Decision Tools for Engineering Design and Entrepreneurship Course
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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:
- Professor Erica Fuchs, Baker-131E
- Professor Jeremy Michalek, SH-323
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 | Optimization I - Unconstrained convex programming: optimality conditions, numerical methods | PS2 | ||
4 | Feb 4 | Optimization II - Constrained convex programming: optimailty conditions, numberical methods | Project Proposal | |
Feb 6 | Optimization III - Overview of advanced topics: integer programming, nonconvexities, dynamic programming, strochastic algorithms, global optimization | |||
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 | Advanced Topics: Design for location, Corporate Technology Strategy, Corporate Social Responsibility, Policy implications | |||
15 | Apr 28 | Advanced Topics: Design for location, Corporate Technology Strategy, Corporate Social Responsibility, Policy implications | ||
Apr 30 | Advanced Topics: Design for location, Corporate Technology Strategy, Corporate Social Responsibility, Policy implications | |||
Finals Week | Final Project Presentations | Final Project Report Due |