Past Courses

• ESI 4523: Introduction to Digital Simulation Techniques
  • The purpose of this course is to introduce undergraduate students to digital simulation techniques in industrial applications. The emphasis is on building computer-based models for real systems and performing simulation experiments to evaluate the behavior of a system under different sets of conditions. Students are required to do a term project, as detailed in a separate handout.
  • Current course website

• ESI 6912: Financial Risk Management
  • The purpose of the course is to present a set of modeling techniques that have been used in the financial markets on contracts devised to tailor risk to specific requirements. These products are at the heart of the significant growth witnessed in the last few years under the label of financial engineering. Although most of the course (roughly 80 %) will focus on financial markets, we will spend a reasonable amount of time on the application and modification of these techniques to risk strategies in the context of engineering risk management (e.g. oil field exploration, product development, etc.) and supply chain operations. As the latter applications are only beginning to emerge, the relevant material will be drawn from recent papers while the main course content will be covered mostly from the official textbook for the course.
  • Course description

• ESI 6529: Digital Simulation Techniques
  • The purpose of the course is to introduce fundamental concepts and techniques for stochastic simulation. Both discrete-event and Monte-Carlo approaches will be covered. Topics will include random number generation, the regenerative method, variance reduction techniques, the quasi-Monte Carlo approach, and Markov Chain Monte Carlo algorithms. Methodology will be illustrated on examples drawn from communications, transportation and manufacturing systems as well as financial engineering. 
  • Course description

• EIN 4354: Elements of Engineering Economy
  • The main goal of this course is to introduce elementary principles and concepts of engineering economy at the undergraduate level. Emphasis is on practical illustrations of the evaluation of capital investment alternatives using economic concepts of investment return and time value of money.
    Current course website

• EIN 6357: Advanced Engineering Economy
  • The main goals of this course are (i) to introduce fundamental principles and concepts of engineering economy, (ii) develop necessary skills to evaluate capital investment alternatives using economic concepts and time value of money, and (iii) acquire analytical and financial techniques for economic justification of decisions.
    Current course website

• ESI 6321: Applied Probability Methods
  • The goal of this course is to apply probabilistic and statistical techniques to actual engineering situations. The emphasis is on understanding how and when to apply certain techniques. This course should be viewed as a second elementary course in probability and statistics.
  • Course description

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