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Operations Research, Systems Engineering and Industrial Engineering Commons

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Engineering economy

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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management, C. Ariel Pinto, Michael K. Mcshane, Abhishek S. Pathak Jan 2011

Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management, C. Ariel Pinto, Michael K. Mcshane, Abhishek S. Pathak

Finance Faculty Publications

This article describes the Delayed Bang Approach for determining the value of risk management alternatives in critical infrastructure security. The discussion includes (1) the need for sustainable risk management (2) the importance of time valuation in evaluating competing loss prevention and loss reduction alternatives, (3) the convergence of deterministic engineering economics, survivability analysis, and probabilistic analysis, and (4) hypothetical examples of the Delayed-Bang Approach and significance towards more sustainable risk management.


The Engineering Learning Portal For Problem Solving: Experience In A Large Engineering Economy Class, Sarah M. Ryan, John K. Jackman, Frank E. Peters, Sigurdur Olafsson, Mary Huba Jan 2004

The Engineering Learning Portal For Problem Solving: Experience In A Large Engineering Economy Class, Sarah M. Ryan, John K. Jackman, Frank E. Peters, Sigurdur Olafsson, Mary Huba

Industrial and Manufacturing Systems Engineering Publications

In an effort to improve students' problem solving skills with information technology across the industrial engineering curriculum, we created an Internet based problem-solving environment. The module implemented for engineering economy presents a realistic problem that establishes connections with other courses. The design of the learning environment promotes metacognitive skill development by requiring students to explain each major problem solving action taken and to evaluate their own progress toward a solution. Experience in two successive semesters of a large introductory course indicates that information technology can be used effectively to create opportunities for students to collaboratively solve realistic engineering problems, thereby ...