Introduction to Logistics and Transport Economics

Upon successful completion of this course, the student will be able to:

Knowledge

The student shall have:

• Knowledge of the logistics system in a company.
• Knowledge of the term quality of transport.
• Knowledge of various forecasting methods, and basic inventory models.
• Knowledge of production and distribution planning.
• Knowledge of what influences the supply of and demand for passenger and freight services.
• Knowledge of direct and external costs of transport operations.
• Knowledge of the logistics system's environmental impact.

Skills

The student should:

• Be able to explain the logistical challenges for a company.
• Have a basic understanding of the term quality of transport.
• Have basic skills in using simple forecasting methods and basic inventory control models.
• Be able to make simple calculations of net requirements in a manufacturing company.
• Be able to account for key challenges related to efficient distribution planning.
• Be able to discuss important supply and demand drivers for transport services.
• Be able to account for direct and external costs of transport operations.
• Understand how different designs of logistics systems affect the environment.

General competence

The student should:

• Have basic knowledge of the logistics system in a company and important transport economic issues.
• Be able to identify and analyze the logistical challenges in companies and make recommendations for solutions.
• Be able to describe and analyze the transport infrastructure and the transport services impact on business competitiveness, population welfare and the environmental challenges both locally and globally.