Engineering Economy
Time value
of money. Engineering project analysis using economic approaches. Depreciation.
Evaluation of replacement alternatives. Decision under risk and uncertainty.
IE417 Computer Simulation (Dr.Busaba Phruksaphanrat)
Random number generation, tests on randomnumber, fundamental data collection and analysis, model verification,application of simulation in queuing systems and industrial problems usingcomputing languages or packaged standard software, simulated solution analysisand comparison with other methods.
IE312 Production planning and control
Characteristics of production processes. Forecasting techniques. Production planning. Inventory management. Cost and profit analysis for decision making. Production sequencing. Production control. Line balancing. Study of controlling and managing major factors in production process to lower production cost and idle time.
IE261 Engineering statistics (Dr.Busaba Phruksaphanrat)
Probabilitytheory and statistical distributions, Sampling theory, Estimation theory,Hypothesis testing, Nonparametric statistics, Regression and correlation,Analysis of variance. Engineering applications of statistics.