MIM U315 - Statistical and Economical Analyses in Engineering

Institution:

Northeastern University

Subject:

Description:

Introduces engineering probability and statistics, as well as engineering economic analysis for project or design evaluation. Case studies are used to illustrate the integration of these areas in the design/system analysis process. Topics in engineering probability and statistics include descriptive statistics, expected value of random variables, and hypotheses testing. Introduces statistical process control and sampling methods as well as reliability methods for the analysis and improvement of system/design performance. Also covers fundamental concepts of time value of money and economic valuation of system designs. Effect of depreciation and taxes on comparing different alternatives are studied. Project management topics and optimization software applications are introduced. Provides students with evaluation tools for analyzing the design/manufacturing process.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.northeastern.edu

Phone Number:

(617) 373-2000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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