IE 4050: Advanced Engineering Economy for Complex Engineering Projects
Credits: 3. Contact Hours: Lecture 3.
Prereq: MATH 2650, MATH 2670, STAT 2310 and I E 3050
Overview of engineering economic valuation and complex engineering projects. Stochastic dynamic programming for project valuation. Modeling and analysis of confounding factors of engineering projects. Integration and synthesis of valuation methodologies to complex projects. Applications to power plants, transmission networks, and satellites.