Economics of Transportation and Distribution (LMGT 1345)

Instructor: Michael Yaman

Understanding the transportation systems from their economic perspective, impact of pricing and cost decisions on both the transportation firms as well as other firms within the supply chain both domestically and internationally.

  • Understanding the supply chain concept and its development in the recent decades.
  • Changing global landscape for businesses and other organizations and the external forces that are driving change in the global economy.
  • The special nature of transportation demand and the influence of transportation on companies and their supply chains operating in a global economy.
  • The role of transportation in the movement of people and the influence such movement has on population centers and businesses.
  • Insight into the challenge of developing the appropriate metric for transportation output.
  • The economic concept of price elasticity as it relates to transportation demand.
  • The concept of derived demand as it applies to transportation movements.
  • How transportation service adds value to a product.
  • The importance of the components of transportation service that are important to the movement of freight and their impact upon supply chain costs.
  • The impact of transportation on the development of economic activity for other organizations.
  • The development of supply chain management and the importance of transportation to supply chains.
Text Book