451-0551/01 – Economics and Management in Electrical Power Engineering (bc-EME)
Gurantor department | Department of Electrical Power Engineering | Credits | 6 |
Subject guarantor | doc. Dr. Ing. Zdeněk Medvec | Subject version guarantor | doc. Dr. Ing. Zdeněk Medvec |
Study level | undergraduate or graduate | Requirement | Compulsory |
Year | 3 | Semester | summer |
| | Study language | Czech |
Year of introduction | 2003/2004 | Year of cancellation | 2009/2010 |
Intended for the faculties | FEI | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
Explaining basic terms and principles of economic and technical work appraisal in power engineering. The subject deals with economic aspects of construction, maintenance and working in electric systems. It includes evaluation of economical effectiveness of investments in electrical power engineering.
Teaching methods
Lectures
Tutorials
Project work
Other activities
Summary
The subject deals with economic aspects of construction, maintenance and working in electric systems. It includes evaluation of economical effectiveness of investments in electrical power engineering.
Compulsory literature:
1. Samuelson, P. A., Nordhaus, W. D.: Economics. New York. McGraw-Hill 2005.
2. Cole, G. A.: Management - theory and practice. 3. ed. London. DP Publications, 1990.
Recommended literature:
1. Jobber, D., Lancaster, G.: Selling and Sales Management. 4th ed. PITMAN PUBLISHING 1997.
2. Marsch, W.D.: Economics of Electric Utility Power Generation. Clarendon press, New York 1980.
Way of continuous check of knowledge in the course of semester
Credit conditions: Profit minimum 20 points.
E-learning
Other requirements
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
Syllabus of lectures:
Compound interest, coefficients, quantity, production and transport costs, updated costs
Specific cost, loss of energy, loss of power, pricing of losses
Economical electric loading of conductors, economical electric loading of transformers
Power loss and active losses, essential influence on transfer
Economic and technical appraisal of power transmission line
Evaluative economic criterions of market economy
Economic appraisal investments in power engineering
Economic appraisal investments wickedly criterion NPV
Energy policy of Czech republic, organization structure of power engineering
Power engineering legislation, energy market, liberalization of market
Syllabus of numeric exercises:
Compound interest, coefficients, quantity
Specific cost, loss of energy, loss of power, pricing of losses
Economical electric loading of conductors, economical electric loading of transformers
Economic efficiency, updated costs
Economic appraisal investments wickedly criterion NPV, input data, solution alternative
Economic appraisal investments wickedly criterion NPV, calculation of investment costs
Economic appraisal investments wickedly criterion NPV, calculation of NPV
Economical electric loading of conductors, economical electric loading of transformers, reactive current compensation
Quality and reliability of electricity supply, economic connections
Credit exercise
Project:
Economic appraisal investments wickedly criterion NPV
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction