texts that the students may need to consult are: In Greek

• S.K. Karvounis (1998), [Industrial production], Stamoulis SA Publ..ISBN : 960-351-169-2

• D. Zamboulis, An. Zamboulis, K. Matis, P. Mavros (2009). [Introduction to Chemical Technology ], Publ. A. Tziola & Sons, ISBN: 978-960-418-196-4

[ΤΕΛΟΓ42] FINANCIAL AND COST ACCOUNTING II [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: Second

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Learning Outcomes/Objectives: The course measures financial and non-financial information related to operation cost of an organization and produces reports useful and necessary for the Financial and Management Accounting. The course gives a comprehensive presentation and analysis of cost concepts, including the investigation of cost’s environment, the classification of concepts based on criteria and the determination of its behaviour. Then it analyzes the components to determine the costs, the direct materials, direct labour cost and other manufacturing costs. It presents the two basic cost techniques for costing products and services, the job order and the process costing. In addition, it develops methods for evaluation of inventories in work in process and in finished goods. Special attention is also given to the methods used for the evaluation of inventories according to the Greek taxation system. Some topics that are further discussed are

• join production, production by-products, residues, specific issues of scrap and defect • methods of variable cost accounting and standard cost • the relationship between Cost - Volume – Profits and the issue of Variations. • Activity Base Costing and the concepts of the Budget and Cost Control. • The analytical ledger of the holding and practical examples

Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): J. Sorros Recommended Reading: In Greek

• C. Kazantzis, J. Sorros (2010). [Principles of Cost I], Business Plus SA Publ. • C. Kazantzis, J. Sorros (2009). [Principles of Cost II], Business Plus SA Publ., ISBN:

978-960-88983-4-9 • C. Kazantzis, J. Sorros (2006). [Problems and Application of Cost Accounting],

Business Plus SA Publ., ISBN: 978-960-88983-2-5 • G. Venieris, S. Cohen, M. Koletsi (2005). [Cost Accounting – Principles and

Applications], 2nd Ed., P. Ioannidou & Co Publ., ISBN: 9608767849

[ΤΕΗΜΧ04-1] INTRODUCTION TO ELECTRICAL CIRCUITS

[4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: Second Learning Outcomes/Objectives: The course gives the fundamental concepts on electrical circuitry and studies their integration into practical issues of design, analysis and evaluation of electrical devices. Upon completion of the course the students will gain the knowledge background necessary for advanced studies. The course will cover the topics of:

• Basic concepts and definitions.

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• Kirchhoff Laws. • Circuitry simplification and equivalence with passive and active components. • Signals • First and second order circuits. • Introduction to sinusoidal functions and complex numbers. • Sinusoidal steady state. • AC circuits.

Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Introduction to Electrical Circuits 2 Fundamental Laws 3 Electrical Elements 4 Basic Networks 5 Basic Networks 6 Circuit Transformations and Simplifications 7 Test Signals 8 Advanced Signals 9 Sinusoidal Functions and Complex Numbers 10 First and Second Order Electrical Circuits 11 Sinusoidal Steady State 12 Sinusoidal Steady State

Assessment Methods and Criteria: Written midterm and final test. Tests focus on the solution of four to five problems that cover the taught material. Both tests correspond to 50% of the final grade. Course Unit Instructor(s): D. M. Emiris and A. Flamos Recommended Reading: In Greek

• N. Margaris (2008). [Analysis of Electrical Circuits], Vol. A, Publ. A. Tziolas & Sons Co., ISBN: 960-8050-24-3

• G.E. Chatzarakis (2002). [Electrical Circuits], Vol. A, 2nd ed., Publ. A. Tziolas & Sons Co., ISBN: 960-8129-09-5

[ΤΕΜΑΘ33] OPERATIONAL RESEARCH I [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: Second Learning Outcomes/Objectives: The course aims to introduce students to the methodology of decision-making using Operational Research methods, and in particular the Linear Programming model which is the "backbone" of mathematical programming methods. The course complements other courses which present the use of quantitative methods for decision making. The emphasis is on understanding the

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theory and concepts, through the use of examples. The main topics cover the mathematical formulation of problems, graphical solution of simple cases, the algebraic method of Simplex, the duality and sensitivity analysis. The course includes a demonstration of the software, while the main aim is to familiarize the student with the terminology used worldwide to enter data, read reports and understand results. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: Weeks Topics Covered 1 Introduction to linear programming problems 2 Mathematical formulation of the problem 3 The graphical solution method as a comprehension tool 4 The concepts of basis and basic feasible solutions 5 Introduction to Algebraic Simplex method in the form of equations 6 Tabulating the Simplex method and standard form 7 Solution of special cases using the Simplex method 8 The concept of duality 9 Relationship between the primary and the dual problem 10 Sensitivity Analysis: objective function coefficients 11 Sensitivity Analysis: constraints right hand sides 12 Revision exercises Assessment Methods and Criteria: 100% - end of semester final exam. Course Unit Instructor(s): S. Sofianopoulou Recommended Reading: In Greek

• G. Economou, A. Georgiou (2006). [Quantitative Analysis for Administrative Decision Making], Vol. A, E. Benou Publ., ISBN: 960-359-058-4.

• N.P. Blesssios (1989). [Quantitative Analysis of Administrative Decisions], Vol. A, Stamoulis SA Publ.

[ΤΕΟ∆Ε04] INDUSTRIAL MANAGEMENT III [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: Second Learning Outcomes/Objectives: Industrial Management is a special module of applied ‘Business Economics’ that focuses on Industrial Enterprises. The module is divided into three parts, I, II, and III at the 2nd, 3rd and 4th semester, respectively, which provide the knowledge required for understanding the individual sub-functions of an Industrial Unit. Part III presents, in brief, the basic functions of Production, Research and Development, Ergonomics, Logistics, and Quality Control. The course aims at enhancing students’ knowledge of the

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basic functions of an Industrial Enterprise, enabling them to study the advanced courses on special issues of the module. During the course the students will:

• Gain an overview of the basic functions and characteristics of an enterprise • Examine key business problems as inventory management, quality control and

product development • Become familiar with basic tools and techniques used in programming and project

management Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Production systems and their types 2 Operations strategy 3 Design of production systems 4 Capacity planning 5 Productivity and process analysis 6 Production scheduling and control 7 Facility layout and waiting lines 8 Work design and time analysis 9 Product design and development 10 Inventory management 11 Project management 12 Quality control

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): L. Kamarinopoulos, J. Giannatsis Recommended Reading: In Greek • N. SLACK, S. CHAMBERS, R. JOHNSTON, «∆ΙΟΙΚΗΣΗ ΠΑΡΑΓΩΓΗΣ

ΠΡΟΪΟΝΤΩΝ ΚΑΙ ΥΠΗΡΕΣΙΩΝ», ΕΚ∆. ΚΛΕΙ∆ΑΡΙΘΜΟΣ, 2010, ISBN: 978-960-461-315-1

• Γ. ΙΩΑΝΝΟΥ, «∆ΙΟΙΚΗΣΗ ΠΑΡΑΓΩΓΗΣ ΠΡΟΙΟΝΤΩΝ ΚΑΙ ΥΠΗΡΕΣΙΩΝ», ΕΚ∆. ΣΤΑΜΟΥΛΗ, 2005, ISBN: 960-351-628-7.

[ΤΕΦΥΣ02-1] INDUSTRIAL CHEMICAL PROCESSES [4.5] ECTS

Level of Course Unit: Basic Type of Course Unit: Compulsory Period: Spring Year of Study: Second Learning Outcomes/Objectives: The course gives the basics on chemical processes used in industrial production, assisting students to gain the knowledge background required for the courses of Industrial Branches and Materials I and II (4th and 5th semester, respectively).

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After studying the syllabus material, students should be able to: • Quote the basic chemical processes and place them in the manufacturing flowcharts

of representative industrial units. • Evaluate/estimate the scaling up of the chemical transformation of matter from small-

to medium and to industrial level. • Calculate economies of scale and external economies when industrial units are

combined. • Calculate material and energy balances at non steady-state conditions. • Determine the optimal installation capacity.

Course Unit Format: 65% class lectures and 35% laboratory work within a four-hour weekly schedule. Course Unit Contents:

Weeks Topics Covered

1

Basic chemical processes and their placement in manufacturing flowcharts of representative industrial units, putting emphasis on those that are most important in the Greek secondary production sector.

2 Scaling up of the chemical transformation of matter from small- to medium and to industrial level.

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Analysis of problems that occur in various industrial processes, by downscaling and investigation at lab-scale. Methodology of problem-solving using physical simulators and computer-aided scale-up, through successive stages of multicriteria selection of manufacturing conditions (using economic, technological, environmental, quality, maintainability, and reliability criteria).

4 Economies of scale and external economies when industrial units are combined.

5 Material and energy balances at non steady-state conditions. 6 Chemical and biochemical processes for environmental protection. 7 Material-saving and recycling subsystems.

8 Thermochemical, electrochemical energy saving and substitution sub-systems in industrial processes.

9 Dynamic material conversion systems in manufacturing processes: stability, sensitivity, risk.

10 Combination and control of industrial physical and chemical processes with novel technologies, optimization using technological and economic criteria.

11 Relationships between (i) conditions (feed conversion) in the production processes and (ii) quality of intermediate/final products.

