University of Illinois Urbana-Champaign 3 credits Electrical and Computer Engineering
Modeling of decisions in engineering work and the analysis of models to develop a systematic approach to making decisions. Fundamental concepts in linear and dynamic programming; probability theory; and statistics. Resource allocation; logistics; scheduling; sequential decision making; siting of facilities; investment decisions; application of financial derivatives; other problems for decision making under uncertainty. Case studies from actual industrial applications illustrate real-world decisions. Prerequisite: ECE 210; credit or concurrent registration in ECE 313.
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