Decision Tools for Engineering Design and Entrepreneurship Course

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Revision as of 18:04, 20 December 2007

Carnegie Mellon University course number 19-484, 19-784, 24-484, 24-784

This course provides engineers with a multidisciplinary mathematical foundation for integrated modeling of engineering design and enterprise planning decisions in an uncertain, competitive market. Topics include economics in product design, manufacturing and operations modeling and accounting, consumer choice modeling, survey design, conjoint analysis, decision tree analysis, optimization, game theory, model integration, and professional communication skills. Students will apply theory and methods to a team project for a new product or emerging technology of their choice, developing a business plan to defend technical and economic competitiveness. Students may choose to select emerging technologies from research at Carnegie Mellon for study in the course, and in some years venture capitalists and other industry leaders will take part in critiquing student projects. This course assumes fluency with calculus and some prior programming experience. Graduate students will conduct an additional independent research project.

Winter 2008 Course Information

Instructors:

Administrative Assistant:

  • Nancy Beatty, SH-316, 8-2908
  • Susan Stringfellow, 8-6115

Lecture:

  • BH-A53
  • MW 12:30-2:20

Office Hours:

  • TBA

Course Resources

Winter 2008 Schedule

Wk Date Topic Reading Due Homework Due
1 Jan 14 Course introduction, Projects: task, selection, and scope
Jan 16 Engineering economics: Profit, Time-value of money (NPV, Discount rate) Ch 11, 12, 13 ESA
2 Jan 21 Market Economics: Monopoly, Oligopoly, Demand Team Selection
Jan 23 Production Economics: Technical feasible regions, production functions, cost functions, marginal products, marginal cost Ch 2&4 ESA, Pindyck and Rubinfeld? PS1
3 Jan 28 Mini project presentations: Project selection and scope Team Presentations, Peer Reviews
Jan 30 Unconstrained optimization PS2
4 Feb 4 Constrained optimization Project Proposal
Feb 6 Advanced Topics
5 Feb 11 Applications: (Excel Solver) PS3 (Optimization)
Feb 13 Basic operations management Factory Physics, Ch 1
6 Feb 18 Technical cost modeling I Articles: Technical Cost Modeling, Process-Based Cost Modeling PS4 (Execel Solver?)
Feb 20 Technical cost modeling II
7 Feb 25 Design for Location, Technical Cost Modeling Workshop
Feb 27 Modeling demand for attributes, random utility models
8 Mar 3 Random utility models
Mar 5 Random utility models
Mar 10 Spring break - no class
Mar 12 Spring break - no class
9 Mar 17 Mini project presentations: modeling production Production Analysis
Mar 19 Heterogeneity
10 Mar 24 Heterogeneity
Mar 26 Decision analysis CH16 ESA
11 Mar 31 Value of information Ch16 ESA
Apr 2 Mini project presentations: modeling demand Demand Analysis
12 Apr 7 Competition, game theory PS on Decision trees, Value of information
Apr 9 Competition, game theory PS on Competition, Game Theory
13 Apr 14 Business plan creation, model integration
Apr 16 Business plan creation, model integration
14 Apr 21 Business plan creation, model integration
Apr 23 Design for location? Policy implications?
15 Apr 28 Design for location? Policy implications?
Apr 30 Design for location? Policy implications?
Finals Week Final Project Presentations Final Project Report Due
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