12 Methods for determining the optical installation capacity. Laboratory and computing applications.

Assessment Methods and Criteria: 35% laboratory work and 65% end of semester final exam (open book). Course Unit Instructor(s): D. Sidiras Recommended Reading: The unit will use lecture handouts and notes for the laboratory section. Some texts that the students may need to consult are:

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In Greek • D.S. Marinos-Kouris, Z.V. Maroulis (1993), [Design of Chemical Industries],

Papasotiriou Publ., & Co. ISBN: 978-960-85334-0-0. • D. Himmelblau, J. Riggs (2006). [Basic principles and Calculations in Chemical

Mechanics], Publ. A. Tziolas & Sons (for the Greek edition), ISBN: 960-418-105-X

FIFTH SEMESTER

[ΤΕΠΑΡ02] INDUSTRIAL BRANCHES AND MATERIALS II

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Third Learning Outcomes/Objectives: The course, which is the second part of the module on the Greek industrial branches (part I on the inorganic branches concluded at the 4th semester), examines the design and operational parameters of the basic industrial branches that use organic raw materials as feedstock for natural/chemical/biological processes, These parameters, coupled with material and energy balances, are used for the quantitative assessment of various technoeconomic indices of production (at steady-state conditions) with a view to optimizing control and assuring compliance with specifications pre-set by the customer or the market. In order to cultivate and stimulate interest in the subject, the course uses real numerical data, either obtained directly from Greek industrial units (with educational visits to some of these) and from the commodity market, or from cost assessments that are based on data derived from physical simulators in the Laboratory of Simulation of Industrial Processes. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Coal and hydrocarbons industry.

2 Problems in the multicriteria optimization of energy balances and production.

3 Application in a Greek oil refinery. 4 Petrochemicals. 5 Industry of polymers and plastics. 6 Composite resins, varnishes, adhesives, leather. 7

Industry of food and beverages 8

9 Industry of textiles, pharmaceuticals, paints, explosives and other products.

10 Biotechnology applications for waste treatment and the

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production/conversion of energy and products 11 Case studies on some Greek industrial units that are typical for the

sectors or sub-sectors discussed previously. 12 Assessment Methods and Criteria: 100% - end of semester final exam (open book). Course Unit Instructor(s): D. Sidiras Recommended Reading: The unit will use lecture notes and handouts. Some texts that the students may need to consult are: In Greek

• S.K. Karvounis (1998), [Analysis of Technological Systems], Stamoulis SA Publ., ISBN : 960-351-170-6.

• N.A. Nikolaou (2009), [Chemistry and Technology of Petroleum], Vilioekdotiki SA Thessaloniki.

[ΤΕΜΑΘ34] OPERATIONAL RESEARCH II [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Third Learning Outcomes/Objectives: A more advanced course on the OR paradigm for decision making, with both non-linear programming and combinatorial optimisation concepts and techniques. This is the second course on the OR paradigm for decision making, aiming at familiarising the student with more advanced optimisation techniques and concepts. In non-linear programming the emphasis is on theory, while in combinatorial optimization the emphasis is on the proper formulation of problems and in applications. The main ideas behind network, integer and dynamic programming algorithms are clarified and also demonstrated with specialised software. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: Weeks Topics Covered

1 The Transportation Problem – Balanced Problems

2 Transportation Algorithm-Initialization-Reduced costs and optimality conditions

3 Integer Programming Models -Model categories 4 Formulating IP and MIP models 5 Real-world case studies 6 Formulation of Classic Integer Programming Model Forms 7 Non Linear Programming 8 Unconstrained Optimization 9 Constrained Optimization –Theory of Lagrange 10 Constrained Optimization - Kuhn Tucker conditions 11 Introduction to Dynamic Programming Problems

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12 Deterministic Dynamic Programming Assessment Methods and Criteria: 100% - end of semester final exam. Course Unit Instructor(s): S. Sofianopoulou & Adjunct Lecturer Recommended Reading: In Greek

• The unit will use lecture notes and handouts also:

• G. Economou, A. Georgiou (2000). [Quantitative Analysis for Administrative Decision Making], Vol. B, E. Benou Publ., ISBN: 960-359-070-3.

• P.C. Vasiliou (2001). [Applied Mathematical Programming], P. Ziti & Co. Publ., ISBN: 960-431-716-4.

[ΤΕΠΑΡ35] PRODUCTION PLANNING AND CONTROL [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Third Learning Outcomes/Objectives: The course studies the organization and operation of production control systems that are already installed. It focuses mainly on the analysis and solving of problems related to production and, more generally, to the supply chain (i.e., the production-distribution systems), with medium-and short-term impacts, which do not require large resources, i.e., problems of tactical and operational nature. These include demand forecasting, inventory management, production planning, project scheduling etc. Topics covered include:

• The Supply Chain. • Forecasting for Operations. • Inventory Planning and Control. • Material Requirements Planning. • Integrated Supply Chain Management Systems. • Aggregate Production Planning. • Operations Scheduling. • Project Management. • Maintenance and Replacement.

Course Unit Format: Four hours of class lectures per week. Course Unit Contents: - Assessment Methods and Criteria: a) 100% end of semester final exam or b) 20% + 30% two exams during semester + 50% end of semester final exam. Course Unit Instructor(s): Costas Pappis/Adjunct Lecturer Recommended Reading:

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In Greek • C.P. Pappis (2006). [Production Planning], Stamoulis SA Publ., ISBN: 960-351-650-

3. • S. Dimitriadis, A. Mihiotis (2007). [Production Systems Management - Basic

Theoretical Principles and Applications in Business Decision Making], Kritiki SA Publ., ISBN: 978-960-218-522-3.

In English • E.S. Buffa & R.K. Sarin, Modern Production/Operations Management, Wiley,

N.York, 1987. • M. Davis, R. Chase & N. Aquilano, Fundamentals of Operations Management,

McGraw-Hill, 2003. • R.S.Russell & B.W.Taylor III, «Operations Management», Pearson, 2003. • N. Slack, S. Chambers & R. Johnston, Operations Management, Pearson

Education Ltd, 2004.

[ΤΕΧΡΗ01-1] FINANCIAL MANAGEMENT I [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Third Learning Outcomes/Objectives: This module will equip students with the state-of-the art tools, methodologies and ideas needed in making the three key decisions in financial management concerning: Investments, Financing and Dividends.

The course will cover such topics as: • Foundations of Financial Management • Investment Appraisal • Corporate Finance Tools • Financing Decision • Capital Structure

Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Foundations of Corporate Finance: First Principles, Financial

Management, The Firm, The Economy and the Markets, Corporate Objective Functions 2

3 Investment Apraisal: Time Value of Money, Investment Appraisal Tools (NPV, IRR, etc), Investment Appraisal under uncertainty 4

5 6 Corporate Finance Tools: WAL and Cost of Debt, Financial

Analysis, Valuation, Credit Risk Analysis, Equity Risk Analysis, The CAPM in practice

7 8 9 Overview of the Financing Decision: Types of Debt, Equity and

Hybrid Securities, Pros and Cons, Alternative Sources of Capital 10 11 Capital Structure: Capital Structure Analysis, Relative and Optimal

Capital Structure, Capital Structure Changes 12

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Assessment Methods and Criteria: 100% end of semester final exam or 20% project assignment and 80% end of semester final exam Course Unit Instructor(s): D. Psychoyios Recommended Reading:

The unit will use journal articles and handouts. Some texts that the students may need to consult (and for which directed reading will be suggested in classes) are:

In English • Damodaran, A. (2006) Applied Corporate Finance: A User’s Manual, 2nd

edition, New York: John Wiley & Sons • Brealey R. A., Myers, S.C. (2007), Principles of Corporate Finance Mcgraw Hill • Brigham E.F., Ehrhardt M.C. (2007) Financial Management: Theory and

Practice. South-Western In Greek

• G.P Artikis (2002). [Financial Management – Investment Decisions], Publ. E. Nikitopoulos & Co., ISBN: 960-390-108-3.

• D. Vasiliou, N. Iriotis (2008). [Financial Management – Theory and Practice], Publ. M. Tzortzakis & Co., ISBN: 978-960-89407-1-0

[ΤΕΜΑΡ01] MARKETING [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Third

Learning Outcomes/Objectives: This course is an introduction to the essentials of marketing (key concepts, methods of analysis, strategies and tactics) critical to managing profitable customer relationships in today’s dynamic and turbulent environment. More specific, the major topics covered are: marketing mix (product, price, place and promotion), internal and external business environment, market research, consumer behavior, segmentation, targeting, and positioning. Throughout the course, emphasis is on the application of concepts and perspectives to current marketing problems and opportunities, through case study analysis and class discussion. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Introduction 2 Marketing and Environment 3 Market Research 4 Consumer Behavior 5 Segmentation, Targeting and Positioning 6 Product I 7 Product II 8 Distribution Channels 9 Promotion I

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10 Promotion ΙΙ 11 Pricing 12 Revision and Exam Preparation

Assessment Methods and Criteria: Four hours of class lectures per week. Course Unit Instructor(s): Adjunct lecturer Recommended Reading:

• P.G. Malliaris, (2001). [Introduction to Marketing], 3rd Ed., Stamoulis SA Publ., ISBN: 960-351-367-9.

