Techniques for Engrg Decisions credit:

3 Hours

Modeling of decisions in engineering work and the analysis of models to develop a systematic approach to making decisions. Fundamental concepts in linear and dynamic programming; probability theory; and statistics. Resource allocation; logistics; scheduling; sequential decision making; siting of facilities; investment decisions; application of financial derivatives; other problems for decision making under uncertainty. Case studies from actual industrial applications illustrate real-world decisions. Prerequisite: ECE 210 ; credit or concurrent registration in ECE 313 .