PRINCIPLES OF ENGINEERING ECONOMY
1. Develop the Alternatives;
2. Focus on the Differences;
3. Use a Consistent Viewpoint;
4. Use a Common Unit of Measure;
5. Consider All Relevant Criteria;
6. Make Uncertainty Explicit;
7. Revisit Your Decisions
DEVELOP THE ALTERNATIVES
The final choice (decision) is among alternatives. The alternatives need to be identified and then defined for subsequent analysis.
FOCUS ON THE DIFFERENCES
Only the differences in expected future outcomes among the alternatives are relevant to their comparison and should be considered in the decision.
USE A CONSISTENT VIEWPOINT
The prospective outcomes of the alternatives, economic and other, should be consistently developed from a defined viewpoint (perspective).
USE A COMMON UNIT OF MEASURE
Using a common unit of measurement to enumerate as many of the prospective outcomes as possible will make easier the analysis and comparison of alternatives.
CONSIDER ALL RELEVANT CRITERIA
Selection of a preferred alternative (decision making) requires the use of a criterion (or several criteria). The decision process should consider the outcomes enumerated in the monetary unit and those expressed in some other unit of measurement or made explicit in a descriptive manner.
MAKE UNCERTAINTY EXPLICIT
Uncertainty is inherent in projecting (or estimating) the future outcomes of the alternatives and should be recognized in their analysis and comparison.
REVISIT YOUR DECISIONS
Improved decision making results from an adaptive process; to the extent practicable, the initial projected outcomes of the selected alternative should be subsequently compared with actual results achieved.
Introduction to Engineering Economy is about engineering economy &The technological and social environments in which we live continue to change at a rapid rate.
In recent decades, advances in science and engineering have transformed our transportation systems, revolutionized the practice of medicine, and miniaturized electronic circuits so that a computer can be placed on a semiconductor chip.
Ge6075 professional ethics in engineering unit 1Dr Geetha Mohan
Morals, values and Ethics – Integrity – Work ethic – Service learning – Civic virtue – Respect for others – Living peacefully – Caring – Sharing – Honesty – Courage – Valuing time – Cooperation – Commitment – Empathy – Self confidence – Character – Spirituality – Introduction to Yoga and meditation for professional excellence and stress management.
This report discusses and talks about the engineering economic analysis material and
introduces the student to cost analysis scenarios in which a typical working engineer
might be involved. It outlines some of the many and varied cost and economic
analyses to which beginning, as well as journeyman, engineers are exposed. Effective
analysis of product and project costs and the ability to implement cost control
measures are two sides of the same coin. Most business economic decisions involve
the element of time, however, and it is thus necessary to consider factors such as
interest, the time value of money, and depreciation of equipment. The effect of
inflation (or deflation) on the rate of return for investment depends on how the
future returns respond. Larger investments are analyzed by evaluating the rate of
return. Like other decision-making processes, the decision matrix is a valuable tool to
assist in evaluating the various alternatives, And so report explained and I mentioned
a very important part or let's say element in engineering economic witch is interested I
explained it briefly within its formula and figures and its type and ect...finally my aim
is showing effect and importance and actions of the (Interest) in economy field.
Senses of “Engineering Ethics” – Variety of moral issues – Types of inquiry – Moral dilemmas – Moral Autonomy – Kohlberg‟s theory – Gilligan‟s theory – Consensus and Controversy – Models of professional roles - Theories about right action – Self-interest – Customs and Religion – Uses of Ethical Theories
Virtue ethics is an approach to ethics which emphasizes the character of the moral agent, rather than rules or consequences, as the key element of ethical thinking.
PRINCIPLES OF ENGINEERING ECONOMY
1. Develop the Alternatives;
2. Focus on the Differences;
3. Use a Consistent Viewpoint;
4. Use a Common Unit of Measure;
5. Consider All Relevant Criteria;
6. Make Uncertainty Explicit;
7. Revisit Your Decisions
DEVELOP THE ALTERNATIVES
The final choice (decision) is among alternatives. The alternatives need to be identified and then defined for subsequent analysis.
FOCUS ON THE DIFFERENCES
Only the differences in expected future outcomes among the alternatives are relevant to their comparison and should be considered in the decision.
USE A CONSISTENT VIEWPOINT
The prospective outcomes of the alternatives, economic and other, should be consistently developed from a defined viewpoint (perspective).
USE A COMMON UNIT OF MEASURE
Using a common unit of measurement to enumerate as many of the prospective outcomes as possible will make easier the analysis and comparison of alternatives.
CONSIDER ALL RELEVANT CRITERIA
Selection of a preferred alternative (decision making) requires the use of a criterion (or several criteria). The decision process should consider the outcomes enumerated in the monetary unit and those expressed in some other unit of measurement or made explicit in a descriptive manner.
MAKE UNCERTAINTY EXPLICIT
Uncertainty is inherent in projecting (or estimating) the future outcomes of the alternatives and should be recognized in their analysis and comparison.