• A. Tsaklaganos (2008). [Basic principles of Markekting], Vol. A, Kyriakides Bros SA Publishing House, ISBN: 978-960-343-529-7

• A. Tsaklaganos (2005). [Basic principles of Markekting], Vol. B, Kyriakides Bros SA Publishing House, ISBN: 978-960-343-585-3

[ΤΕΠΑΡ31] ERGONOMICS [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Third

Learning Outcomes/Objectives: The knowledge of ergonomic issues is imperative in our professional as well as personal life. This course presents and analyzes the capabilities and limitations of the human body and the methods to use this data as a design criterion of products and workplaces in order for the latter to become user-friendly, hence attractive to consumers, workers etc. During the course the structure and function of the human body as well as the factors that adversely affect it are explained. In the same framework, advice is provided on how to prevent ergonomic-related workplace accidents as well as occupational diseases, advice that contributes to the man’s well being. As part of the course the brain, nervous system and sensory organs function is clarified in order to achieve a deeper knowledge of the general framework of human thinking, reaction and error. The food-energy conversion mechanism of the human body and the subsequent work production through the musculoskeletal system are detailed by studying human nutrition and motion. Course Unit Format: Four hours of class lectures per week Course Unit Contents:

Weeks Topics Covered 1 INTRODUCTION TO ERGONOMICS 2 ERGONOMIC STUDY FRAMEWORK

3 NERVOUS SYSTEM, MOVEMENTS AND INFORMATION PROCESSING

4 ERGONOMIC SCIENCES

5 THE VISUAL PERCEPTION AND VISUAL PRESENTATION OF INFORMATION

6 CONTROL EQUIPMENT DESIGN PRINCIPLES 7 WORKSPACE LAYOUT DESIGN PRINCIPLES 8 COMPUTER STATIONS DESIGN PRINCIPLES

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9 MANUAL HANDLING

10 ERGONOMIC APPROACH- MANUAL HANDLING TECHNIQUE

11 THE THERMAL ENVIRONMENT 12 SOUNDS AND NOISES

Assessment Methods and Criteria: Course Unit Instructor(s): L. Laios & Adjunct Lecturer Recommended Reading: In Greek

• L. Laios, M. Giannakourou-Sioutari (2003). [Modern Ergonomics], Publ. A. Papasotiriou & Co., ISBN: 978-960-7530-44-8.

• D. Kodosakis (1998). [Ergnonomics: Features and Principles] , Stamoulis SA Publ., ISBN: 960-351-167-6

SIXTH SEMESTER

[ΤΕΣΤΑ31] QUEUEING THEORY AND SYSTEMS SIMULATION

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Third Learning Outcomes/Objectives: An introductory course on queues and simulation systems for the evaluation of systems performance and utilisation. The queuing models examined are the Poisson process-based ones and the emphasis is on concepts, terminology and definitions. The second part of the course involves the fundamentals of computer simulation techniques. Simple cases are examined manually and are followed by demonstration of specialized software for more complex models. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Introduction to queuing systems, basic structure and systems characteristics, efficiency measures.

2

Main concepts from probability theory: the Poisson distribution, the negative exponential distribution. Fundamental terminology, Markov processes, conditions of equilibrium and their application for the modeling of the M/M/1 system.

3 Little’s laws and mean times in system and queue. M/M/1 system: Changes in characteristics and their impact on measures of efficiency, operating costs, etc.

4 Conditions of equilibrium and their application for the modeling of the M/M/S system. Changes in characteristics and / or number of channels and their impact on measures of efficiency, operating costs,

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etc.

5 The general equilibrium equations and their application for the modeling of systems with finite population and / or finite queue.

6 M/M/1/∞/N and M/M/S/∞/N systems. 7 M/M/1/K and M/M/S/K systems. 8 The Μ/Μ/1/K/Ν and Μ/Μ/S/K/Ν systems and other special cases.

9

Introduction to simulation methods. General concepts, definitions, common practical applications. The use of (pseudo) random numbers in simulation. The case of discrete events. The calculation of random numbers following a continuous distribution.

10 Examples of simulation: fixed time step, entity-based, event – based etc.

11 Simulation software: Examples, demonstration and basic principles. Relationships with object-oriented programming. The use of MS Excel for the solution of simple simulation problems.

Assessment Methods and Criteria: 100% end of semester final exam. Course Unit Instructor(s): S. Sofianopoulou & Adjunct Lecturer Recommended Reading: In Greek

• I. Karkazis (2002). [Special Issues in Operational Research], K&P Smpilias Sa Publ., ISBN: 960-255-205-0.

• G. Economou, A. Georgiou (2000). [Quantitative Analysis for Administrative Decision Making], Vol. B, E. Benou Publ., ISBN: 960-359-070-3.

[ΤΕΠΑΡ11] PRODUCTION SYSTEMS DESIGN [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Third Learning Outcomes/Objectives: This course studies the decision making process related to production, having long-term impacts on both, the production system and its environment, and necessitating considerable resources. It concerns strategic decision making issues, such as decisions on what product/service to produce, at which quantity, at what location and by which manufacturing process. In particular, the issues discussed include product design and firm capacity, method study and time measurement, production system location, layout planning, environmental design, etc. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Systems of Production. 2 Systems Theory and Decision Making. 3 Product Design.

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4 Capacity Planning. 5 Waiting Line Models. 6 Location Planning. 7 Method Study. 8 Work Measurement. 9 Layout Planning. 10 Environmental Production Systems Design. 11 Climate Change and Production Systems. 12 Revision and exam preparation

Assessment Methods and Criteria: a) 100% end of semester final exam or b) 20% + 30% two exams during semester + 50% end of semester final exam. Course Unit Instructor(s): Costas Pappis/Adjunct lecturer Recommended Reading: In Greek

• C.P. Pappis (2008). [Production Management], Stamoulis SA Publ., ISBN: 978-960-351-746-7.

• S. Dimitriadis, A. Mihiotis (2007). [Production Systems Management - Basic Theoretical Principles and Applications in Business Decision Making], Kritiki SA Publ., ISBN: 978-960-218-522-3.

In English • E.S. Buffa & R.K. Sarin, Modern Production/Operations Management, Wiley,

N.York, 1987. • M. Davis, R. Chase & N. Aquilano, Fundamentals of Operations Management,

McGraw-Hill, 2003. • R.S.Russell & B.W.Taylor III, «Operations Management», Pearson, 2003. • N. Slack, S. Chambers & R. Johnston, Operations Management, Pearson Education

Ltd, 2004.

[ΤΕΜΑΘ36-1] DECISION SUPPORT SYSTEMS-EXPERT SYSTEMS

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Third Learning Outcomes/Objectives: Decision Making Process, Management Information Systems (MIS, IS), Business advantages from Information Systems, Management and information, Organizations as Systems of Business Processes, Strategic Advantage, IS architectures for Strategic Advantage, Telecommunications, Supporting Managers through IS, Decision Support Systems (Modelling, Methods, Development, Evaluation), Group Decision Support Systems, Management Risk in the application Life cycle. Hardware and Software requirements of Expert Systems. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

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Weeks Topics Covered

1 Systems Analysis and Design 2 Systems Theory and Decision Making. 3 Analysis and Design of Management Information Systems

4 Introduction to Decision Support Systems. Putting Theory into Practice

5 The Architecture for Decision Support Systems 6 Executive Information Systems, Group Decision Support Systems 7 Expert Systems 8 Data Bases (Analysis and Design) 9 Identifying business advantages from Information Systems 10 Designing Interfaces for Information Systems 11 ERP Systems, CRM Technology

12 Change Management – BPR from the implementation of Information Systems

Assessment Methods and Criteria: 100% - end of semester final exam. Course Unit Instructor(s): G. Chondrokoukis Recommended Reading: In Greek

• G. Chondrokoukis (2008). [Decision Support Systems], M. Varvarigou Publ., ISBN: 978-960-7996-23-7.

• G. Economou, N. Georgopoulos (2004). [Information Systems for Business Administration], Publ. E. Benou, ISBN: 960-359-002-9.

[ΤΕΟ∆Ε51] FEASIBILITY STUDIES [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Third Learning Outcomes/Objectives: The course aims to introduce students to the concept of entrepreneurship and, mainly, to the analytical procedure of working out a feasibility study. The emphasis is to understand the importance of viable investments and their impact on economic growth. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Basic meanings: What an investment plan is. Kinds of investments. Phases of the investment plans. The significance of investments in economic development.

2 Investment plans studies.(Market research. Forecasting Methods. Marketing research. Site selection study. Environmental study. Description and data of investment plan. General information about

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investment. Technical data for the investment. Production process. Production flow. Employment. Production equipment).

3 Building works and infrastructure works.

4 Investment cost (Analysis of investment cost. Financing of investment. Calculation of annuity).

5 Market data. Structure of industrial branches.

6 Domestic production. Imports – Exports. Developments and Prospects. Viability Prospects.

7 Service product sales. Analysis of the anticipated expense. 8 Direct cost of production. 9 Indirect cost of production. 10 Depreciations. Loss and accounts. 11 Cash flows. 12 Break- even point. Unit viability indices. Investment yield indices.

Assessment Methods and Criteria: 100% - end of semester final exam. Course Unit Instructor(s): S. Moschuris Recommended Reading: In Greek

• S.K. Karvounis (2006). [Methodology, Techniques and Theory of Economotechnical Studies], Stamoulis SA Publ., ISBN: 960-351-587-6.

• Th. Anastasiou (2009). [Economotechnical Studies], Ellin Publ., ISBN: 978-960-286-875-1.

