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Nov 03, 2024
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IE 518 - Advanced Engineering Economic Analysis3 Credit Hours Application of engineering economic analysis in complex decision situations. Inflation and price changes; uncertainty evaluation using non-probabilistic techniques; capital financing and project allocation; evaluations involving equipment replacement, investor-owned utilities, and public works projects; probabilistic risk analysis including computer simulation and decision trees; multi-attribute decision analysis; and other advanced topics. (RE) Prerequisite(s): 405. Recommended Background: Statistics 251.
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