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Data and Decision Analysis for Engineering Management

Course Description

Business and engineering management decisions are made with limited data set and partial information in uncertain environments. Therefore, statistical data and decision analysis is required to translate raw data into meaningful information that is relevant to business and/or engineering decision-making (e.g., quality control, product sampling, profit maximization, cost minimization, optimal decision strategy, etc.). The objectives of this course are first to give students a practical and an intuitive understanding of probability and statistics. And then to illustrate how to apply probabilistic methods and decision analysis to make rational and statistically optimal management decisions in the face of uncertainty and based on partial information. In order to achieve the objectives in this course we first develop a foundation of probability and statistics and then utilize Microsoft Excel to master some fundamentals of data visualization, decision analysis, statistical inference, estimation, prediction, confidence interval, and hypothesis testing. The focus will always be on intuition rather than mathematical notation. Topics will also be applied in management settings and practical examples will be discussed to build the bridge between theoretical models and the real world.

This course is specifically designed to be widely accessible. An intermediate level knowledge of probability and math is required. In addition to that, although we will mostly focus on describing data, interpreting results and computing parameters of our decision framework, we will use Microsoft Excel for data visualization, decision analysis, statistical inference, estimation, prediction, confidence interval, and hypothesis testing. Students will be provided with instructions and the required link to purchase access to the interactive online learning platform that is required in this course.

  • Details
  • $745
  • April 10, 2023 to June 18, 2023
  • Delivery Mode: Online
  • Reg#: 00124
  • ID/Units: EECS X420.1  (3.00)
    ( Section 1 )
  • Quarter: SPRING 2023

Instructor


Alireza Mehrnia, Ph.D., MBA, has more than 12 years of experience in high-tech industry and holds 20+ granted or pending patents. He has also taught engineering courses at UCLA and CSULB. He is the recipient of the UCLA Edward K. Rice outstanding engineering doctoral graduate of the year 2006 and the best paper award from the ACM Conference on Principles of Advanced Discrete Simulation in 2004. He received his Ph.D. in Electrical Engineering from UCLA with a focus on wireless systems, integrated circuits and signal processing in 2006. He also received the M.B.A. degree from the Anderson School of Management (UCLA) in 2013 with a focus on technology and business analytics.

Textbook Information

Textbooks for your course may be purchased from any vendor or bookseller of your choice.

No textbook information is available for this course.

Meeting Schedule

EventDateDayStart TimeEnd TimeLocationRoom
START04/10/2023Monday------Online (Access Begins)---
END06/18/2023Sunday------Online (Access Ends)---