Course - Introduction to Industrial Economy and Data Analytics - TLOG1015
TLOG1015 - Introduction to Industrial Economy and Data Analytics
New from the academic year 2023/2024
Examination arrangement: School exam
Grade: Letter grades
|Evaluation||Weighting||Duration||Grade deviation||Examination aids|
|School exam||100/100||4 hours||3.PART|
The subject is compulsory in the first year of the study program INGLOG (Program subject 1 identity subject). It should help to provide a good understanding of basic business economics and data analysis. The course consists of a module in basic economics (3.5 credits), and a module in basic data analysis (4 credits). The academic content (see the section for learning outcomes) is adapted to logistics engineers' needs for knowledge and skills in business economics and data analysis. Several subjects further on in the study program build on this subject.
The course conveys the following knowledge to the candidate
- General knowledge of business finance and investment analysis
- Specific knowledge of pricing under various market forms, financial accounting, accounting analysis of cost trends, investment analysis and transfer pricing
- Specific knowledge of performance measurement in value chains and logistics
- General knowledge of data types and data acquisition methods, both quantitative and qualitative
- Specific knowledge of business modelling, break-even analysis, sensitivity analysis, trend analysis, forecasting, data visualization and interpretation with examples from logistics
- Specific knowledge of computer systems for logistics, ERP systems
- General knowledge of the use of Big Data, Data Mining and Machine
LearningSkills: The candidate must be able to:
- Apply acquired knowledge in analyzes and discussions of basic business economic issues
- Carry out written business financial analyzes using relevant calculation methods and theory
- Assess the choice between different qualitative and quantitative data analysis methods and apply them
- Build simple models in Microsoft Excel, and use techniques to analyze and visualize data
- Carry out break-even analysis, Pareto analysis, trend analysis in a logistics context
- Solve other real problems in logistics with examples from inventory management (EOQ) and planning
- Recognize the structure of integrated logistics information systems (ERP)
Other important learning objectives: The candidate should be able to
- Understand the role of logistics in an overall corporate economic perspective
- Be able to apply data analysis in logistics and value chain management in general and in particular with a view to continued development in digitalisation
- Understand the role of digitalization, sustainability and ethics in business operations
Learning methods and activities
Lectures and assignments
Further on evaluation
Written, digital school exam.
6 exercises. At least 5 must be passed to be able to sit for the exam.
Compulsory activity from previous semesters can be approved by the department.
The continuation exam can be changed to an oral exam.
Admission to a programme of study is required:
Logistics engineering (FTHINGLOG)
Recommended previous knowledge
Required previous knowledge
To be specified by the start of semester.
Credits: 7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: AUTUMN 2023
Language of instruction: Norwegian
Department with academic responsibility
Department of Industrial Economics and Technology Management
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 3.PART 2023-12-07 15:00 INSPERA
Room Building Number of candidates SL310 Sluppenvegen 14 32 SL311 Sluppenvegen 14 23
- Summer UTS School exam 100/100 3.PART INSPERA
Room Building Number of candidates
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"