After successful completion of the course, students are able to:

• conceptualize management control systems via MGT activity diagrams

• conzeptualize and operationalize cost control systems

• establish flexible budgeting systems

• conceptualize budget management systems and operate them as budget manager

• determine optimal control strategies in Cost-Volume-Profit-based production planning and control systems

1) Controlling: Definitions and concepts 2) Modeling MGT processes as UML-activity diagrams 3) Cost Volume Profit (CVP) Management under Uncertainty 4) Flexible CVP-Budgeting under Uncertainty 5) Cost-Management: Cost planning, check and control 6) Planning of Optimal Energy Mix 7) CVP-Budget Management under Uncertainty 8) Introduction into stochastic control theory 9) Stochastic optimal planning of production volumes

Constructivist teaching methodology

• Midterm and final exam with calculation & case examples and multiple-choice questions
• Preparation for the lecture via reading assignments and homeworks
• Project work
• Case presentations and discussions in the lecture

Lecture notes (currently available)