16 861 - Engineering Systems Analysis for Design

Institution:

Massachusetts Institute of Technology

Subject:

Description:

Covers theory and methods to identify, value, and implement flexibility in design, also known as ?real options?. Topics include definition of uncertainties, simulation of performance for scenarios, screening models to identify desirable flexibility, decision and lattice analysis, and multidimensional economic evaluation. Students demonstrate proficiency through an extended application to a systems design of their choice. Provides a complement to research or thesis projects. Meets with ESD.710 first half of term.

Credits:

3.00

Credit Hours:

Prerequisites:

Prereq: 1.145 or permission of instructor

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

web.mit.edu/student/

Phone Number:

(617) 253-1000

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Four-one-four plan

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