Sylabus
Transportation Economics
TLMT-312
Section All
3 Credit Hours
Spring 2014
04/07/2014 to 06/01/2014
Modified 05/06/2014
Description
Course Description:
This course focuses on the micro and macro economic issues associated with international, national, and local transport, logistics, and other issues in the transportation industry. Topics include the economic aspects of rail, water, air, ground, and other transport modes; inventory, and supply.
Course Scope:
This course will provide you with a solid foundation in economic principles and the interaction of transportation economics with regard to technology & globalization. The course will explore the application of economic theory to the transport sector. Unlike other courses which often concentrate on particular modes of transport, such as the railways or shipping, or specific sectors such as the nationalized transport industries, one of the main aims of our course is to show that many economic issues in transport are common to all modes, with some variations. Subsequently, the approach is to show how economic theory may be applied to improve the overall efficiency of the transport sector; examples are, therefore, drawn from all forms of transport.
Objectives
After successfully completing this course, the student will:
1. Explain how the processes of transportation economics play a major role in transportation decisions of an organization.
2. Identify value opportunities for organizations with a rational ERP implementation.
3. Determine best practices for inventory control decisions.
4. Define how reverse logistics can benefit a company.
5. Describe how customer service can improve within a supply chain operation.
6. Discuss international and domestic terms of sale.
7. Discuss wholesale and retail transportation economics.
8. Describe how benchmarking can be a critical aspect of performance management.
9. Explain how a transportation economics strategy can effectively
TLMT-312
Section All
3 Credit Hours
Spring 2014
04/07/2014 to 06/01/2014
Modified 05/06/2014
Description
Course Description:
This course focuses on the micro and macro economic issues associated with international, national, and local transport, logistics, and other issues in the transportation industry. Topics include the economic aspects of rail, water, air, ground, and other transport modes; inventory, and supply.
Course Scope:
This course will provide you with a solid foundation in economic principles and the interaction of transportation economics with regard to technology & globalization. The course will explore the application of economic theory to the transport sector. Unlike other courses which often concentrate on particular modes of transport, such as the railways or shipping, or specific sectors such as the nationalized transport industries, one of the main aims of our course is to show that many economic issues in transport are common to all modes, with some variations. Subsequently, the approach is to show how economic theory may be applied to improve the overall efficiency of the transport sector; examples are, therefore, drawn from all forms of transport.
Objectives
After successfully completing this course, the student will:
1. Explain how the processes of transportation economics play a major role in transportation decisions of an organization.
2. Identify value opportunities for organizations with a rational ERP implementation.
3. Determine best practices for inventory control decisions.
4. Define how reverse logistics can benefit a company.
5. Describe how customer service can improve within a supply chain operation.
6. Discuss international and domestic terms of sale.
7. Discuss wholesale and retail transportation economics.
8. Describe how benchmarking can be a critical aspect of performance management.
9. Explain how a transportation economics strategy can effectively