• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Economic Foundations of Logistics

2018/2019
Academic Year
ENG
Instruction in English
3
ECTS credits
Course type:
Bridging course
When:
1 year, 2 module

Instructors

Course Syllabus

Abstract

The course is designed in order to introduce the students fundamental knowledge of economic basic and its’ application to logistics. The course is based on interactive teaching style with intensive student participation. The course combines lectures and group-work components, in-class discussions. The self-study work is supported by the on-line video course in economics theory in logistics. The course covers the following topics: macroeconomics, microeconomics, human resource management, IT technologies. On-line course: Supply Chain Finance and Blockchain Technology https://www.coursera.org/specializations/supply-chain-finance-and-blockchain-technology
Learning Objectives

Learning Objectives

  • Understanding the basic concepts of economics in logistics
  • Application of economics models and methods to certain functional areas of logistics
  • Solving economic problems in logistic enterprises of various types
Expected Learning Outcomes

Expected Learning Outcomes

  • Understand the challenges of uncertain economic environment; assess them and take appropriate logistics decisions
  • Ability to discuss and analyze subject of lectures
  • Demonstrate deep knowledge and critical understanding of the basis of the economic theory, practical aspects of application economic models and methods in logistics
Course Contents

Course Contents

  • Theme 1
    1.1 Basic concepts and principles of economic theory, its’ correlation with supply chain management; Economic task of the enterprise, factors that influences on intensive logistics systems development, economic inputs and outputs to logistics, sources of economic basic of Logistics and SCM design (as a discipline). 1.2 Costs management in supply chains, financial flows in logistics; Operational goal clusters: cost reduction, increase of the adaptability, value enhancement; introduction of the term ‘cash flow’, definition, ways of calculation, cash cycle duration, equations; total logistics costs analytical model. Students are asked to calculate the cash cycle duration for particular company. Brief discussion on topics of the on-line course
  • Theme 2
    2.1 Assets in logistics; Types of assets used in logistics; micro logistics indicators related to assets in logistics; economic order quantity model. Students are asked to proceed with the calculations and define several parameters of the economic order quantity model. 2.2 Logistics costs assessment: analytical approach; Using Total Cost to score and assess suppliers, case study devoted to comparing suppliers based on total cost’ (case Green Thumb). Brief discussion on topics of the on-line course
  • Theme 3
    3.1 Peculiarities of investment projects in logistics; Changes of the innovations’ nature and its correlation with investment projects in logistics; phases of the product innovation cycle; integrated supply chain framework; overarching enabler of SCM investment. 3.2 Analysis of economic efficiency of logistics tools; Indicators of economic efficiency related to logistics operations. Students are asked to evaluate logistics performance efficiency based on ROA analytical model. Brief discussion on topics of the on-line course
Assessment Elements

Assessment Elements

  • non-blocking In-class Participation (completing the tasks in groups)
  • non-blocking On-line course task (students are involved to discussion according to the on-line course topic)
  • non-blocking Exam (written exam 80 min)
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.5 * Exam (written exam 80 min) + 0.25 * In-class Participation (completing the tasks in groups) + 0.25 * On-line course task (students are involved to discussion according to the on-line course topic)
Bibliography

Bibliography

Recommended Core Bibliography

  • Kabak, Ö., Ülengin, F., & Önsel Ekici, Ş. (2018). Connecting logistics performance to export: A scenario-based approach. Research in Transportation Economics, (C), 69. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.eee.retrec.v70y2018icp69.82

Recommended Additional Bibliography

  • Azmat Gani. (2017). The Logistics Performance Effect in International Trade. Asian Journal of Shipping and Logistics, (4), 279. https://doi.org/10.1016/j.ajsl.2017.12.012