Peter L. Jackson
School of Operations Research and Industrial Engineering
Cornell University
Sponsored in part by the National Science Foundation Synthesis Coalition for Engineering Education.
Cordial Road Problem Statement
Cordial Road Landfill is a case study in the economic analysis of an landfill investment decision. The name of the company has been disguised.
Cash Flow Analysis
Risk Analysis
Conditional Probability Trees
Expected Net Present Value
Multi-Attribute Decision Making
Environmental Concerns
Net present value analysis
Exercise can be conducted in a 2 hour microcomputer laboratory session. Typically, two students per microcomputer team.
Teaching assistants usually explain conditional probability trees as part of laboratory exercise.
Microsoft Windows 3.1
Toolbook Runtime v.1.5
Public domain. Modify as you wish.
Student reviews have been mixed. Some students found the exercise to be too simple-minded.