CIENE4137 Managing Civil Infrastructure Systems

 3 pts. Lect: 3. Examination of the fundamentals of infrastructure planning & management with a focus upon the application of rational methods that support infrastructure decision-making. Institutional environment & issues. Decision-making under certainty and uncertainty. Capital budgeting & financing. Group decision processes. Elements of decision and finance theory. This course takes the perspective that infrastructure managers are primarily decisionmakers. For instance, infrastructure managers routinely: (a) choose between various technologies, (b) allocate resources, (c) program capital investments and (d) make repair or replace decisions, just to name a few. Over roughly the last quarter century, the fields of decision and management science have developed a variety of useful tools that promulgate rational decision processes. These approaches provide a means for structuring and resolving decision problems systematically. Thus, we will spend the majority of our time covering these methods and techniques and discussing how they might improve infrastructure planning & management. We will also discuss: (a) the unique institutional environment of infrastructure management, (b) the role infrastructure plays in contemporary socioeconomic systems and (c) pertinent special topics such as financing, performance assessment and management systems. Students enrolling in the course should be comfortable with the fundamentals of probability and engineering economics.

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