CHAPTER 0a lecture notes

CHAPTER 0a lecture notes

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Unformatted text preview: Sons, NY, 1975. 4. Instructor’s notes. 2 CHAPTER 0a. INTRODUCTION TO DECISION ANALYSIS FOR ENGINEERING Grading Slide No. 4 ENCE 627 ©Assakkaf Homework (25%) Project (25%) Midterm Exam (25%) Final Exam (25%) CHAPTER 0a. INTRODUCTION TO DECISION ANALYSIS FOR ENGINEERING General Course Description Slide No. 5 ENCE 627 ©Assakkaf Probability basics, subjective probability, using data, introduction to decision analysis, elements of decision problems, structuring decisions, making choices, sensitivity analysis, Monte Carlo simulation, value of information, risk-based decision making, multiobjective problems, stochastic dynamic programming. Applications in engineering and economics. 3 Slide No. 6 CHAPTER 0a. INTRODUCTION TO DECISION ANALYSIS FOR ENGINEERING Course Objectives ENCE 627 ©Assakkaf The objective of this course is it to develop the needed working background in the areas of model building, and analysis for decision making in engineering in an environment of uncertainty leading towards risk-based decision making. CHAPTER 0a. INTRODUCTION TO DECISION ANALYSIS FOR ENGINEERING Course Objectives Slide No. 7 ENCE 627 ©Assakkaf 1. Provide understanding of the purpose of studying decision-analysis techniques. 2. Represent real-world engineering and management problems using models that can be analyzed to gain insight and understanding. 4 CHAPTER 0a. INTRODUCTION TO DECISION ANALYSIS FOR ENGINEERING Course Objectives Slide No. 8 ENCE 627 ©Assakka...
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This note was uploaded on 10/24/2012 for the course ESI 6385 taught by Professor Mansoorehmollaghasemi during the Fall '12 term at University of Central Florida.

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