504-What Every Engineer Should Know about Game Theory
By: Rik van Hemmen, P.E.
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Course Objective
This continuing education course is written specifically for professional engineers with the objective of relating to and enhancing the practice of engineering.
Course Description
Whether engaged in design, construction, maintenance or operations activities, engineers are continually engaged in negotiation and decision making. However, very little formal negotiation and decision making training exists for engineers, despite the fact that in recent decades there have been significant developments in the game theory field. These developments in game theory have resulted in a standardized terminology and provide theoretical and mathematical concepts that, when adopted in the engineering community, could provide significant advantages to the initiated professional. This course provides introductions to game theory concepts that have immediate application to typical activities that engineers are engaged in on a day-to-day basis.
Application of these concepts can result in better and more rapid decision making and assists in the disentanglement of technical and operational problems when they occur. Understanding of these concepts can be as vital as oral and written communication skills for engineers to successfully achieve their technical objectives for the client’s and the public’s best interests.
This course presents these concepts at an introductory level and provides several real world examples. Since the instructors are maritime engineers, many of the examples are maritime, but the lessons apply equally to any engineering specialty. The course also provides a substantial amount of references and a bibliography for further study.
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