REVISIT YOUR DECISIONS
Improved decision making results from an adaptive process; to the extent practicable, the initial projected outcomes of the selected alternative should be subsequently compared with actual results achieved.
Introduction to Engineering Economy is about engineering economy &The technological and social environments in which we live continue to change at a rapid rate.
In recent decades, advances in science and engineering have transformed our transportation systems, revolutionized the practice of medicine, and miniaturized electronic circuits so that a computer can be placed on a semiconductor chip.
Ge6075 professional ethics in engineering unit 1Dr Geetha Mohan
Morals, values and Ethics – Integrity – Work ethic – Service learning – Civic virtue – Respect for others – Living peacefully – Caring – Sharing – Honesty – Courage – Valuing time – Cooperation – Commitment – Empathy – Self confidence – Character – Spirituality – Introduction to Yoga and meditation for professional excellence and stress management.
This report discusses and talks about the engineering economic analysis material and
introduces the student to cost analysis scenarios in which a typical working engineer
might be involved. It outlines some of the many and varied cost and economic
analyses to which beginning, as well as journeyman, engineers are exposed. Effective
analysis of product and project costs and the ability to implement cost control
measures are two sides of the same coin. Most business economic decisions involve
the element of time, however, and it is thus necessary to consider factors such as
interest, the time value of money, and depreciation of equipment. The effect of
inflation (or deflation) on the rate of return for investment depends on how the
future returns respond. Larger investments are analyzed by evaluating the rate of
return. Like other decision-making processes, the decision matrix is a valuable tool to
assist in evaluating the various alternatives, And so report explained and I mentioned
a very important part or let's say element in engineering economic witch is interested I
explained it briefly within its formula and figures and its type and ect...finally my aim
is showing effect and importance and actions of the (Interest) in economy field.
Senses of “Engineering Ethics” – Variety of moral issues – Types of inquiry – Moral dilemmas – Moral Autonomy – Kohlberg‟s theory – Gilligan‟s theory – Consensus and Controversy – Models of professional roles - Theories about right action – Self-interest – Customs and Religion – Uses of Ethical Theories
Virtue ethics is an approach to ethics which emphasizes the character of the moral agent, rather than rules or consequences, as the key element of ethical thinking.
Professional ethics is defined as the personal and corporate rules that govern behavior within the context of a particular profession. An example of professional ethics is the American Bar Association's set of ethical rules that govern an attorney's moral obligations.Human values are the virtues that guide us to take into account the human element when we interact with other human beings. Human values are, for example, respect, acceptance, consideration, appreciation, listening, openness, affection, empathy and love towards other human beings
Pg. 04Question Four Assignment 1Deadline Day 21.docxmattjtoni51554
Pg. 04
Question Four
Assignment 1
Deadline: Day 21/10/2017 @ 23:59
[Total Mark for this Assignment is 5]
Decision support systems
IT 445
College of Computing and Informatics
Question One
1 Mark
Learning Outcome(s):
Instructors: State the Learning Outcome(s) that match this question
Explain how decision style can effect on the decision makers think and react to a problem?
Question Two
2 Marks
Learning Outcome(s):
Instructors: State the Learning Outcome(s) that match this question
Explain of closed-loop Cycle business performance management methodology and its four processes in detail.Question Three
1 Mark
Learning Outcome(s):
Instructors: State the Learning Outcome(s) that match this question
What are the major categories that classified the managers’ roles? Explain the following roles and match them with their categories (Negotiator, Leader, Spokesperson, and Entrepreneur)?
Question Four
1 Mark
Learning Outcome(s):
Instructors: State the Learning Outcome(s) that match this question
Explain and draw the architecture of web-based data warehousing.
What are ethics?
Ethics is a cumulative effort to understand and to control individualism (or existentialism).
Necessary to control this self-regarding human characteristic to live peacefully as an extended group of people.
Ethical behaviour =balance between self-interest and group responsibility.
It is largely a learned skill, rather than an instinct.
Ethics = informal guide to professional decision-making with clear moral guidelines.
The Concept of Engineering Ethics
Ethics is a study of morality in practice
Ethics is given relevance as the application of moral values, particularly in a professional capacity.
2
Ethics =provision of a value system
Very often a guide to proper conduct in society/ work place, rather than imposition of a set of rules like the Road Code
It enables professionals to be influenced and guided in their decision making
Ethical guidelines can very often be informative and descriptive, rather than authoritarian and prescriptive
Values, Etiquette, Morals and Ethics
Values: Your own subjective principles including worth and desirability
Etiquette: Considered good mannered and polite
Morality: Applying a set of morally correct/ honourable set of rules/ principles to situation
Morality = generally accepted standards of right and wrong in a society
Ethics = study of moral decision-making
Used when referring to professional behaviour
Can appear in a code of professional ethics
In New Zealand
A code of engineering ethics is published by IPENZ, which is the professional body, representing professional engineers from all disciplines in New Zealand.
The ethical objectives of the institution are to develop and promote ethical engineering practices benefiting the wider community.
Which is particularly appropriate for engineers, and which is published for the information of the public.
These ethical values .
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.