[ΤΕΟΙΚ61] ENGINEERING ECONOMICS [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Third Learning Outcomes/Objectives: The course aims at the inductive learning of methods and techniques used for determining the effects of technological progress in manufacturing, in both, micro- and macro-economic level, putting emphasis on the former. It also attempts to specify concepts and relationships (in the general form of a learning ontology) that constitute the environment of interaction between Economics and Technology in both levels, the positive and the normative. For this purpose, the course uses case examples that representative of the Greek market and industrial reality and, also, familiar to the students from the previous courses of Industrial Branches and Materials I & II. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Technology and Economic Analysis. Industrial production functions incorporating technological advances, including dimensional analysis (dimensional analysis) of economic indices.

2 Economies of scale. External economies (externalities).

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3 Decomposition, recomposition and internalization of economic magnitudes. Break-even analysis.

4 Phase costing of industrial production (based on standard or actual or average cost) in conjunction with material and energy balances in steady state conditions.

5 Industrial production optimization based on one or more criteria. Design and implementation of industrial investment – the private investor side.

6 Pursuit of industrial/energy/environmental policy – the Public Authority side.

7 Micro-/Macro-Economics of industrial research and development (R&D). Determination of optimal subsidy.

8 Industrial networks and super-structures in real Economy. Quantitative analysis of the industrial market in full and imperfect competition.

9 Siting/localisation of industrial units. Technology transfer/diffusion/ adapting. Know-how production. Invention and discovery.

10

Patenting (within the Greek Organization of Industrial Property and the European Patent Office - EPO) and economic exploitation of patents, και οικονοµική εκµετάλλευση ευρεσιτεχνίας, including the impact (and its accounting display) on the cost of manufacturing of industrial products or services.

11 Technology forecasting and multicriteria selection of R&D project.

12

Simple and advanced implementations of interest to the Greek market, in micro- and macro-economic level, putting emphasis on those industrial branches that are crucial for the development of secondary industry and are connected to the primary sector of production upstream and to the tertiary sector downstream.

Assessment Methods and Criteria: 100% - end of semester final exam (open book). Course Unit Instructor(s): F. Batzias, D. Sidiras Recommended Reading: The unit will use lecture notes and handouts. Some texts that the students may need to consult are: In Greek

• D. Panagiotakopoulos (2008), [Systemic Methodology and Engineering Economics], 2nd Ed., Publ. Zygos-Ioannis Markou and Sons Co., ISBN: 960-8065-48-8.

• N. Vernardakis (2006), [Economics of Technology], Vol. 1, Publ. C. Dardanos - K. Dardanos Co., ISBN: 978-960-402-282-2

[ΤΕΠΑΡ41] MATERIALS MANAGEMENT [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Third Learning Outcomes/Objectives: The most important function of materials management is to procure quality material at an appropriate price in order to sustain the manufacturing activities of the organization. It takes a little experience to get an insight into this activity so as to

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satisfy the user within the company of the material purchased in terms of timing, quality, quantity and price of the item procured. Therefore, what to buy, when to buy, how much to buy and at what price are questions that need to be considered before entering into a transaction. To ensure this, elaborate procedures, policies and systems exist in all manufacturing enterprises which govern and monitor systematic supply and procurement of material and govern other related activities. The real essence of industrial purchasing actually encompasses a lot more than just negotiation with suppliers, market studies, proposal analysis, supplier selection, contract administration and placement of purchase orders. It involves the design and development of material requirements and specifications via cross-functional times. It involves developing a dependable supplier base and also, developing a sense of loyalty and mutual commitment between the buyer and the supplier. It involves the continual risk assessment in the supply environment. It involves the design and development of strategic long-range supply plans and also, the participation in the corporate strategic process. It involves the ability to grasp the complex nature of hidden costs of supplies that flow in from a disloyal supplier that could later manifest itself in the form of delivery slippages, quality problems and non-cooperation in times of emergency. The purchasing function, therefore, involves a definite expertise that would reflect in the working of the purchasing executive. This is a value-added function and the persons involved in it can certainly take the credit for substantial savings which could be both tangible in the form of money saved or intangible in the form of right quality and timing of the material purchased. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Introduction to purchasing and supply management: Transition to supply management, Management issues and purchasing role in business, Basic supply management functions, Perspectives on purchasing, Supply networks: recent trends

2

3 Strategic view of supply management: Category management, Supply positioning model, Spend analysis, Strategic planning

4 Quality, specification and service: Methods of description, Inspection and testing, Framework for analyzing the procurement of services, Value Analysis / Value Engineering

5

Supplier screening, evaluation and selection: Evaluation of potential sources, Supplier evaluation methods, Linking sourcing with strategy, Supply base management, Proposal analysis

6 Information systems and technology: Enterprise resource planning systems, E-marketplaces, E-catalogues, RFx Management, E-Auctions

7 Supply processes and organization; Supply activities and responsibilities, Supply teams, Organization structures: recent trends and major issues, Supply process flowchart

8 Demand management and inventory: Forecasting and demand management, Inventory management, Material Requirements Planning, Lean supply and JIT, Vendor managed inventory

9

10 Cost management and price: Target pricing, Learning curves,

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Cost components, Activity based costing, Total cost of ownership

11 Supply budgets and buying strategies: Supply planning process and budgets, Market analysis and provision for price changes, Strategies for forward buying and commodities

12 Revision and exam preparation. Assessment Methods and Criteria: Course Unit Instructor(s): L. Laios & Adjunct Lecturer Recommended Reading: In Greek

• L. Laios (2010). [Supply Management], HUMANTEC Ltd. Publ., ISBN: 978-960-98890-1-8

• L. Laios (1995). [Modern Supply Management], Hellenic Purchasing Institute.

SEVENTH SEMESTER

[ΤΕΤΕΧ24] SPECIAL TOPICS OF TECHNOLOGY AND PRODUCTION SYSTEMS

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: The course presents various issues related to production systems and applications of advanced production technologies, through a series of seminars given by senior executives of corporations of several types and branches. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: Weeks Topics of Invited Lectures 1 Industrial health and safety 2

The importance of purchasing function 3 4

Electronic procurement 5 6

Negotiations 7 8

Control management 9 10

Offsets 11

12 Entrepreneurship

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Assessment Methods and Criteria: 100% - end of semester final exam. Course Unit Instructor(s): L. Laios & S. Moschuris Recommended Reading: In Greek

• D.A. Taylor (2006). [Supply Chain Management], K. Terzidis, Ed., Klidarithmos Ltd. Publ., ISBN: 960-209-954-2.

• L. Laios (1995). [Modern Supply Management], Hellenic Purchasing Institute.

[ΤΕΠΛΗ67] CAD-CAM-CAE I [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: The course aims to introduce students to the concepts of the product design & development process itself in conjunction with the associated computer software tools. Principles of geometric modelling and modern CAD systems are explained and discussed in detail. An introduction to technical drawing and the underlying mathematical principles of graphics and geometric data processing are also included. Course Unit Format: Four hours of class lectures per week complemented by an extra twelve hours pro semester laboratory CAD software training. Course Unit Contents:

Weeks Topics Covered 1 Fundamentals of Industrial Design 2 Introduction to Computer Integrated Manufacturing. 3 Design for Manufacture. Design for Assembly. Materials selection 4 Automation in modern production systems 5 Principles of technical drawing 6 Graphics software and CAD systems

7-9 Geometric modelling & Transformations 10 Solid modelling 11 Geometric data processing. Geometric data transfer standards. 12 CAD hardware

Assessment Methods and Criteria: 70% end of semester final exam & 30% laboratory work. Course Unit Instructor(s): V. Dedoussis, J. Giannatsis Recommended Reading: In Greek

• K. Lee (2009). [Principles of CAD/CAM/CAE], Klidarithmos Ltd. Publ., ISBN: 978-960-461-139-3.

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• N. Bilalis & E. Maravelakis (2009). [CAD/CAM Systems and 3-D Modelling], Kritiki Publ., ISBN: 978-960-218-617-6.

[ΤΕΜΑΡ22] LOGISTICS AND DISTRIBUTION SYSTEMS [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: The course aims to introduce students to the concepts of logistics and supply chain management. The objective is to understand the logistics function as well as its impact on the viability of an enterprise. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Introduction to logistics. 2 Business strategy and logistics. 3 Corporate planning and logistics. 4 Logistics and marketing. 5 Economic development and transportation. 6 Means of transportation. 7 Warehousing. 8 Inventory control. 9 Materials handling. 10 Packaging. 11 Containers. 12 Telematics and logistics.

Assessment Methods and Criteria: 100% - end of semester final exam. Course Unit Instructor(s): S. Moschuris Recommended Reading: In Greek

• S. Papadimitriou and O. Sxinas (2004). [Introduction to Logistics], Stamoulis SA Publ., ISBN: 960-351-411-X.

• S. Binioris (2004). [Introduction to Supply Chain Management], P.X. Pashalidis Publ., ISBN: 960-399-202-X.

