Industrial Engineering Track Options

Here's an article from IndustrialInside.com about how to choose your IE specialization.

Please use this form to petition for your chosen track option. Access is limited to ISE Illinois undergrads.

12 hours from a single list must be completed to fulfill the requirement

Economics and Finance

Faculty Mentor: Liming Feng

Need a total of 12 hours*

The Economics and Finance track option focusses on preparing students to think quantitatively about modern finance. Modern markets involve sophisticated financial instruments and are often algorithmically-driven; the curriculum involves a mixture of engineering, economics, finance, and mathematics courses.

The content of the track option touches upon such topics as

  • optimization (large interacting portfolios)
  • risk-reward tradeoff (efficient frontier)
  • mathematical modeling of markets (stochastic differential equations, hazard functions)
  • numerical methods (PDE’s)
  • financial instruments (equities, bonds, futures, forwards, derivatives)
  • quantification of risk (VaR, CVaR)

Students in this track option have interned at

  • Rolls Royce
  • Ford Motor Company
  • State Farm
  • Smalley Steel Ring Company
  • Liberty Mutual Insurance
  • Pearson
  • Crowe Horwath LLP
  • Grant Thorton
  • C&S Wholesale Grocers
  • PricewaterhouseCoopers (PwC)
Course Hours
Track Core—Complete at least 2 of the following 3 courses:
ACE 427 Commodity Price Analysis 3
IE 420 Financial Engineering 3
SE 450 Decision Analysis I 3
Track Electives—Complete 1 or 2 of the following courses:
ACCY 200 Fundamentals of Accounting 3
ACE 410 Energy Economics 3
ACE 427 Commodity Price Analysis 3
ACE 428 Commodity Futures and Options 3
FIN 221 Corporate Finance 3
FIN 300 Financial Markets 3
FIN 411 Investment & Portfolio Mngt 3
FIN 412 Options and Futures Markets 3
FIN 415 Fixed Income Portfolios 3
FIN 461 Financial Intermediation 3
ECON 302 Inter Microeconomic Theory 3
ECON 303 Inter Macroeconomic Theory 3
ECON 420 International Economics 3
ECON 471 Intro to Applied Econometrics  
IE 430 Economic Foundations of Quality Systems 3

Industrial Engineering Fundamentals

Faculty Mentor: Qiong Wang

Need a total of 12 hours

The Industrial Engineering Fundamentals track prepares students for managerial careers in a variety of industries. Students learn theories and techniques of using models, simulations, and data to evaluate performance of supply chain, service, production, and other systems to optimize operational efficiency.

Major subjects of this track are

  • Production and capacity planning
  • Job scheduling and project management
  • Facility layout and site selection
  • Inventory and material flow analysis
  • Statistical methods for quality and process control
  • User-friendly product, process, and system design
  • Demand forecasting and cross-functional coordination
Course Hours
Track Core—Complete the following 4 courses:
IE 330 Industrial Quality Control 3
IE 411 Optimization of Large Systems 3
IE 412 OR Models for Manufacturing Systems 3
IE 340 Human Factors 3

Operations Research

Faculty Mentors: Xin Chen

Need a total of 12 hours

Course Hours
Track Core—Complete:
IE 410 Stochastic Processes & Applications 3
IE 411 Optimization of Large Systems 3
Track Electives—Complete the remainder of the 12 hours from the following:
ECE 490 Introduction to Optimization 3
SE 411 Reliability Engineering 3
IE 411 Optimization of Large Systems 3
IE 420 Financial Engineering 3
MATH 444 Elementary Real Analysis -OR-
  MATH 447 Real Variables
3 or 4
3
MATH 484 Nonlinear Programming 3 or 4
STAT 410/MATH 464 Statistics and Probability II 3
STAT 420/MATH 469 Methods of Applied Statistics 3
STAT 424 Analysis of Variance 3
STAT 425 Applied Regression and Design 3

Quality Engineering

Faculty Mentor: Harrison Kim

Need a total of 12 hours

The Quality Engineering track option focusses on preparing students to think quantitatively about modern principles and practices of quality fundamentals. Modern manufacturing and service/transactional industries pursue highest possible quality level in products and services; the curriculum involves a mixture of engineering design, statistics, and mathematics courses.

The content of the track option touches upon such areas as

  • Design for six sigma
  • Descriptive statistics
  • Process modeling
  • Process control and stability analysis
  • Bases of quality principles
  • Six sigma methods such as Define-Measure-Analyze-Improve-Control (DMAIC) process

Students in this track option have interned at

  • Apple
Course Hours
Track Core—Complete:
IE 330 Industrial Quality Control 3
Track Core—Complete 1 of the following courses:
SE 411 Reliability Engineering 3
IE 431 Design for Six Sigma 3
Track Elective: Complete 2 of the following courses:
STAT 410/MATH 464 3
STAT 420/MATH 469 Methods of Applied Statistics 3
STAT 424 Analysis of Variance 3
STAT 426 Sampling and Categorical Data 3

Supply Chain, Manufacturing, and Logistics

Faculty Mentor: Xin Chen

Need a total of 12 hours

The Supply Chain, Manufacturing, and Logistics track prepares our students with state-of-the-art logistics strategies, models, algorithms and tools for integrating the supply chain in ways that reduce system-wide costs, and improve system-wide service. Students will learn systematic frameworks for analyzing and managing large and complex supply chain networks. (read an explanation of Supply Chain by ISE Professor Xin Chen)

The content of the track option touches upon such topics as

  • Supply chain configuration
  • Production Planning and Control
  • Inventory Management and risk pooling
  • Visibility in supply chains
  • Supply Contracts
  • Information technology and Ecommerce
  • Supply chain integration and Strategic partnerships
  • Dynamic pricing and revenue management

Students in this track option have interned at

  • Rolls Royce
  • Ford Motor Company
  • State Farm
  • Smalley Steel Ring Company
  • Liberty Mutual Insurance
  • Pearson
  • Crowe Horwath LLP
  • Grant Thorton
  • C&S Wholesale Grocers
  • PricewaterhouseCoopers (PwC)
Course Hours
Track Core—Complete:
IE 412 OR Models for Mfg Systems 3
Track Electives—Complete 3 of the following courses:
SE 421/ECE 470/AE 482/CS 443/ME 445 Introduction to Robotics 4
IE 330 Industrial Quality Control 3
ME 451 Computer-Aided Manufacturing Systems 3
ME 452 Numerical Control of Manufacturing Processes 3