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Midterm Cutie
Midterm Cutie
Midterm Cutie
4 Requirements for the Engineer Manager’s Job The engineer is assigned to manage groups if people performing
specific tasks.
In this step, the decision maker evaluates each alternative. something that stands in the way of accomplishing a desired
A decision can be rendered based on available information. objective
The engineer is directly in charge of production personnel Specialized form of management that is concerned with the
or assumes responsibility for the product. application of engineering principles to business practice.
This technique is used in decisions involving the allocation This involves selecting the best strategy, taking into consideration
of resource or limited resources to reach a particular one’s actions and action of one’s competitors. Thus, it is a “conflict
objective such as, least cost, highest margin and so on. of interest” situation where one individual tries to win. McDonald
When these resources have several alternative uses. This contends that the strategic situation is the theory which lies in the
methods is used for solving simple, complex and routine instruction between two or more individuals, each of whose actions
problems. In order to is based on an expectation concerning the actions of others over
apply this method, the situation must involve two or more whom he has no control. When one individual wins, the other
activities competing for limited resources and all losses. Minimizing the maximum loss and maximizing the
relationships in the situation must be linear. minimum gain are two concepts used in the game theory.
Moderate degree of engineering jobs such as transportation This is the point of ultimate decision making, although decisions
companies. The engineer in this level may be assigned to must also be made in the other steps of planning—in selecting
head the engineering division and will feel the need for goals, in choosing critical premises, and even in selecting
management skills. alternatives
complete specific tasks as directed by the tactical-level A plan cannot be said to exist unless a decision–a commitment of
managers resources, direction, or reputation–has been mad
This tool is used in decision making to figure out how much factual information may exist, but it may be incomplete. To improve
more output will result if one or more variable (worker) is decision making, one may estimate the objective probability of an
added. Samuelson defines a marginal product as the extra outcome by using, for example, mathematical models. On the other
product or output added by one extra unit of that factor. hand, subjective probability, based on judgment and experience,
While other factors are being held constant. This technique may be used.
is particularly useful for evaluating alternatives in the
decision making process.
The engineer works as consultant of any individual or A set of activities directed at an organization’s resources with the
organization requiring his services. aim of achieving organizational goals in an efficient and effective
manner.
The principle of the limiting factor states that, by determine long-term strategies and se corporate objectives and
recognizing and overcoming those factors that stand policy consistent with these objectives
critically in the way of a goal, the best alternative course of
action can be selected
This is another tool which enable a manager to see the effects of
alternatives available based on price, fixed cost, and variable cost
per unit. With this tool it is possible to determine what will be the
break-even point for a company as a whole or any of its product. At
break-even point, total revenue equals total cost and there is no
profit.
Can be determined by non-quantitative means, such as The engineer is engaged in the process of learning about nature and
intuition, facts, experiences and opinions codifying this knowledge into usable theories.
The engineer is either directly in charge of the construction The Possibility of becoming a successful manager can only be
personnel or may have responsibility for the quality of the achieves if those with the ability and motivation are given the
construction process. opportunity to manage.
It is defined as the selection of a course of action from among
alternatives; it is at the core of planning
The fusion of business and engineering principles. The engineer works in a unit where new products or parts are
tested for work ability.
The profession in which a knowledge of the mathematical High degree of engineering jobs such as construction firms. provide
and natural science gained by study, experience, and the biggest opportunity for an engineer to become the president or
practice is applied with judgement to develop ways to general manager. The engineer manager needs adequate
utilize, economically, the materials and forces of nature for management skills in order to function effectively in level three
the benefit of mankind. firms.