Quantitative Methods in Maritime
Syllabus
- Macroeconomic trends and their impact on business operations
- Analysis of time series, prediction from time series
- Business reports and their analysis
- Presentation of business data
- Financial and non-financial (transport and logistics) company’s performance indicators
- Creation of a business strategy depending on macroeconomic trends and performance indicators (pricing policy, differentiation of production, investments)
- Identification of key links (Quantitative tools for analyzing the relationship between variables; Correlation or causation)
- Cost control and profit planning (Profit maximization, minimization of costs, forecast of demand and costs, and impact of both on business results)
- Creation of a financial plan for projects in transport (within the company and infrastructural projects)
- CBA, MCA
- NPV, IRR
- The impact of investment projects on financial reports
Goals and competencies
Students will develop the ability to understand and analyse macroeconomic factors that influence decision-making in enterprises. They will learn methods to optimize the strategies in companies in line with the set objectives and external circumstances. They will repeat or freshly acquire certain statistical knowledge that is useful in economics and business operation.
Basic literature
1. Besley S., Brigham E. F. (2012): Corporate finance, South-Western: Cengage Learning – Prevod: Stojanović N. (2015): Poslovne finansije, Beograd: Data Status
2. Kothari J., Barone E. (2006): Financial accounting – An international approach – Prevod: Jovanović R. (2012): Financijsko računovodstvo – Međunarodni pristup, Beograd: Data Status
3. Gowthorpe C. (2008): Management accounting, Cengage Learning EMEA – Prevod: Halilović R. (2009): Upravljačko računovodstvo, Beograd: Data Status