|October 16, 2019 | Theme: Utilitarian Engineering |
Lecturer
Distinguished Professor David Watkins
Topic
Utilitarian Engineering: Promoting Equity and Sustainability Under Resource Constraints
Research Statement
Research shows that happiness and life satisfaction scale with the logarithm of income. This supports the use of utility functions (and their derivative, demand curves) in engineering models for managing resources and planning infrastructure investments. Examples of resource management models that ultimately seek to maximize societal utility--both for current and future generations--will be presented, along with some limitations and research directions. The talk will begin with a disclaimer that, despite having a Ph.D., the speaker has no formal training in philosophy.