Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Karen Bursic, University of Pittsburgh

Tagged Divisions

Engineering Economy

University of Pittsburgh) and at The Pennsylvania State University. Dr. Bursic has done research and published work in the areas Engineering and Project Management and Engineering Education. She is a member of IIE and ASEE and is a registered Professional Engineer in the state of Pennsylvania. Page 11.222.1© American Society for Engineering Education, 2006 Applying Engineering Economic Analysis to Contemporary Problems with Global and Societal ImplicationsAbstractThis paper describes the use of contemporary issues to teach students to solve problems in aglobal and societal context in an introductory

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

J. Cunha, University of Alberta

Tagged Divisions

Engineering Economy

2006-18: DESIGN AND IMPLEMENTATION OF AN ADVANCED RESOURCESECONOMIC AND RISK ANALYSIS COURSEJ. Cunha, University of Alberta J. C. Cunha is an associate professor at the School of Mining and Petroleum, University of Alberta, Canada. His main research and teaching interests are in the areas of well design, horizontal wells, deepwater developments and risk analysis applied to various petroleum engineering processes. Prior to joining UofA, Cunha has worked for 25 years at Petrobras where, as a senior technical advisor, he worked in a number of onshore and offshore projects in Brazil, various South America countries, Gulf of Mexico, Africa and the Caribbean. Originally a civil engineer

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Joseph Hartman, Lehigh University

Tagged Divisions

Engineering Economy

factor inengineering education [2].As advocates of problem-based learning, we teach Engineering Economy in a decision-makingcontext [3] such that students understand the entire process of making a capital investmentdecision from defining the problem; to generating solution alternatives; to estimating before andafter-tax cash flows; to evaluating options under certainty, risk, time, multiple alternatives,constraints, and multi-attributes; to post-implementation and project tracking. Furthermore, weutilize numerous media sources to generate realistic problems such that students appreciate itsapplication [4,5]. The goal upon completion of the course, as stated on the syllabus, is that astudent is able to make, and justify, a capital investment

Conference Session

New Topics in Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Leslie Pagliari, East Carolina University; Gene Dixon, East Carolina University; Paul Kauffmann, East Carolina University; Merwan Mehta, East Carolina University

Tagged Divisions

Engineering Economy

Lessons LearnedAbstractThis paper examines a core course in the Master of Science Technology Systems (MS TS) andMaster of Science Occupational Safety (MS OS) programs at East Carolina University andexamines lessons learned in critical areas. The course, Capital Project and Cost Analysis forTechnology, covers the essentials of engineering economics focused to meet the needs ofworking technology managers. The paper reviews distance graduate student opinion on learningobjectives and course content. It also examines the use of various distance educationmethodologies employed to deliver this course to online students.IntroductionEngineering economics is an essential tool for undergraduate engineering and technologystudents, but is even more essential

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Ahmad Sarfaraz, California State University-Northridge; Tarek Shraibati, California State University-Northridge

Tagged Divisions

Engineering Economy

experienced whenstudents work on their senior design projects. Therefore, this section of the course was selectedto study two strategies; weekly quizzes and group problem-solving activities. By using thesetwo strategies, we expect students to move from memorizing concepts to explaining those sameconcepts, to satisfactorily completing the course, and ultimately to using those concepts in real-life problem solving situations. Furthermore, engineering economic analysis is one of the coreengineering competencies addressed by the “Fundamentals in Engineering” exam. This exam is arequired step in the process of earning the Professional Engineering (PE) license. By using theengagement strategies, we hope to improve student’s ability to develop cash flows

Conference Session

New Topics in Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

John Ristroph, University of Louisiana-Lafayette

Tagged Divisions

Engineering Economy

; Page 11.171.6 ‚ can give the solutions to each student’s problems after the due date; and ‚ automates grading and provides other teacher-oriented aids.This approach is part of a continuing evolution in using CAI for homework purposes. There arenumerous examples, of which two are representative. Sullivan1 et all explored the use of webpages containing learning aids without randomization, and Dahm2 included random elements in asimulation based project for students. The current effort provides unique problems as the norm,thereby effectively offering a new paradigm for engineering homework.In general, a major purpose of engineering homework is to insure that each student knows howto apply basic principles and integrate them in a manner that