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Engineering Decision Making

Analytical Thinking

Course Description

Economics, finance, and computer modelling are applied to engineering decisions


Athena Title

Engineering Decision Making


Prerequisite

MATH 2200 or MATH 2250


Semester Course Offered

Offered every year.


Grading System

A - F (Traditional)


Student Learning Outcomes

  • This course will provide undergraduate students access to elements of quantitative decision analysis including the decision process.
  • This course will provide undergraduate students access to elements of quantitative decision analysis including economical and financial consequences of engineering decisions.
  • This course will provide undergraduate students access to elements of quantitative decision analysis including effects of cash flows, capital costs, depreciation, and taxes on decision variables.
  • This course will provide undergraduate students access to elements of quantitative decision analysis including statistical techniques for alternative development and evaluation.
  • This course will provide undergraduate students access to elements of quantitative decision analysis including statistical quality control.

Topical Outline

  • 1. Decision process and decision making
  • 2. Compound interest concepts
  • 3. Present worth analysis; financial decision analyses
  • 4. Depreciation, taxes, and inflation
  • 5. Future events estimation
  • 6. Descriptive statistics and presentation
  • 7. Descriptive statistics and presentation
  • 8. Probability
  • 9. Statistical inference
  • 10. Linear decision models
  • 10. Decision analysis case studies

Institutional Competencies

Analytical Thinking

The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.



Syllabus