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Details And Description Of Industrial Engineering, Paul Savory Jan 2005

Details And Description Of Industrial Engineering, Paul Savory

Industrial and Management Systems Engineering Faculty Publications

This content paper addresses key questions for students interested in pursuing industrial engineering as an academic major: What is industrial engineering? What personality characteristics do Industrial Engineers have? What types of projects do Industrial Engineers work on? What types of jobs do Industrial Engineers have? Where do Industrial Engineers work once they graduate? How much can Industrial Engineers earn? I have never heard of IE, is it a new area? How do Industrial Engineers benefit society and business? What classes will I take as an industrial engineering student? What are examples of problems I will learn how to solve? Are ...


On The Validity Of The Geometric Brownian Motion Assumption, Rahul Ratnakar Marathe, Sarah M. Ryan Jan 2005

On The Validity Of The Geometric Brownian Motion Assumption, Rahul Ratnakar Marathe, Sarah M. Ryan

Industrial and Manufacturing Systems Engineering Publications

The geometric Brownian motion (GBM) process is frequently invoked as a model for such diverse quantities as stock prices, natural resource prices and the growth in demand for products or services. We discuss a process for checking whether a given time series follows the GBM process. Methods to remove seasonal variation from such a time series are also analyzed. Of four industries studied, the historical time series for usage of established services meet the criteria for a GBM; however, the data for growth of emergent services do not.