[ΤΕΠΑΡ28] QUALITY CONTROL SYSTEMS & QUALITY ASSURANCE

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Winter Year of Study: Fourth

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Learning Outcomes/Objectives: Statistical process control (SPC), variability in the production process, control charts for variables (X-chart), R-chart, C-chart). Control charts for attributes. Acceptance sampling, sampling plans, operating characteristic (OC) curves, producer’s & consumer’s risk, average outgoing quality. Quality assurance systems. Basic ideas of ISO 9001-2008. Course Unit Format: - Course Unit Contents: - Assessment Methods and Criteria: - Course Unit Instructor(s): Recommended Reading: -

[TEΕΡΓ01] RESEARCH PROJECT I [4,5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: Course Unit Format: Course Unit Contents: Assessment Methods and Criteria: Prerequisites: Enrollment restrictions apply; see the introduction to Courses and Curricula section of this guide. Co-requisites: RESEARCH PROJECT II at the 8th semester.

[ΤΕΠΑΡ03] ARTIFICIAL INTELLIGENCE IN PRODUCTION SYSTEMS

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: A basic course on:

• Natural intelligence, the structure and functions of the brain and the central nervous system.

• Artificial intelligence, algorithms and structure of the computer memory.

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• The use of logic. • Comparison of the ways in which natural and artificial intelligence process

data and solve problems. • Limitations of directly mimicking natural intelligence: scaling problems, the

importance of the framework (environment, materials etc.) of naturally intelligent action.

• Notion of computational complexity. • Artificial intelligence as a tool for solving complex problems, e.g.

(a) problem state representation, transition rules between problem states, search and backtracking for reaching the solution state;

(b) expression of positive and negative examples of a problem, decision-making concerning new examples by exclusion/analogy/generalisation (discovery learning);

(c) symbolic-level reasoning, rules and databases for knowledge acquisition/ accumulation/representation/inferencing (rule-based systems);

(d) sub-symbolic representation, description and understanding (scripts, schemata, scenarios).

Course Unit Format: Weekly classes and laboratories based on handouts distributed during the classes. Course Unit Contents:

Weeks Topics Covered 1 Natural intelligence 2 Artificial intelligence 3 Logic 4 The symbolic paradigm 5 The importance of representation in problem solving 6 Exemplars of AI systems (e.g. chatbots, DeepBlue) 7 Search 8 Constraint optimization 9 Knowledge-based systems 10 Expert systems 11 Soft Computing 12 The sub-symbolic paradigm

Assessment Methods and Criteria: Interview- and debate-style exam; reports and implementations of problems discussed and partly solved during the course. Course Unit Instructor(s): T. Tambouratzis Recommended Reading: Handouts and Web pages recommended at class.

[ΤΕΜΑΘ03] SPECIAL TOPICS OF OPERATIONAL RESEARCH

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective

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Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: Upon successful completion of this course, the student should enhance his/her analytical modeling skills and comprehend solution methodologies and techniques. Objectives include: · To learn how to make decisions under different environments. · To learn how to handle large scale IP and LP models. · To use a mathematical model solving software efficiently. Software for mathematical model solving is used throughout the course. Course Unit Format: Four hours of lectures/practice in computer laboratory per week. Course Unit Contents:

Weeks Topics Covered

1

Overview of Simplex variants and interior point methods for linear programming problems. LPSolve, on-line solvers and common mathematical programming languages for medium- and large-scale problems.

2 Medium- and large-scale linear programming problems: Case studies.

3 Mixed integer programming and advanced use of binary variables: Choosing the right formulation. The use of MS Excel Solver add-in.

4 Mixed integer programming and advanced use of binary variables: Case studies.

5 Integer programming: beyond LP relaxation. Overview of bounding techniques for classic problems.

6 Types of non linear programming and specialized software.

7 Dynamic programming and recursion. Simple programming in MS Excel VBA.

8 Dynamic programming: Case studies.

9 Advanced use of MS Excel for simulation problems.

10 Advanced use of MS Excel for simulation problems.

11 Overview of Game Theory. Nash equilibria and simple games using MS Excel and VBA.

12 Game Theory: Case studies. Assessment Methods and Criteria: 10% attendance, 30% project assignment and 60% end of semester final exam. Course Unit Instructor(s): S. Sofianopoulou Recommended Reading: The unit will use lecture notes and handouts.

[ΤΕΟ∆Ε07] PROJECT MANAGEMENT [4.5] ECTS

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Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: To familiarize the student with the basic concepts of project management and to trigger the incentive for further study in the area. The course is introductory and combines both theory and practice. Theory covers the most prevalent topics of project management, while practice is carried out in laboratory environment and concerns the study of a realistic project using MS Project 2007. Course Unit Format: Lectures and lab exercices. Course Unit Contents:

Weeks Topics Covered 1 Project organization and management 2 PM Knowledge areas and processes 3 Project selection methods 4 Project Charter, Scope Statement and WBS techniques 5 Practice with MS Project 6 Time Management – Estimation, Networking 7 Practice with MS Project 8 Time Management – Resource Allocation, Project Calendards 9 Practice with MS Project 10 Cost Management – Budget Development 11 Practice with MS Project

12 Time Management – Schedule Compression – Earned Value Management

Assessment Methods and Criteria: Final Test with 50~60 multiple choice questions along the lines of the Project Management Institute (PMI®) certification tests. Participation in the laboratory exercises and aptitude on MS Project 2007 is also considered in the evaluation. Course Unit Instructor(s): D. M. Emiris Recommended Reading: A Guide to the Project Management Body of Knowledge. Project Management Institute, 2004 – Greek Translation Recommended Optional Components: Burke. D. Project Management, Kritiki Publications, 2002 (in Greek). MS Project 2007.

[ΤΕΤΕΧ02] MATERIALS AND DESIGN IN PRODUCT DEVELOPMENT

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth

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Learning Outcomes/Objectives: An introduction to the principles of materials selection practices in product design and development activities. Getting it ‘right the first time’ by selecting the optimal combination of material, shape and manufacturing process for any product-design has enormous benefits to any engineering-based business. It leads to lower product costs, faster time-to-market, reduced in-service failures, and to innovative products that can overcome the competition. Topics covered are: Materials and the Design Process, Materials and Manufacturing Processes, Materials Ranking and Charts, Conflicts in Materials Selection, Eco-design, Cost-modeling for Selection, Computer-aided Material Selection. Course Unit Format: Class lectures, Class exercises using Cambridge Engineering Selector (CES), Project assignment. Course Unit Contents:

Weeks Topics Covered 1 What influences product design 2 Multi-dimensional materials 3 Function and personality 4 Shaping, joining and surfaces 5 Strategies for materials and process selection 6 Optimal selection of material and shape 7 Material maps 8 Software based selection – Cambridge Engineering Selector (CES) 9 Case studies in materials and design 10 Laboratory exercise with Cambridge Engineering Selector (CES) 11 Laboratory exercise with Cambridge Engineering Selector (CES) 12 New materials – the potential for innovation

Assessment Methods and Criteria: 10% attendance, 30% project assignment and 60% end of semester final exam Course Unit Instructor(s): D. Karalekas Recommended Reading: In Greek and English

• ‘Materials and Design: The Art and Science of Material Selection in Product Design’, by Michael F. Ashby and Kara Johnson

Recommended Optional Components:

• Chapters 23 and 24 from ‘Materials Science and Engineering: An Introduction’ by William D. Callister

• ‘Materials Selection in Mechanical Design’, by Michael F. Ashby

[ΤΕΠΑΡ08] RESEARCH METHODOLOGY I [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth

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Learning Outcomes/Objectives: The course introduces students to the principles of research methodology at both, theoretical and applied level. During class discussions, group meetings, assignments and individual guidance, students will get familiar with various aspects of research, including:

• Definition and conceptual approach to the methodology of research, particularly in issues related to industrial processes

• The stages in the research process till the successful completion of the work, culminating in the writing and the presentation of a specific topic: organization of research, from conception to case study, literature survey, strategic planning for experimental design, experimental measurements, data analysis, conclusions and evaluation, formal report writing in accordance with specifications determined exogenously.

• Principles, merits and demerits of the tools and methodologies employed for the successful completion of a research effort that involves many stages and collaborating institutions (consortium), entrusted with part of the project by subcontracting (outsourcing). Writing cooperation protocols under endogenously specified standards.

Students will be given full access to software, data and results from the various research programs that have been developed in the Laboratory of Simulation of Industrial Processes related to biomass exploitation. Course Unit Format: 60% class lectures and 40% project within a four-hour weekly schedule. Projects are either practical (laboratory) assignments that will be done in the Laboratory of Simulation of Industrial Processes, using the equipments and software tools that will be provided by the instructors, or guided seminar assignments. Course Unit Contents: Weeks Topics Covered

1 Introduction to the methodology of research at theoretical and applied level.

2 Execution, processing and evaluation of measurements in relation with analysis-synthesis of models. 3

4 Definition, description and study of quasi-static and dynamic systems at equilibrium.

5 Definition, description and study of quasi-static and dynamic systems far from equilibrium. 6

7 Decomposition to sub-systems, analysis of technical/economic factors that influence them, recomposition with operational/functional criteria. 8

9 Simulation and optimization at laboratory and computational level.

10

11 Implementation by carrying out research projects (with physical simulators and tailor-made software), mainly referring to processes of specific interest for the Greek industry. 12

Assessment Methods and Criteria: 40% project and 60% end of semester final exam (open book). Course Unit Instructor(s): D. Sidiras, Y. Pollalis Recommended Reading: The unit will use lecture notes and handouts. Some texts that the students may need to consult are: In English

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• G. Teseleanu, (2007), The Methodology of Scientific Research, Universitas Publishing Petrosani.

