Choose department Department of Computer Science Department of Business Administration Department of Law Department of Engineering Department of Preliminary Studies MBA Department of Applied Engineering Department of Sport Science Department of Psychology MPM Department of Engineering Dean: Dr. Ármann Gylfason Email: ru@ru.is Website: http://www.ru.is/tvd Teachers View Choose major The Green Program MSc in Mechanical Engineering MSc in Electrical Engineering MSc in Sustainable Energy Engineering - Iceland School of Energy MSc in Sustainable Energy Science - Iceland School of Energy Summer School in Iceland School of Energy Exchange Studies - BSc School of Science and Engineering Exchange Studies - MSc School of Science and Engineering MSc in Project Management MSc Electric Power Engineering - Iceland School of Energy MSc in Civil Engineering MSc Electric Power Management - Iceland School of Energy MSc in Mechatronics Engineering Financial Engineering MSc with Computer Science BSc Biomedical Engineering MSc with BSc in Computer Science Engineering Management MSc with Computer Science BSc Mechanical Engineering MSc with Computer Science BSc BSc in Electrical Energy Engineering BSc in Energy Engineering BSc in Engineering MSc in Engineering BSc in Financial Engineering BSc in Biomedical Engineering BSc in Mechatronics Engineering BSc in Engineering Management MSc in Financial Engineering MSc in Biomedical Engineering MSc in Engineering Management BSc in Mechanical Engineering MSc in Sustainable Energy Science - Iceland School of Energy Semesters: 4 Years: 2 ETCS: 120 Learning Outcomes View

Legend Mandatory course on major Teaching language Optional course on major Prerequisites for course

Haustönn/Fall 2023 Energy Study Trip ISE-04 ECTS 3 Energy Technology SE-802-ET1 ECTS 6 Energy Geology SE-803-GE1 ECTS 3 Energy Economics SE-805-EC1 ECTS 6 Special Topics in Energy I SE-805-STE ECTS 1 Environmental Impact Assessment SE-806-EI1 ECTS 6 Geothermal Conceptual Modeling SE-814-GCM ECTS 3 Special Topics in Energy II SE-817-STE ECTS 3 Independent Project SE-826-IP1 ECTS 6 Managing Research and Development - Methods and Models T-814-PROD ECTS 8 Energy in Industrial Processes T-863-EIIP ECTS 8 High Voltage Engineering T-866-HIVO ECTS 8 Smart-Grid and Sustainable Power Systems T-867-GRID ECTS 8 MSc Thesis T-900-MEIS ECTS 30 MSc thesis II T-901-MEI2 ECTS 30 Vorönn/Spring 2024 Energy Study Trip ISE-04 ECTS 3 Environmental Law L-808-UMHR ECTS 7,5 Power Plant Design SE-815-PPE ECTS 6 Geothermal Reservoir Engineering SE-828-GR2 ECTS 5 Geothermal Science I SE-829-GS1 ECTS 5 Geothermal Science II SE-829-GS2 ECTS 5 Geothermal Drilling and Well Design SE-830-DR2 ECTS 6 Geothermal Reservoir Modelling SE-831-GM2 ECTS 6 Energy Financial Assessment SE-833-FA2 ECTS 6 Year 1. year Semester Spring 2024 Level of course N/A Type of course Elective Prerequisites No prerequisites. Schedule Taught during the 12 week teaching period. Lecturer No lecturer found. Content After the course students will be able to develop computer models to assess the profitability/feasibility of investments. Learning outcome - Objectives At the end of the course, the student will be able to develop mathematical models to evaluate the profitability/feasibility of investments. This main criterion can be broken down into the following sub-criteria: Understand the theoretical basis of profitability assessment and the time value of money Calculate the main measures of profitability, incl. present value and compound interest Use the three-point method for planning and estimating initial costs Understand the concept of working capital requirements Know and calculate the main ways to finance a project Make a model of the operating account, cash flow and balance sheet of companies Understand the context and differences between these accounts Discuss and explain the main terms and methods of accounting and financial management Calculate the main key figures in business operations Present and interpret the results of profitability calculations Do a sensitivity analysis, incl. sensitivity star and scenario analysis for projects Perform Monte Carlo simulations for project risk assessment Use decision trees for investment decisions Understand decision-making methods when there are multiple objectives and be able to use the AHP method Understand the difference between a feasibility study and a business plan and the objectives of each Write a good business plan that includes a budget for an investment project Course assessment Project and exam. Reading material No reading material found. Teaching and learning activities Lectures and individual assignments. Language of instruction English Economics of Energy Markets SE-834-EM2 ECTS 6 Hydro Power Management SE-834-HPM ECTS 6 Project Management and Strategic Planning T-803-VERK ECTS 8 Creating a Complete Business Plan for a Technical Idea - Entrepreneurship and the Innovation Process T-814-INNO ECTS 8 Finite Element Analysis in Engineering T-844-FEMM ECTS 8 Wind Power T-863-WIND ECTS 8 Power System Operation T-867-POSY ECTS 8 Stability and Control in Electric Power Systems T-867-STAB ECTS 8 MSc Thesis T-900-MEIS ECTS 30 MSc thesis II T-901-MEI2 ECTS 30 Sumar/Summer 2024 Energy Field School SE-801-ES1 ECTS 6