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Course ID: | ENGR 2110. 3 hours. | Course Title: | Engineering Decision Making | Course Description: | Economics, finance, and computer modelling are applied to engineering decisions | Oasis Title: | ENG DECISION MAKING | Prerequisite: | MATH 2200 or MATH 2250 | Semester Course Offered: | Offered every year. | Grading System: | A-F (Traditional) |
| Course Objectives: | To provide undergraduate students access to elements of quantitative decision
analysis including: the decision process; economical and financial consequences of
engineering decisions; effects of cash flows, capital costs, depreciation and taxes
on decision variables, statistical techniques for alternative development and
evaluation; and, statistical quality control. | Topical Outline: | Decision process and decision making
Compound interest concepts
Present worth analysis; financial decision analyses
Depreciation, taxes, and inflation
Future events estimation
Descriptive statistics and presentation
Frequency distributions
Probability
Statistical inference
Linear decision models
Decision analysis case studies | |
Syllabus:
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