Conference Session

New Topics in Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Charles Nippert, Widener University

Tagged Divisions

Engineering Economy

differences between spreadsheet solutions and calculator solutions to engineering economicproblems. Begin by noting that student errors can be grouped into two broad classes.Class 1. Errors that depend on the computational tool the students use. These errors can be further broken down into: 1.1 Mechanical errors that do not reflect errors in understanding but are merely calculation errors or errors related to the usability of the interest tables (e.g. reading the wrong line on an interest table) 1.2 Programming errors including the wrong cell or group of cells in the argument list of a functionClass 2. Major conceptual errors: those mistakes which reflect faulty understanding of

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

response indicates that technology management students see this as an onerous requirement. • Multiple choice question tests. Working professionals appear to dislike testing approaches that reflect simple questions and limit the opportunity to award partial credit. Exhibit 4. Response to Instructional Approaches Response to Instructional Approaches Live audio is essential Live video is essential Closed book Computation and essay both in a test Multiple choice is acceptable Proctored test is essential

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

J. Cunha, University of Alberta

Tagged Divisions

Engineering Economy

inherent to most oil and gas prospects. This project showed the existing probabilistic approaches in reserve determination and the difficulties for implementation of such methods. Main points discussed were uncertainty in capital investment, operating costs and well productivity. Economic Analysis of Athabasca Steam Assisted Gravity Drainage Project; A project closely related to Canadian oil industry that discussed the main risks involved in that production technology. It included a model of the project as well as key technical drivers that directly reflect on project’s profitability. A sensitivity analysis was performed to determine the