Conference Session

Engineering Economy -- Outside the Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

Peter Boerger, Engineering Economic Associates, LLC

Tagged Divisions

Engineering Economy

AC 2008-2866: ENGINEERING ECONOMY FOR ECONOMISTSPeter Boerger, Engineering Economic Associates, LLC Peter Boerger is an independent consultant specializing in solving problems that incorporate both technological and economic aspects. He has worked and published for over 20 years on the interface between engineering, economics and public policy. His education began with an undergraduate degree in Mechanical Engineering from the University of Wisconsin-Madison, adding a Master of Science degree in a program of Technology and Public Policy from Purdue University and a Ph.D. in Engineering Economics from the School of Industrial Engineering at Purdue University. His firm, Engineering

Conference Session

Applications of Engineering Economy

Collection

2008 Annual Conference & Exposition

Authors

Donald Merino, Stevens Institute of Technology; Jakob Carnemark, SKANSKA

Tagged Divisions

Engineering Economy

AC 2008-835: OPTIMIZING DATA CENTER REDUNDANCYDonald Merino, Stevens Institute of Technology Donald N. Merino is a tenured full professor and the Alexander Crombie Humphreys Chaired Professor of Economics of Engineering at Stevens Institute of Technology. He teaches Engineering Economy, Decision Analysis, Total Quality Management, and Strategic Planning. He is Founder Emeritus of the undergraduate Bachelor of Engineering in Engineering Management (BEEM) and the Executive Master in Technology Management (EMTM) Program at Stevens. He won the Morton Distinguished Teaching Award for full professors at Stevens. John Wiley published his book, “The Selection Process for Capital Projects”. Dr

Conference Session

Engineering Economy -- Outside the Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

William Peterson, Arizona State University

Tagged Divisions

Engineering Economy

involved in project analysisand justifications since graduating with a BIE degree in 1970. Since 1993, the author has beenteaching engineering economy on a regular basis in a variety of programs and for a variety ofaudiences at both the undergraduate and graduate level. During this time the author of this paperlist 58 different courses on his cv in programs as diverse as industrial engineering, engineeringmanagement, manufacturing engineering, industrial management, and technology management.During the past thirteen years, the author has regularly attended the annual ASEE conferencesand attended countless sessions. These sessions have been eye-opening and thought provokingand well worth the time to attend. At the same time it has educated this

Conference Session

Engineering Economy -- Outside the Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

Neal Lewis, University of Bridgeport; Ted Eschenbach, TGE Consulting

Tagged Divisions

Engineering Economy

options, mostcame from technology, energy, and utilities. Block also identified four major reasons for notusing real options. 1. Lack of top management support. Managers are not willing to make decisions based on techniques they do not fully understand. 2. Discounted cash flow is a proven method. The heavily favored methods in the literature are discounted cash flow techniques (NPV and IRR). 3. Real options require a high degree of sophistication. Real options tend to be used in industries where upper management tends to have engineering or technology backgrounds. 4. Real options tend to encourage excessive risk-taking. While NPV may underestimate project value, CFOs tend to believe that real options

Conference Session

Applications of Engineering Economy

Collection

2008 Annual Conference & Exposition

Authors

John Robertson, Arizona State University; Michael Kozicki, Arizona State University; Slobodan Petrovic, Arizona State University

Tagged Divisions

Engineering Economy

AC 2008-1514: ASSESSING THE TRUE COST OF DELIVERING NANO-HYPEJohn Robertson, Arizona State University John Robertson is a Professor in the Electronic Systems Department at Arizona State University Polytechnic. He was formerly an executive with Motorola and now participates in many senior technical training programs with the JACMET consortium.Michael Kozicki, Arizona State University Michael Kozicki is a Professor in the Electrical Engineering Department at ASU. His interests center on development of new non-volatile memory structures. He holds a number of key patents in this emerging area of nano-technology and has spun-off two companies.Slobodan Petrovic, Arizona State University

Conference Session

Applications of Engineering Economy

Collection

2008 Annual Conference & Exposition

Authors

Benjamin Kelley, Baylor University; Robert Doty, Baylor University; Bill booth, Baylor University; Cynthia Fry, Baylor University

Tagged Divisions

Engineering Economy

-campus companion course sequencewith similar learning objectives was conceived that can reach a greater numbers of students. Apilot version of the course, Global Business Communication (GBC), was offered for the firsttime during fall 2006. The second course in the sequence, Technology Entrepreneurship, is anew course offered through Baylor’s Business School, in which adequately prepared businessstudents may also enroll.Like the abroad course, the on-campus GBC course must substitute for existing courses in theECS curriculum. Engineering Economic Analysis is one of the possible course substitutions.Baylor engineering seniors perform on the Fundamentals of Engineering exam at a near 100%pass rate. Because of the prominence of engineering economy

Conference Session

Engineering Economy -- The Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

Rajkamal Kesharwani, Virginia Polytechnic Institute and State University; Xiaomeng Chang, Virginia Polytechnic Institute and State University; Janis Terpenny, Virginia Polytechnic Institute and State University; william sullivan, Virginia Polytechnic Institute and State University

Tagged Divisions

Engineering Economy

Engineering Economist.william sullivan, Virginia Polytechnic Institute and State University William G. Sullivan is an emeritus professor of Industrial and Systems Engineering at Virginia Polytechnic Institute and State University. He is a two-time recipient of the Eugene L. Grant Award for the best paper in The Engineering Economist. His research interests include justification of advanced manufacturing technologies, the economic principles of engineering design, and activity-based costing applied to the design process. Dr. Sullivan serves as coeditor of the Robotics and CIM Journal (Elsevier, Ltd.) and is a fellow in the Institute of Industrial Engineers. He obtained his Ph.D. in