CIVILEN 3080
Transcript Abbreviation:
Civ/Env Ec Eval Op
Course Description:
Fundamentals of engineering economics and optimization for civil and environmental engineering planning and design.
Course Levels:
Undergraduate (1000-5000 level)
Designation:
Required
General Education Course:
(N/A)
Cross-Listings:
Cross-listed in EnvEng.
Credit Hours (Minimum if “Range”selected):
3.00
Max Credit Hours:
3.00
Select if Repeatable:
Off
Maximum Repeatable Credits:
3.00
Total Completions Allowed:
(N/A)
Allow Multiple Enrollments in Term:
No
Course Length:
14 weeks (autumn or spring)
12 weeks (summer only)
Off Campus:
Never
Campus Location:
Columbus
Instruction Modes:
In Person (75-100% campus; 0-24% online)
Prerequisites and Co-requisites:
Prereq or concur: 2060 (406), and enrollment in CivilEn or EnvEng major.
Electronically Enforced:
No
Exclusions:
Not open to students with credit for 576 or EnvEng 576.
Course Goals / Objectives:
Be skilled in the mathematics of compound interest and financial equivalence
Be able to identify the best alternative from a small set of mutually exclusive alternatives based upon economic principles
Be skilled in the formulation and appropriate use of linear, nonlinear, and integer mathematical programs for Civil and Environmental Engineering design problems
Be able to apply the mechanics of expected value- and expected utility-based decision analysis, represent the problems in decision trees, and understand the behavioral interpretations of the criteria and representations
Be able to formulate and represent value of information problems, perform the mathematical calculations involved, and understand the intuition of value of perfect and sample information
Be skilled in graphical solutions to mathematical programs and in the use of available software for solving linear programs
Be able to determine the relative performance of factors and parameters by interpreting sensitivity analysis output from linear programming models
Check if concurrence sought:
No
Contact Hours:
| Topic | LEC | REC out-of-class | REC in-class | Weekly LAB out-of-class | Weekly LAB in-class |
|---|---|---|---|---|---|
| Theory and application of compound interest and equivalence equations | 7.0 | 0.0 | 0 | 0.0 | 0 |
| Economic evaluation of alternatives | 7.0 | 0.0 | 0 | 0.0 | 0 |
| Economic impact of depreciation, taxes, and inflation | 7.0 | 0.0 | 0 | 0.0 | 0 |
| Fundamentals of Expected Utility Decision Analysis: expected value and expected utility; utility assessment; decision trees, value of perfect and sample information, decision tree representations | 10.0 | 0.0 | 0 | 0.0 | 0 |
| Introduction to Mathematical Programming: terminology; objective function and constraint formulation; distinction among linear and nonlinear programs; graphical solutions; sensitivity analysis; LP software and output interpretation | 11.0 | 0.0 | 0 | 0.0 | 0 |
| Total | 42 | 0 | 0 | 0 | 0 |
Grading Plan:
Letter Grade
Course Components:
Lecture
Grade Roster Component:
Lecture
Credit by Exam (EM):
No
Grades Breakdown:
| Aspect | Percent |
|---|---|
| Homework | 20% |
| Exam 1 | 25% |
| Exam 2 | 25% |
| Final Exam | 30% |
Representative Textbooks and Other Course Materials:
| Title | Author | Year |
|---|---|---|
| Civil and Environmental Systems Engineering | ReVelle, Charles S., Whitlatch, E. Earl, and Jeff R. Wright |
ABET-CAC Criterion 3 Outcomes:
(N/A)
ABET-ETAC Criterion 3 Outcomes:
(N/A)
ABET-EAC Criterion 3 Outcomes:
(N/A)
Embedded Literacies Info: