Construction Decisions Under Uncertainty

3 credits · College of Engineering catalogue

Advisory Prerequisite: CEE 405 or a course in probability or statistics such as STATS 310 or STATS 311 or SMS 301. Enforced Prerequisite: None. (3 credits) Construction project and organization decisions for the uncertain future. Selection of construction method, equipment, contract, markup and financing alternatives having the highest expected values. Uses decision theory, competitive bid analysis, probabilistic modeling and simulation and multiple regression analysis in managing construction.