• C.W. Booth, G.G. Colomb, J.M. Williams (1995), The Craft of Research, Chicago: University of Chicago Press.

In Greek • S. Theofanides (2002), [Methodology of Scientific Thinking and Research], 2nd Ed.,

G. Benou Publ., ISBN: 960-359-042-8 • D. Christodoulou (2004), [Scientific Methodology of Economic and Operational

Research], Giourdas Publishing Ltd, ISBN: 978-960-387-301-3

[TETEX03] TECHNOECONOMICS OF ENERGY SYSTEMS

[4,5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: This course is designed to introduce students to key aspects of energy system techno-economics. Main contents: energy system basics, interactions of energy-economy-environment, exploiting opportunities of "green economy". Basic concepts of energy management, energy balance, energy flows. Appraisal of energy investments, energy financing. Energy policy issues, classification of policy instruments, carbon taxes, feed-in tariffs, emissions trading. Case studies analysis. Main aim is the development of an appropriate knowledge base that will allow graduates to identify and evaluate potential opportunities of the emerging “green economy”. Course Unit Format: Four hours of class lectures per week. Course Unit Contents: Weeks Topics Covered 1 Introduction 2 Basic Terms of Energy Systems 3

Economics of Energy Systems & Case Studies 4 5 Greek Energy System 6

Energy Management & Case Studies 7 8 Appraisal of Energy Investments 9 Financing of Energy Projects 10

Energy Policy & Case studies 11 Assessment Methods and Criteria: 40% participation (attendance, exercises, assignments etc.) and 60% end of semester final exam or 100% end of semester final exam. Course Unit Instructor : A. Flamos Recommended Reading: Lecture notes and handouts. Additional References:

1. Godfrey Boyle, Bob Everett and Janet Ramage, Energy Systems & Sustainability – Power

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for a Sustainable Future, Oxford university press, 2004.

2. Albert Thumann and Eric A. Woodroof, Handbook of financing energy projects, The Fairmont Press, 2005.

3. Rubin Edward, Introduction to Engineering & the Environment, McGraw-Hill, 2001.

4. Hodge, B., K., Alternative Energy Systems and Applications, John Wiley & Sons, 2010.

5. Wayne C. Turner and Steve Doty, Energy Management Handbook, 6TH Edition.

6. Martin Kaltschmitt, Wolfgang Streicher, Andreas Wiese, Renewable Energy, Technology, Economics and Environment. Springer-Verlag Berlin Heidelberg, 2007.

[ΤΕΟ∆Ε08] ADVANCED SUPPLY MANAGEMENT [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: This course is to introduce critical facet of supply management, tackling issues from complementary angles including strategic contributions and approaches, organisation and competencies of purchasing and supply management. Emphasis is given on strategic, tactical and day-to-day operations management and administration issues within the modern enterprise context. After this course, students should have the ability to:

• Design, develop and implement global sourcing strategies • Understand the use, structure, content as well as some important legal aspects of

contracts and subcontracts • Determine and analyse compensation agreements for different types of contracts • Follow contract management and administration strategies and practices • Obtain statistical base forecasts, determine sourcing needs and budgets, and develop

demand management plans • Analyse and determine the total cost of ownership for materials, services and assets • Design buying strategies and evaluate assets • Determine and analyse logistics and supply network costs • Leverage the advantages of e-procurement tools and techniques • Evaluate purchasing and supply operations and activities via key performance

indicators • Understand the basic features, critical components and legal aspects of public

procurement mechanisms Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Introduction Course content overview and outline

2 Global Sourcing SWOT analyses; INCOTERMS; Operations, strategies and tactics; Management and structure of Global Supply Networks

3 – 4 Contract Management & Administration Contract structure and types; Legal Terms and Conditions;

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Contract management team; Contract administration procedures; Contract control and closure

5 Compensation Agreements Firm fixed price; Fixed price incentive; Cost-plus incentive fee; Cost-plus fixed fee; Cost-plus award fee

6 - 7 Demand Management Forecasting methods and types; Demand Management: Structure, Procedures and Scheduling; Bullwhip Effect; Simulation Game

8 – 9

Total Cost of Ownership Basic concept and methods; TCO analyses; Logistics and Supply Costs; Implementation Issues; Asset buying strategies and procedures

10 e-Procurement Auctions, Marketplaces, Catalogues, RFx Management, ERP Systems

11

Purchasing Performance Evaluation Basic concepts and methods; Establishing supply objectives; Key Performance Indicators and Performance Measurements; Benchmarking

12 Public Procurement Legal Aspects; Supplier appraisal, selection and evaluation; Compensation methods, terms and conditions

Assessment Methods and Criteria: 100% end of semester final exam Course Unit Instructor(s): L. Laios, Adjunct Professor Recommended Reading: In Greek

- Lecture notes, handouts and case studies (available on line at http://www.tex.unipi.gr/undergraduate/notes/eidthem_diktia_efod/main.html)

- L. Laios (2010), [Supply Management], HUMANTEC Publ.

[∆ΕΟ∆Ε09] HUMAN RESOURCE MANAGEMENT [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: Course Unit Format: Course Unit Contents: Assessment Methods and Criteria: Course Unit Instructor(s): L. Chitiris Recommended Reading:

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[∆ΕΠΛΗ05] COMPUTER BASED ACCOUNTING APPLICATIONS

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Winter Year of Study: Fourth Learning Outcomes/Objectives: Course Unit Format: Course Unit Contents: Assessment Methods and Criteria: Course Unit Instructor(s): L. Makris Recommended Reading:

EIGHTH SEMESTER

[ΤΕΠΛΗ68] CAD-CAM-CAE II [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: The objective of the course is two-fold:

• Make an introduction to the operational principles of modern machine tools and manufacturing processes. Present Numerical Control and CAM systems principles. Introduce the modern manufacturing and design technologies such as Group & Flexible Manufacturing Technology and Rapid Prototyping & Manufacturing.

• Make an introduction to Robotics principles and automated production systems Course Unit Format: Four hours of class lectures per week. Course Unit Format:

Weeks Topics Covered (CAM) Topics Covered (Robotics) 1 Introduction to Manufacturing Processes Introduction to Robotics 2 Principles of Cutting Processes Components of Robotic Systems 3 Principles of Machine Tools Robotic Geometries 4 Introduction to CAM systems Study of 2-DOF Planar Robot 5 Control of movement of cutting tool Forward Kinematics 6 Principles of Numerical Control Inverse Kinematics

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7 Elements of G-code Workspace – Singularities 8 APT Part programming Jacobian – Statics 9 APT Part programming 3-DOF Planar Robot 10 Direct NC. Adaptive Control Robot Programming

11 Group Technology and Flexible Manufacturing Systems

Robots in Production Line

12 Rapid Prototyping & Stereolithography Overview Assessment Methods and Criteria: 100% end of semester final exam Course Unit Instructor(s): V. Dedoussis & D.M. Emiris Recommended Reading: In Greek

• K. Lee (2009). [Principles of CAD/CAM/CAE], Klidarithmos Ltd. Publ., ISBN: 978-960-461-139-3.

• D.M. Emiris (2004). [Robotics], Technoekdotiki Publ.

[ΤΕΠΑΡ29] PRODUCT DEVELOPMENT AND INNOVATION

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: An introduction to modern product development process. The course covers the major aspects of product development: Product Planning, Customer Needs, Product Specifications, Concept Generation, Concept Selection, Concept Testing, Product Architecture, Industrial Design, Prototyping, Design for Safety, Design for Environment, and Intellectual Properties. The course is intended to provide the students with the following benefits:

• An understanding of tolls and methods for product design and development • Awareness of the role of multiple functions in creating a new product (e.g.

engineering, marketing, production, industrial design) • Confidence in undertaking the task of creating a new product

Course Unit Format: Class lectures, Case studies, Group project assignment Course Unit Contents:

Weeks Topics Covered 1 Introduction to product innovation principles 2 Introduction to product design and development principles 3 Product Planning 4 Identifying customer needs and project selection 5 Concept generation and product specifications 6 Concept selection 7 Industrial design and product architecture

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8 Design for manufacturing and robust design 9 Concept testing and intellectual property 10 Design by materials 11 Design for environment 12 Group project presentation

Assessment Methods and Criteria: 70% end of semester final exam and 30% group project assignment Course Unit Instructor(s): D. Karalekas, G. Giannatsis Recommended Reading: Lecture notes hand-outs Recommended Optional Components:

• Product Design and Development by K.T. Ulrich and S.D. Eppinger, McGraw-Hill.

[ΤΕΠΑΡ24] TOTAL QUALITY MANAGEMENT [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: The design of Quality, Quality Function Deployment method and Kano’s methodology. The continuous improvement process. Quality Awards and ISO 9001-2008. Course Unit Format: Course Unit Contents: Assessment Methods and Criteria: Course Unit Instructor(s): Recommended Reading:

[ΤΕΜΑΘ35] STRATEGIC MANAGEMENT [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Compulsory Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: Strategic management involves a high level integration of a number of business functions and policies to give overall coherence to organisational activities. This module provides a general grounding in the tools and processes of strategic analysis,

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evaluation, selection and implementation. It acts as a core integrative module, bringing together material from a number of disciplines as well as those of business strategy and corporate management. The following topics will contribute to the material covered in the module's full programme: • Strategic appraisal at corporate and business level • Analysis of internal & external environment. Conducting SWOT analysis. • Planning and implementation of strategies, including management of strategic

change. • Corporate purpose and leadership. • Generation and evaluation of strategic options. • Enterprise and the entrepreneur. Multinational corporations and the intrapreneur. • Global strategies. The course is intended to provide the students with the following benefits: • Develop a critical understanding of business and corporate strategy and its

contribution to organisational purpose and development. • Demonstrate a thorough grasp of the techniques of strategic appraisal and the

exploration and evaluation of strategy options. Also demonstrating an understanding of the problems of making strategic choices from limited data and the limitations of model driven analysis.

