Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

J. Cunha, University of Alberta

Tagged Divisions

Engineering Economy

AC 2007-2391: A CASE STUDY ON THE USE OF SEMINARS IN ENGINEERINGCOURSES - A COMPARISON BETWEEN A GRADUATE AND ANUNDERGRADUATE COURSEJ. Cunha, University of Alberta Page 12.11.1© American Society for Engineering Education, 2007 A Case Study on the Use of Seminars in Engineering Courses A Comparison Between a Graduate and an Undergraduate CourseAbstractThis paper presents comparison of results obtained in two distinct courses, one graduate andone undergraduate, where engineering economy was one of the main components of thecourse.The graduate course is the advanced version of the undergraduate course. In both it was usedthe same methodology of assigning projects that

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Phil Rosenkrantz, California State Polytechnic University-Pomona

Tagged Divisions

Engineering Economy

Making). For the 2002-2003 academic year the author was involved with acampus research program call the "Collaborative On-line Learning and Teaching" (COLT)Program. Twelve faculty members who submitted acceptable proposals were part of a campusresearch project to work collaboratively and explore how on-line teaching and learning could beused and whether there could be measurable benefit to the campus community. Results weredocumented and presented to the campus community and to ASEE in 2003. Since 2003 thecourse has been taught several times each year with efforts to incorporate student Page 12.1356.2recommendations and improve course management

Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

Donald Remer, Harvey Mudd College; Karen Ahle, Raytheon; Kevin Alley, Southwest Research Institute; John Silny, Raytheon; Karen Hsin, Accenture; Elijah Kwitman, Harvey Mudd College; Allison Hutchings, Harvey Mudd College

Tagged Divisions

Engineering Economy

AC 2007-513: COST ESTIMATING CERTIFICATES OFFERED BYPROFESSIONAL SOCIETIES IN THE UNITED STATES AND ABROADDonald Remer, Harvey Mudd College Donald S. Remer is the Oliver C. Field Professor of Engineering at Harvey Mudd College. He received his BSE at the Univ. of Michigan and his MS and PhD at Caltech. He is a registered professional Engineer in several states. He has presented short courses to thousands of engineers and managers in industry and government in the areas of Project and Engineering Management, Cost Estimation and Economic Evaluation of Projects, and Managing and Estimating Software Projects. He received the Centennial Award from ASEE.Karen Ahle, Raytheon Karen M. Ahle graduated

Conference Session

The Evolution of Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Joseph Hartman, Lehigh University; David Enke, University of Missouri

Tagged Divisions

Engineering Economy

; and Missouri-Rolla, which has a certificate program.Northwestern University no longer offers a course in “engineering economy”. Rather, they offera course in “Economics and Finance for Engineers” which is described as “Principles ofcorporate finance; financial decisions of firms; value; risk and return; investment and capitalbudgeting decisions under certainty and uncertainty; performance evaluation.”2 Clearly, this is amix of topics that would be found in corporate finance and traditional engineering economycourses. However, not all of these topics would be covered in a typical engineering economycourse. While engineering economy has at times focused more on project evaluation througheconomic analysis, considering the effects of depreciation

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Sarah Ryan, Iowa State University; John Jackman, Iowa State University; Rahul Marathe, Iowa State University; Pavlo Antonenko, Iowa State University; Piyamart Kumsaikaew, Iowa State University; Dale Niederhauser, Iowa State University; Craig Ogilvie, Iowa State University

Tagged Divisions

Engineering Economy

AC 2007-1929: STUDENT SELECTION OF INFORMATION RELEVANT TOSOLVING ILL-STRUCTURED ENGINEERING ECONOMIC DECISIONPROBLEMSSarah Ryan, Iowa State University Sarah Ryan is an Associate Professor of Industrial and Manufacturing Systems Engineering at Iowa State University. She received an NSF CAREER award with its educational component to promote active learning and was part of the team that developed the PSLP under a National Science Foundation grant, pioneering its use in engineering economic analysis.John Jackman, Iowa State University John Jackman is an Associate Professor of Industrial and Manufacturing Systems Engineering at Iowa State University. He brings to this project expertise in the

Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

Jeannette Russ, Union University; Doanh Van, Union University

Tagged Divisions

Engineering Economy

aspects of a project. • Occasionally, the content of the article is restricted to a certain area related to some aspect of class, most commonly the class project. It is helpful for students to see how much diversity exists even within a restricted content area, and it is easier for the professor to manage the discussion in a way that promotes understanding of specific course material or assignments. However, student enthusiasm noticeably diminishes as content restrictions increase. • Occasionally, students are instructed to find an article in a technical journal (in print) rather than on the internet. Along with many other institutions,3,4 we have found that students automatically go to the internet

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

John Ristroph, University of Louisiana-Lafayette

Tagged Divisions

Engineering Economy

allow users to do everythingbut select insert columns, so students cannot move the check cell away from the answer cell andreplace it with one of their choosing. Making the checked cell both locked and hidden preventsits formula from being seen. If students are permitted to look at the formula to determine the an-swer, then do not make the check cell hidden.Professors can make cheating even more difficult by using random number generators to provideproblems for each student that have the same logical structure, but different parameters. For ex-ample, one student’s problem might have an initial investment of $100,000, whereas another stu-dent’s might have a cost of $103,000 and a slightly different project life. Students still can mimicthe logic

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Kailash Bafna, Western Michigan University; Betsy Aller, Western Michigan University

Tagged Divisions

Engineering Economy

document camera, the ability to easily plug in a laptop computer, and an audiosystem, all connected to a projection system mounted on the ceiling. The instructor can selectand use any delivery device with the capability of easily switching back and forth between them.Besides a wireless environment, each seat in the classroom also has the ability to connect alaptop computer to the university computing system using a cat-5 cable. The University has alsomade WebCT-Vista available to all instructors.The engineering faculty has gradually started incorporating various forms of technology in theirclassroom instruction. The primary author has further incorporated several new innovations intothe teaching of engineering economy, a course required in many