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Decision Making in Engineering Design
ME59700
Credit Hours:
3Learning Objective:
- Learn to formulate engineering design decisions under risk and uncertainty.
- Learn to apply multi-attribute utility theory to make decisions in engineering design
- Assess the assumptions and limitations of commonly used decision-making methods in engineering design.
- Identify and reduce biases in engineering design decisions.
- Adopt an interdisciplinary approach to design across engineering, economics, and social sciences.
Description:
Role of decision making in engineering design; multi-objective decision making under risk and uncertainty; Group decision making; Sequential decision making; Model-based and data-driven decision making; Heuristics and biases in design decision making. Applications to engineering design including estimation of customer preferences, simulation-based design, and sustainable design.
Spring 2021 Syllabus
Topics Covered:
- Course overview
- Engineering design and systems engineering through the lens of decision making
- Framing a decision situation
- Decisions under certainty
- Probability Theory: An Overview
- Single Attribute Utility Theory
- Multi-attribute Utility Theory with examples in engineering design and manufacturing
- Value of Information
- Sequential Decision Making
- Rationality
- Cumulative Prospect Theory
- Decision Field Theory
- Preferences over Time
- Estimating Customer Preferences
- Estimating Customer Preferences
- Group Decision Making