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Viewing: EMSE 6420 : Uncertainty Analysis in Cost Engineering

Last approved: Sat, 17 Dec 2016 09:01:56 GMT

Last edit: Mon, 22 Aug 2016 01:56:43 GMT

Catalog Pages referencing this course
Programs referencing this course
School of Engineering and Applied Sciences
Engineering Management and Systems Engineering (EMSE)
EMSE
6420
Uncertainty Analysis in Cost Engineering
Uncert. Analysis in Cost Eng
Fall 2016
3
Course Type
Lecture
Default Grading Method
Letter Grade

No
No
EMSE 6410
Corequisites

25
E. Shittu
Frequency of Offering
Every Year
Term(s) Offered
Spring
Are there Course Equivalents?
No
 
No
Fee Type


No


Basic skills for building probability models to perform meaningful engineering economic studies, financial feasibility assessments, and cost uncertainty analysis in the planning phase of engineering projects; analytical and closed form equations from probability theory; simulation modeling for problems with structures without closed form equations.
On completion of the course, you will be able to: 1. interpret uncertainty and the role of probability in cost engineering and analysis problems; 2. apply cost uncertainty analysis methods using fundamental axioms and properties of probability; 3. apply the theory of expectation, moments of random variables, and probability inequalities to decision making; 4. model uncertainty using a family of continuous univariate distributions and joint probability distributions; 5. analyze cost functions that are products or quotients of two or more random variables using the Mellin transform; 6. conduct simulation on conditional probabilities based on discrete and continuous random variables; 7. calculate risk tolerance with utility theory; 8. optimize decision variables;
Uploaded a Course Syllabus

Course Attribute


mazzu (Thu, 15 Oct 2015 17:16:44 GMT): Rollback: Confer with Prof Shittu and resubmit
riffat (Wed, 13 Jan 2016 10:41:07 GMT): Rollback: Please shorten the course description to a few sentences, as it will be presented in the Bulletin.
riffat (Sat, 16 Jan 2016 01:33:47 GMT): Rollback: The course description is too long. Please refer to Bulletin for existing descriptions and shorten.
cbeil (Mon, 22 Aug 2016 01:56:43 GMT): minor edits
Key: 2790