System Design and Operations Under Uncertainty
Olivier de Weck
No enrollment limit, no advance sign up
Participants welcome at individual sessions (series)
The traditional paradigm in the design of large scale systems such as the electrical power grid and transportation systems has been that changes occur slowly or that trends can be predicted reliably. Recent events such as Sept. 11, 2001, a suite of natural disasters and increasingly dynamic and fragmented marketplace challenge this assumption. Increasingly, architects, designers and operators have to include consideration of uncertainty in their decision making. This seminar series illuminates this subject from a variety of viewpoints.
Web: http://www.mit.edu/~margret/orcesd
Contact: Margret Bjarnadottir, margret@mit.edu
Sponsor: Operations Research Center
Cosponsor: Engineering Systems Division
Adaptive Experimentation, Expected Value of Improvement, and Robust Design
Professor Dan Frey
We will present research into adaptive experimentation as a means for making improvements in design of engineering systems. A simple method for experimentation is described entitled adaptive one-factor-at-a-time. A mathematical model is proposed and theorems are presented concerning the expected value of the improvement provided. Full abstract can be found at www.mit.edu/~margret/orcesd
Tue Jan 10, 12-01:00pm, E40-498
An OR Approach to Financial Planning
Dr. Gina Mourtzinou, Portfolio Manager, RiverSource
Financial planning is best described as the process used to establish an individual’s short and long-term goals and make the appropriate financial and personal decisions to achieve those goals. In today’s world with the market conditions as uncertain as ever, financial planning becomes increasingly more important. It is also a dream OR problem. Full abstract can be found at www.mit.edu/~margret/orcesd.
Tue Jan 17, 12-01:00pm, E40-298
Strategic Engineering: Designing Systems for an Uncertain Future
Olivier de Weck
In this talk I will first introduce the notion of Strategic Engineering as an interesting and increasingly important field of study in the context of system design. I will argue that there are two primary dimensions that drive strategic thinking in systems engineering. The first is the temporal dimension which requires that future uncertainties be reflected. Detailed abstract can be found at www.mit.edu/~margret/orcesd.
Tue Jan 24, 12-01:00pm, E40-298
The Weakest Link
Aharon Ben-Tal, Visiting Professor
The proverb says the steel chain is no stronger than its weakest link. How then one finds the weakest link? Suppose we can perform tests on the strength of individual links;
How to design an algorithm that will find the weakest link in the smallest possible number of such tests? We shall present in the talk such an optimal algorithm.
Tue Jan 31, 12-01:00pm, E40-298
Latest update: 10-Jan-2006
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