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Last updated:
November 11, 2022
Duration:
Unlimited Duration
FREE
This course includes:
Unlimited Duration
Badge on Completion
Certificate of completion
Unlimited Duration
Description
The course addresses a fundamental issue in system design and management, the need for engineering leaders to recognize uncertainty in the performance of their plans or designs.
It presents discounted cash flow (DCF) Excel models, simulation, and decision analysis as primary ways to analyze possible outcomes of design and management strategies. It also addresses how we should analyze possible performance outcomes and cope with risks in demand, requirements, cost, technology, etc
Course Curriculum
- Risk and Decision Analysis; Engineering Systems Analysis for Design Unlimited
- The Forecast Is “Always” Wrong Unlimited
- DCF Analysis Introduction and DCF Mechanics Unlimited
- Garage Case Example Unlimited
- Mechanics of Simulation Unlimited
- Drivers of Flexibility Unlimited
- Decision Analysis Unlimited
- Information Gathering as a Strategy Unlimited
- Part 1 Evaluating and Choosing Preferred Projects Unlimited
- Part 2 Economic Evaluation Unlimited
- Investment in Large Plants Unlimited
About the instructor
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1520
Courses
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Students
![Profile Photo](https://opencoursa.com/wp-content/uploads/avatars/809/62de1041c5027-bpfull.jpg)
Massachusetts Institute of Technology