• Recognition of the difficulties associated with the planning and implementation of strategies, and the problems for organisations in changing internal beliefs and perceptions to maintain a viable fit with a changing environment.

Course Unit Format: The tutor led sessions will tend to follow a general pattern of introduction of a topic and provision of frameworks and models for student learning, followed by application to appropriate data or case study materials. Also key readings will be provided for class discussion and critical evaluation. Students will be expected to perform the set exercises prepare the cases and undertake the critical readings either individually or as part of a learning group. Classes will include group and individual presentations. Students will be expected to obtain supplementary information from a number of paper or electronic sources as part of their preparation. Course Unit Contents:

Weeks Topics Covered 1 Introduction to the module. Defining Strategy. 2 The managerial process of crafting and executing strategy 3 Analyzing a Company’s External Environment (PEST, Porter 5Fs) 4 Evaluating company's resources and competitive position. 5 The Five Generic Competitive Strategies and Beyond.

6 Competing in foreign Markets. Tailoring strategy to fit specific industry and company situations - Globalization

7 Strategy, Ethics & Social Responsibility 8 Corporate Strategy - Diversification

9 Building resource strengths and organizational capabilities. Actions that promote better strategy execution

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10 Keys to good strategy execution. Culture & Leadership 11 Structure & Strategy. 12 Revision week- Group project presentation

Assessment Methods and Criteria: 100% end of semester final exam, or optional: 70% end of semester final exam and 30% group project assignment Course Unit Instructor(s): Adjunct lecturer Recommended Reading: Textbooks

• Johnson, G. and Scholes, K. (2002) Exploring Corporate Strategy, Text and Cases, 6th edition, Prentice Hall Europe

• Williamson, D. Jenkins, W. Cooke, P. and Moreton, K.M (2004) Strategic Management and Business Analysis, Elsevier, Butterworth Heinemann

• Other texts, which are useful complementary reading, include: • Thompson, A. A. and Strickland, A. J. (2001) Strategic Management Concepts

and Cases, 12th edition, Irwin McGraw-Hill • Grant, R. M. (2002) Contemporary Strategy Analysis: Concepts Techniques

Applications, 4th edition, Blackwell, Oxford • Ansoff, H. I. (1987), Corporate Strategy, Revised edition, Penguin, London. • Mintzberg, H., Lampel, J and Quinn, J. (2002) The Strategy Process,

Concepts, contexts and cases, 4th Edition, Prentice Hall Key papers

• Barney, J.B. (1991) “Firm resources and sustained competitive advantage”, Journal of Management, Vol. 17, No. 1

• Barney, J.B. (2001) “Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view”, Journal of Management, Vol. 27, 643-650

• Campbell, A. Goold, M. and Alexander, M (1995) "The Quest for Parenting Advantage", Harvard Business Review, March - April

• Campbell-Hunt, C (2000) "What have we learned about generic competitive strategy? A meta-analysis, Strategic Management Journal, Vol. 21,127-154

• Hill, C. W. L. (1988) "Differentiation versus low cost or differentiation and low cost: A contingency framework" Academy of Management Review Vol. 13, pp 401-412.

• Johnson, G. (1988) "Rethinking Incrementalism", Strategic Management Journal, 9, 75 - 91

• Levitt, T (1983) The globalisation of Markets, Harvard Business Review. May/June

• Mintzberg, H. and Waters, J.A. (1985), "Of Strategies, Deliberate and Emergent” in Readings in Strategic Management (Asch, D. and Bowman, C. Eds.) MacMillan, Basingstoke, 1989.

• Porter, M (1985) "Competitive Strategy" in Strategy: Process, Content, Context (de Wit, B and Meyer, R, editors) 2nd Edition Thompson Business Press

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• Porter, M.E. (1987) "From Competitive Advantage to Corporate Strategy", Harvard Business Review, May - June

• Porter, M.E. (1996) “What is Strategy?” Harvard Business Review (Nov-Dec) 61-78

• Quinn, J. B (1978) "Strategic Change: Logical Incrementalism", Sloan Management Review, Fall

• Senge, P (1990) Building Learning Organisations, Sloan Management Review, Fall

[ΤΕΕΡΓ02] RESEARCH PROJECT II [4,5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: Course Unit Format: Course Unit Contents: Assessment Methods and Criteria: Prerequisites: RESEARCH PROJECT I.Enrollment restrictions apply; see the introduction to Courses and Curricula section of this guide.

[ΤΕΤΕΧ12] RELIABILITY AND MAINTENANCE OF TECHNOLOGICAL SYSTEMS

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: This course is designed to provide students a solid theoretical and applied foundation in fundamental reliability and maintenance disciplines and tools. Main contents: Viewing a system as a collection of components and/or component failure modes, modelling the reliability of technical systems with block diagrams and fault trees, modelling standby redundancy, k-out-of-n load sharing configurations, identifying Opportunities, Optimum Reliability Allocation, Introduction to Discrete Event Simulation, Introduction to Repairable Systems Analysis, Introduction to Preventive Maintenance Principles, Visualizing and Improving System Availability Course Unit Format: Four hours of class lectures per week Course Unit Contents:

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Weeks Topics Covered

1 Definition and discussion of basic concepts related to reliability and risk analysis. Functional analysis, identification and evaluation of faults and hazards.

2 Reliability Function, Availability Function, Mean T ime to Failure, Mean Residual Life

3 Failure Modes, Effects, and Criticality Analysis, Reliability Block Diagrams

4 Fault Tree Analysis 5 Event Tree Analysis

6 Component Importance, Birnbaum’s Measure, Criticality Importance, Fussell-Vesely’s Measure, Risk Achievement Worth

7 Modelling of Dependent Failures, Common Cause Failures

8 Counting Processes, Homogeneous Poisson Processes, Renewal Processes

9 Markov and Semi- Markov Processes

10 Types of Maintenance, Downtime and Downtime Distributions, Preventive Maintenance Policies, Maintenance Optimization

11 Life Data Analysis, Accelerated Life Testing 12 Discrete Event Simulation, Monte Carlo Simulation

Assessment Methods and Criteria: 70% end of semester final exam and 30% group project assignment Course Unit Instructor(s): L. Kamarinopoulos Recommended Reading:

• Rausand, M. and A. Høyland: "System Reliability Theory; Models, Statistical

Methods and Applications" (Second Edition), Wiley, New York, 2004 (ISBN 0-471-47133-X)

• Henley, E. J. : “Reliability Engineering and Risk Assessment.” Prentice-Hall, Englewood Cliffs., 1981

• David J. Smith: “Reliability, Maintainability and Risk.” Butterworth-Heinemann, Englewood , 2005

[ΤΕΠΑΡ04] SPECIAL TOPICS OF ADVANCED MANUFACTURING TECHNOLOGIES

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: The course focuses on the current practices and developments in the field of advanced manufacturing technologies and Computer-integrated Manufacturing (CIM). Specific subjects that will be covered include production technologies and processes, Layer Manufacturing,

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Virtual prototyping and analysis, Automation and control technologies, Group technology and cell manufacturing, Material handling and identification technologies and Reverse engineering and data transfer formats. Laboratory works and tutorial exercises provide opportunities for the student to learn and practice with some of the technologies and tools in focus. The objectives of the course are to provide the student with:

• An overview of the field of CIM and of the associated management concepts, • A basic understanding of the most commonly applied advanced manufacturing

technologies, and • Practice experience and working knowledge in actual manufacturing and analysis of

simple parts. Course Unit Format: Class lectures and laboratory exercises/assignments Course Unit Contents:

Weeks Topics Covered 1 Production systems and CIM 2 Production technologies and processes 3 Layer Manufacturing and Rapid Prototyping 4 Virtual prototyping and analysis 5 Micro-/Nano-fabrication technologies 6 Automation and control technologies 7 Assembly systems and transfer lines 8 Flexible Manufacturing Systems 9 Group technology and cell manufacturing 10 Material handling and identification technologies 11 Reverse engineering and data formats 12 Quality control and inspection technologies

Assessment Methods and Criteria: 70% end of semester final exam and 30% laboratory exercises grade. Course Unit Instructor(s): G. Giannatsis Recommended Reading: In English

• Mikell P. Groover, “Automation, Production Systems, and Computer-Integrated Manufacturing”, Prentice Hall, 2008.

• Chris Lefteri, “Making It: Manufacturing Techniques for Product Design”, Laurence King Publishers, 2007.

In Greek

• Kunwoo Lee, «Βασικές αρχές συστηµάτων CAD/CAM/CAE», Εκδ. Κλειδάριθµος, 2009.

• Αθανάσιος Παπαβασιλείου, «Τεχνολογίες CAD, RPT, CAE», Γκιούρδας Εκδ., ISBN: 978-960-387-152-1.

