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    Advanced Organizer: Managing Engineering and Technology

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    irqovi
    The document discusses various topics related to managing engineering and technology including planning, decision making, organizing, leading, controlling, personal technology, research, time management, design, ethics, production, quality, marketing, and project management.

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    Advanced Organizer: Managing Engineering and Technology

    Uploaded by

    irqovi
    26 views13 pages
    The document discusses various topics related to managing engineering and technology including planning, decision making, organizing, leading, controlling, personal technology, research, time management, design, ethics, production, quality, marketing, and project management.

    Original Description:

    ghgj

    Original Title

    Decision Making

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    The document discusses various topics related to managing engineering and technology including planning, decision making, organizing, leading, controlling, personal technology, research, time management, design, ethics, production, quality, marketing, and project management.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    26 views13 pages

    Advanced Organizer: Managing Engineering and Technology

    Uploaded by

    irqovi
    The document discusses various topics related to managing engineering and technology including planning, decision making, organizing, leading, controlling, personal technology, research, time management, design, ethics, production, quality, marketing, and project management.

    Copyright:

    © All Rights Reserved
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    Advanced Organizer

    M a n a g in g E n g in e e r in g a n d T e c h n o lo g y
    M a n a g e m e n t F u n c t io n s
    P la n n in g
    D e c is io n M a k in g
    O r g a n iz in g
    L e a d in g
    C o n t r o llin g

    M a n a g in g T e c h n o lo g y

    P e r s o n a l T e c h n o lo g y

    R e s e a rc h

    T im e M a n a g e m e n t

    D e s ig n

    E t h ic s

    P r o d u c t io n

    C a re e r

    Q u a lit y
    M a r k e t in g
    P ro je c t M a n a g e m e n t

    Planning/
    Decision-Making Process
    1. Recognize Problem / Opportunity
    2. Define Goals/Objectives

    Overall Mission
    / Objectives

    3. Assemble Relevant Data

    5. Select the Criterion

    4. Identify Feasible Alts

    6. Construct a Model

    7. Predict Alts Outcomes


    9. Audit the Results

    8. Choose the Best Alt.

    Planning Tools &Techniques


    Techniques for Assessing the environment
    Environmental Scanning
    Forecasting BenchmarkingTechniques for allocating Resources
    Budgeting
    Scheduling- Gantt charts, PERT Network analysis,
    CPM
    Breakeven Analysis
    Linear programming

    Mathematical Model
    A model is usually refers to a
    representation of an actual object to
    reduced scale such as a wooden model of
    a building. These models are used to study
    the behavior of the actual object. For
    example a scale model of an aero plane
    can be used in a wind tunnel to simulate
    the behavior of the actual aero plane in
    flight. Mathematical model perform the
    similar function. This mathematical
    modeling is the aid to decision making

    Tools for Decision Making under


    Certainty
    Linear programming
    Graphical solution
    Simplex method
    Computer software

    Non-linear programming
    Engineering Economic Analysis

    Linear Programming
    Linear programming is the simplest
    and most widely used technique for
    solving decision making problems.
    The aim of this method is to
    determine how to meet the desired
    goals while taking constraints into
    account.
    The term linear implies
    proportionately

    Linear Programming

    Decision Variables
    Objective Function (Maximizing or Minimizing)
    Example:
    A factory produces two products, product X
    and product Y. If we can realize $10 profit per
    unit of product X and $14 per unit of Y, what
    should be the production level for product X
    and product Y?
    Maximize P = 10x + 14y

    Linear Programming
    Constrains
    Example:

    3 machinists
    2 assemblers
    Each works 40 hours/week
    Product X requires 3 hours of machining and
    1 hour of assembly per unit
    Product Y requires 2 hours of machining and
    2 hours of assembly per unit

    For machining time: 3x + 2y 3(40)


    For assembly time: 1x + 2y 2(40)

    Linear programming
    Graphical solution (Constraints)
    Y
    60

    (0,60)

    50

    (0,40)

    3x+2y120

    40

    Corner Solutions

    30

    x+2y80

    20

    Feasible
    Region

    10
    0

    10

    20 30

    (40,0)
    40

    50

    (80,0)
    60 70

    80

    90

    Linear programming
    Graphical solution (Objective Function)
    Y
    60

    P=10x+14y

    50

    P=1050

    40
    30

    P=700

    20

    P=350

    10
    0

    10

    20 30

    40

    50

    60 70

    80

    90

    Linear programming
    Graphical solution (Objective Function)
    Y
    60

    P=10x+14y

    50

    P=1050

    40
    30

    P=700

    20

    P=350

    10
    0

    10

    20 30

    40

    50

    60 70

    80

    90

    Linear programming
    Graphical solution
    Y
    60
    50

    Optimal Solution
    (20, 30)

    40
    30
    20
    10
    0

    10

    20 30

    40

    50

    60 70

    80

    90

    Engineering Economic Analysis


    Time Value of Money
    Minimum Acceptable Rate of Return
    Decision Criteria
    Net Present Worth
    Equivalent Annual Worth
    Internal Rate of Return
    Benefit / Cost Ratio

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