The course begins with an introduction to engineering economics followed by an introduction to the mathematical principles behind optimization problems formulated using Linear Programming and Mixed Integer Linear Programming. Mathematical models using these principles are widely applied in both technical and techno-economic engineering software. On the basis of lectures and supervised workshop sessions, the student will continue to develop and program an original model using techno-economic optimization techniques, which is relevant to the student’s own research project. Selected software will be introduced and practiced as recommended options for state-of-the-art analyses.
Intended learning outcomes:
- describe the theory behind the use of economics in engineering
- describe key mathematical methods (Linear Programming and Mixed Integer Linear Programming) and their use in dealing with engineering optimization problems
- develop an original model relevant to the student’s own research subject for the purpose of economic analysis and optimization
- design and optimize an engineering project subject to technical and economic conditions
- analyze and assess the economic feasibility of an engineering project
Chart: Main course elements
Prerequisites: Basic engineering level mathematics and basic modeling techniques.
Morten Boje Blarke (email@example.com)
Morten Boje Blarke (firstname.lastname@example.org), Christian Milan (email@example.com), Mads Pagh Nielsen (firstname.lastname@example.org)
4 – 7 March 2013
Aalborg University, Pontoppidanstræde 101
Number of seats:
11 February 2013
Important information concerning PhD courses
We have over some time experienced problems with no-show for both project and general courses. It has now reached a point where we are forced to take action. Therefore, the Doctoral School has decided to introduce a no-show fee of DKK 5,000 for each course where the student does not show up. Cancellations are accepted no later than 2 weeks before start of the course. Registered illness is of course an acceptable reason for not showing up on those days. Furthermore, all courses open for registration approximately three months before start. This can hopefully also provide new students a chance to register for courses during the year. We look forward to your registrations.