Course code BIOEC350

BIOEC350 Biologically based production, industrial processes and markets

There may be changes to the course due to to corona restrictions. See Canvas and StudentWeb for info.

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Showing course contents for the educational year 2021 - 2022 .

Course responsible: Eirik Romstad
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
24
Teaching exam periods:
This course starts in the Spring parallel. This course has teaching/evaluation in the Spring parallel. 
Course frequency: Annually
First time: 2021H
Preferential right:
Priority to students on the master program in Bioeconomy - Biobased Value Creation and Business Development (M-BIOEC).  Vacant slots distributed based on the priority list:
1) Master in Business Administration (M-ØA)
2) Master in Applied Economics and Sustainability (M-ECON)
3) Master in Entrepreneurship and Innovation (M-EI)
Course contents:

The course has two main parts: (i) Production-economics and (ii) market analysis.

The course covers non-linear optimization, linear programming and analysis of supply and demand in the marketplace for biologically based products.  The chosen methods are being utilized in order to highlight the impact various decisions in the production process and market demand have on profitability.  

Learning outcome:

Knowledge:

The student should know how various elements impact the profitability of different production methods.  Additionally, the students should know how a market-focus impacts choices the company will need to take related to raw material and production processes.  Value chain analysis and identification of market potential for rest-material are sentral areas that impacts profitability, and the students should have a strong understanding of these areas.

The students will learn how a value chain perspective can promote increased profitability. This will be done through analysis of different types of manufacturing approaches with the aim to understand how changes in production method, processing and refining can lead to increased profitability.

Learning activities:
The course will be seminar-based, with full or half-day collections followed by case assignments and/or other forms of group assignments.
Syllabus:
The reading curriculum will be published prior to the start of the course.
Recommended prerequisites:
Mandatory activity:

Mandatory participation: Pass on presentation and discussion of two group projects:

Analysis of self selected biological production + discussion of another group's presentation.Analysis of the marekt for a self selected product + discussion of another group's presentation.

Mandatory presence on all the group presentations.

Assessment:
Portfolio Combination: Term paper in groups (3-4 students): Formulation of problem statement (10%), presentation of the first draft of the term paper (40%), and finished term paper (50%).
Nominal workload:
250 hours
Examiner:
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Examination details: Portfolio: Passed / Failed