Courses:

Engineering and Applied Sciences >> Engineering Design


For Course Instructors

  • Advertise your course for free
  • Feature your course listing
  • Create course discussion group
  • Link to your course page
  • Increase student enrollment

More Info...>>


Course Info

  • Course Number / Code:
  • 3.56 (Fall 2008) 
  • Course Title:
  • Engineering Systems Analysis for Design 
  • Course Level:
  • Graduate 
  • Offered by :
  • Massachusetts Institute of Technology (MIT)
    Massachusetts, United States  
  • Department:
  • Engineering Systems Division 
  • Course Instructor(s):
  • Prof. Richard de Neufville 
  • Course Introduction:
  •  


  • ESD.71 / 1.146 / 3.56 / 16.861 Engineering Systems Analysis for Design



    Fall 2008




    Course Highlights




    ESD.71 / 1.146 / 3.56 / 16.861 Engineering Systems Analysis for Design



    Fall 2008


    Collage of three small photographs: a bridge, construction equipment, and a space station.
    Examples of large-scale engineering systems where flexible design can be valuable. (Bridge photograph is courtesy of Ric e Ette on Flickr; construction gantry photograph is courtesy of brewbooks on Flickr;International Space Station photograph is from NASA.)


    Course Description


    Engineering systems design must have the flexibility to take advantage of new opportunities while avoiding disasters. This subject develops "real options" analysis to create design flexibility and measure its value so that it can be incorporated into system optimization. It builds on essential concepts of system models, decision analysis, and financial concepts. Emphasis is placed on calculating value of real options with special attention given to efficient analysis and practical applications. The material is organized and presented to deal with the contextual reality of technological systems, that substantially distinguishes the analysis of real options in engineering systems from that of financial options.

    Note


    This MIT OpenCourseWare site is based on the materials from Professor de Neufville's ESD.71 Web site. Additional materials, updated as needed by Professor de Neufville, can be found there.

     

ACKNOWLEDGEMENT:
This course content is a redistribution of MIT Open Courses. Access to the course materials is free to all users.






© 2017 Coursepedia.com, by Higher Ed Media LLC. All Rights Reserved.