San Antonio, Texas
June 10, 2012
June 10, 2012
June 13, 2012
2153-5965
Engineering Management, Systems Engineering, Engineering Economy, and Industrial Engineering
6
25.1094.1 - 25.1094.6
10.18260/1-2--21851
https://peer.asee.org/21851
359
John Ristroph is an Emeritus Professor at the University of Louisiana, Lafayette. This summer will mark his 42nd year of teaching engineering economics. He maintains his passion for the subject and is actively developing a novel computer-aided instructional system to enhance the self-learning that should be part of an engineering student's homework experience.
Quo Vadis, Engineering EconomicsThis paper examines major challenges facing teachers of engineering economics in the comingyears. One prominent challenge is that many colleges are under pressure to reduce the number ofhours required for graduation, and a natural inclination is for professors to de-emphasize coursessuch as engineering economics that are not offered within their major. Another challenge isadapting to technological change and fully utilizing computer-aided-instruction, computationalsoftware, and Web-based technologies to more fully develop student's skills withoutcompromising their understanding of basic concepts, development of analytical procedures andfocus on design, or ability to continue life-long learning.Some alternative strategies for dealing with these challenges are considered, such as to establishlinkages with industrial groups who need designs to be economically driven or to systematicallyidentify and review existing software and Web technologies for possible incorporation into theteaching process. The purpose of the paper is to initiate a dialogue to identify other majorchallenges and strategies that members of the Engineering Economics Division might wish toconsider in strategic planning for the division or for their own individual programs for researchand development.
Ristroph, J. H. (2012, June), Quo Vadis, Engineering Economics Paper presented at 2012 ASEE Annual Conference & Exposition, San Antonio, Texas. 10.18260/1-2--21851
ASEE holds the copyright on this document. It may be read by the public free of charge. Authors may archive their work on personal websites or in institutional repositories with the following citation: © 2012 American Society for Engineering Education. Other scholars may excerpt or quote from these materials with the same citation. When excerpting or quoting from Conference Proceedings, authors should, in addition to noting the ASEE copyright, list all the original authors and their institutions and name the host city of the conference. - Last updated April 1, 2015