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[TEΦΥΣ28] SPECIAL TOPICS OF ENVIRONMENTAL MANAGEMENT

[4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: Course Unit Format: Course Unit Contents: Assessment Methods and Criteria: Course Unit Instructor(s): Adjunct lecturer Recommended Reading: Recommended Optional Components:

[TETEX03] ENERGY TECHNOLOGIES, SUSTAINABILITY & ENVIRONMENT

[4,5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: This course is designed to introduce students to key aspects of conventional & alternative energy systems & policy instruments for the promotion of CO2 mitigation technologies. Main aim is the development of an appropriate knowledge base that will allow graduates to identify and evaluate potential opportunities of the emerging “green economy”. Main contents: energy analysis, conventional technologies, combined cycle, electricity, renewable energy technologies. Energy & environmental policy instruments, carbon taxes, feed-in tariffs, emissions trading, certificates, labelling. Life Cycle Analysis (LCA). Case studies analysis. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Introduction 2 System Analysis 3 Conventional Energy Sources 4 Efficiency Improvement 5 Electricity 6 Wind Power 7 Solar Power

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8 Hydropower & other renewable energy technologies (RETs) 9 Energy & Environmental Policy Instruments 10 Life Cycle Analysis (LCA) 11 Case Studies

Assessment Methods and Criteria: 45% participation (attendance, exercises, assignments etc.) and 55% end of semester final exam or 100% end of semester final exam. Course Unit Instructors: V. Dedoussis & A. Flamos Recommended Reading: Lecture notes and handouts. Additional References:

1. Godfrey Boyle, Bob Everett and Janet Ramage, Energy Systems & Sustainability – Power for a Sustainable Future, Oxford university press, 2004.

2. Rubin Edward, Introduction to Engineering & the Environment, McGraw-Hill, 2001.

3. Hodge, B., K., Alternative Energy Systems and Applications, John Wiley & Sons, 2010.

4. Martin Kaltschmitt, Wolfgang Streicher, Andreas Wiese, Renewable Energy, Technology, Economics and Environment. Springer-Verlag Berlin Heidelberg, 2007.

5. Shepherd W. and Shepherd D.W., Energy Studies, Imperial College Press, London, 1998.

6. Goldberg J., Energy, Environment & Development, Earthscan, U.K., 1996.

[ΤΕΠΑΡ10] RESEARCH METHODOLOGY II [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: The purpose of this course is to enhance the students' knowledge of industrial/environmental problem solving using holistic approaches. The main objectives of this course are to give students practice in decomposing a problem into semi-autonomous parts in order to study/solve each part either computationally, using the modelling programs developed in the Laboratory of Simulation of Industrial Processes, or experimentally, after appropriate scaling-down to allow the use of physical simulators. Following problem solving and parameter identification in the model used, the scaling up is either computer aided or/and through intermediate-scale simulators, if possible, while the compliance with economic/environmental constraints (including health and safety at the workplace, process reliability and product quality) is monitored. Students will be given full access to software, data and results from the various research programs that have been developed in the Laboratory of Simulation of Industrial Processes related to biomass exploitation. Course Unit Format: 60% class lectures and 40% project within a four-hour weekly schedule. Projects are either practical (laboratory) assignments that will be done in the Laboratory of Simulation of Industrial Processes, using the equipments and software tools that will be provided by the instructors, or guided seminar assignments. Course Unit Contents:

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Weeks Topics Covered

1 Introduction to the structure and content of the course Project assignment

2 Problem solving strategies in industry and the environment–

Structuring of the problem Laboratory application

3

Techniques for problem decomposition into semi-autonomous parts and study/resolution of each part separately.

Laboratory application

4 Problem solving in laboratory/computer simulation Laboratory application

5 Modeling and parameter identification Laboratory application

6 Multicriteria optimization Laboratory application

7 Special issues of multicriteria optimization Laboratory application

8 Multicriteria optimization case studies Laboratory application

9 Qualitative research methods Laboratory application

10 Qualitative research tools Laboratory application

11 Qualitative research and environmental management Laboratory application

12 Revision, course summation Laboratory application

13 Project presentation Assessment Methods and Criteria: 40% project and 60% end of semester final exam (open book). Course Unit Instructor(s): D. Sidiras, C. Siontorou Recommended Reading: The unit will use lecture notes and handouts. Some texts that the students may need to consult are: In English

• M. Zlokarnik (2007), Scale-Up in Chemical Engineering, 2nd Ed., Wiley-VCH Verlag GmbH& Co. KGaA, Weinheim, Germany, ISBN-10: 3−527−31421−0.

• J.M. Bonem (2008), Process Engineering Problem Solving: Avoiding "The Problem Went Away, but it Came Back" Syndrome, Wiley-Interscience, ISBN-10: 0470169281.

In Greek • S. Theofanides (2002), [Methodology of Scientific Thinking and Research], 2nd Ed.,

G. Benou Publ., ISBN: 960-359-042-8 • D. Christodoulou (2004), [Scientific Methodology of Economic and Operational

Research], Giourdas Publishing Ltd, ISBN: 978-960-387-301-3

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[ΤΕΠΑΡ38] ADVANCED PRODUCTION TECHNOLOGIES I Ι [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth Learning Outcomes/Objectives: The course aims to introduce students to the new trends in technologies and methodologies as well as to their application in the field of logistics and supply chain management. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered 1 Implementation of RFID in the supply chain. 2 Exploring the value of RFID in the supply chain. 3 RFID and inventory control. 4 Mobile technologies and supply chain management. 5 Information technology and supply chain management. 6 Agent technology and supply chain management. 7 Design of reverse logistics networks. 8 Business models and e-government. 9 Lean supply chains. 10 Agile supply chains. 11 Decentralised supply chain planning. 12 Supply chains and uncertainty.

Assessment Methods and Criteria: 100% - end of semester final exam. Course Unit Instructor(s): S. Moschuris Recommended Reading: Lecture notes and hand-outs.

[ΤΕΧΡΗ02] FINANCIAL MANAGEMENT II [4.5] ECTS

Level of Course Unit: Advanced Type of Course Unit: Elective Period: Spring Year of Study: Fourth

Learning Outcomes/Objectives: This course provides an advanced coverage of the principles of investment analysis and wide ranging topics in portfolio management. It aims to bring state-of-the-art practices in the finance industry to the classroom and supplement it with theories and recent empirical findings in this area.

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On completion of this course students will have achieved the following learning outcomes: 1. Understand how to formulate the investment decision and select assets matching

investment objectives, and appreciate the key foundations of portfolio diversification and risk–return optimization.

2. Appreciate how factor models are used in portfolio selection and management, and security selection base on intrinsic valuation, sector analysis, and market timing.

3. Have a broad knowledge of issues related to investing globally and in emerging markets, in particular, currency risk and country risk.

4. Appreciate the key attributes of an equity portfolio: Tracking Error, Passive Strategies, Active Investing, Active vs Passive Management.

The unit will cover such topics as: • The investment decision, asset allocation, and the organization and functioning of securities

markets. • Efficient capital markets, portfolio management, asset pricing models and theories. • Equity valuation, financial statement analysis, security valuation, alternative economies,

global asset allocations. • Bond fundamentals, valuation and term structure risk assessment, bond portfolio strategies. • Stock market analysis, industry and company analysis, equity portfolio strategies • Portfolio optimization, index tracking, setting a VaR constraint • Evaluation of portfolio performance, risk decomposition, investment style attribution. Course Unit Format: Four hours of class lectures per week. Course Unit Contents:

Weeks Topics Covered

1 Portfolio Theory I: Utility theory, Mean Variance P ortfolio theory, Covariance and correlation

2 Portfolio Theory II: Markowitz Portfolio Theory, Optimal Portfolios

3 Models of Equilibrium in Capital Markets I: The Cap ital Asset Pricing Model

4 Models of Equilibrium in Capital Markets II: Single -Index and Multi-Factor Models, Arbitrage Pricing Theory

5 Market Efficiency: Market Efficiency, Macroeconomic and Industry Analysis

6 Equity valuation, Equity Valuation Models

7 Bonds: Bond Prices and Yields, Modeling the Term Structure of Interest Rates

8 Asset Allocation: Strategic asset allocation, Tactical asset allocation, International Diversification

9 Equity Portfolio Management I: Tracking Error, Passive Strategies, Active Investing, Active vs Passive Management

10 Equity Portfolio Management II: The Barra Model, Im plementing Equity Portfolio Management Techniques using Barra

11 Portfolio Performance, Portfolio Performance Evaluation 12 Risk Management: Risk decomposition, VaR

Assessment Methods and Criteria: 100% end of semester final exam or 20% project assignment and 80% end of semester final exam. Course Unit Instructor(s): D. Psychoyios

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Recommended Reading: The unit will use journal articles and handouts. Recommended Optional Components:

Some texts you may need to consult (and for which directed reading will be suggested in classes) are,

• Reilly F. and K. Brown (2006) Investment Analysis and Portfolio Management, 8th Edition, Thomson South-Western, (RB).

• Bodie Z., A. Kane and A. Marcus (2005) Investment 6th edition, McGraw Hill, (BKM)

• Elton, J.E., Gruber, J.M., Brown, J.S., and Goetmann, N.W. (2007) Modern Portfolio Theory and Investment Analysis, 7th Edition, Wiley, (EGBG)

• Focardi, S., and Fabozzi, F.J. (2004) The Mathematics of Financial Modeling and Investment Management, Wiley, (FF).