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Economics of logistics systems II

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code342-6513/01
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *Second Cycle
Year of Study *Second Year
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
OLI22doc. Ing. Ivana Olivková, Ph.D.
Summary
The subject includes defining the nature of the company and business, property and capital structure of logistics companies, efficiency, financial accounting and methods of financing the company. The course also includes investments and their efficiency in logistics and financial analysis. Attention is also paid to the issue of management in logistics systems, operational management and planning, but also methods of managerial decision-making.
The practical part is devoted to the solution of the semester work. The aim of this semester work is the application of methods of multicriteria evaluation of variants to a specific decision-making problem in the field of logistics systems.
Learning Outcomes of the Course Unit
The aim of the subject is to acquaint students with the property and capital structure of logistics companies, efficiency, financial accounting and methods of financing the company. Students will understand the issues of management in logistics systems, methods of operational management and planning, but also methods of managerial decision-making.
Course Contents
1. Introduction to the subject, definition of basic concepts
2. The essence of business and entrepreneurship
3. Property and capital structure of logistics companies
4. Company property and its financial coverage
5. Efficiency and its basic categories - expenses and costs, calculation and dynamic breakdown of costs
6. Sales, revenues and profit
7. Financial accounting - financial statements and their analysis
8. Ways of financing a company
9. Investments and their efficiency
10. Financial analysis
11. Management in logistics systems - forms of management, operational management, planning
12. Management decision-making - Identification, analysis and formulation of decision-making problems
13. Management decision-making - Selection of criteria, creation of variants and determination of their consequences
14. Management decision-making - Evaluation of decision-making variants and selection of the most suitable variant
Recommended or Required Reading
Required Reading:
Liker, J. The Toyota Way. 14 Management Principles from the World’s Greatest Manufacturer. McGraw-Hill Professional, 2004
Womack, J. P., Jones, D. T. Lean Thinking. Free Press, 1996
Womack, J. P., Jones, D. T., Roos, D. The Machine That Changed the World. Free Press, 1991
Shingo, S. Revolution in Manufacturing. Productivity Press, 1985
Macurová, P., Klabusayová, N., Tvdoň, L. Logistika. 2. vydání, VŠB-Technická univerzita Ostrava, 2018. ISBN 978-80-248-4158-8
Scholleová, H. Ekonomické a finanční řízení pro neekonomy. 2. vydání. Grada Publishing, a.s., 2012. ISBN 978-80-247-4004-1
Fotr,J., Švecová, L. a kol.: Manažerské rozhodování : postupy, metody a nástroje. Praha: Ekopress. Praha. 2016. 474 s. ISBN: 978-80-87865-33-0
Coyle J. J., Bardi E. J., Langley C. J. Management of Business Logistics: A Supply Chain Perspective. South-Western College Pub, 2002
Recommended Reading:
Sheikh, K. Manufacturing resource planning (MRP II). McGraw-Hill Professional, 2003.
Blackstone, J. H., Cox, J. F. APICS Dictionary. Eleventh Edition. APICS The Association for Operations Management, 2005
Wight, O. W. Manufacturing Resource Planning: MRP II. John Wiley & Sons, 1984.
Toomey, J. W. MRP II: Planning for Manufacturing Excellence. Chapman & Hall, 1996
Bazala et al. Logistika v praxi. Praha: Verlag Dashöfer, 2008
Macurová, P., Hančlová, J., Tvrdoň, L., Černý, J., Dejnega, O., Minárová, A. Řízení rizik v logistice. Ostrava: VŠB-TUO, 2011
Synek, M. a kol. Podniková ekonomika. Praha: C.H. Beck, 2010, 5. vydání, ISBN 978-80-7400-336-3
Fiala, P., Jablonský, J., Maňas, M.: Vícekriteriální rozhodování. Praha: Vysoká škola ekonomická Praha. 1994. 316 s. ISBN: 80-7079-748-7
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Tasks are not Defined