Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Kate D. Abel, Stevens Institute of Technology (School of Engineering and Science)

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy Division (EED)

. Thiscommittee was formed in the spring of 2022. A few virtual meetings occurred in the spring of2022 during which time the members were advised and discussed the upcoming overarching tasksand goals.Over the summer of 2022, each committee member was individually tasked with providing a 1-2page write up of what topics they felt should be covered in the new course and the justification foreach topic, keeping in mind the new constraints of time per week and credit hours. Each committeemember did this individually without contribution from other members in order to not bias anyone.Prior to the fall semester, the committee chair combined the contributions of each committeemember into one document. Although no comments were disregarded in the initial

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Robert P. Leland, Oral Roberts University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy Division (EED)

demonstrated as a way to combat poverty and elevate the status of women byMuhammed Yunus and the Grameen Bank. Yunus was awarded the Nobel Prize for his efforts.Since then a large number of microfinance organizations have arisen. More recently, internetbased microfinance has broadened the participation of both borrowers, who may live in remoteareas, and lenders, who may now be private individuals, investing through organizations such asKiva or Zidisha.History of MicrofinanceMicrofinance was practiced as early as 1720 as a means to alleviate poverty in Ireland, includingbefore and after the famine [1]. Microfinance proliferated after the success of the Grameen Bankin Bangladesh. Started as a project in 1976 by Yunus, the Grameen bank has grown to

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Daniel B. Oerther, Missouri University of Science and Technology

Tagged Divisions

Engineering Economy Division (EED)

EnvironmentalEngineering to lead the corporate role of Chief Sustainability Officer). The lessons learnedthrough this study included: 1) integrating economics into the environmental engineeringclassroom provides an authentic context to understand the importance of adopting a systems-level view of the trade-offs inherent as part of the triple bottom line; 2) future work shouldexplore replication of the results in courses offered by other faculty and at other institutions aswell as more broadly disseminated results to encourage the adoption of similar approaches inother courses within environmental engineering curricula.IntroductionIn 2015, the United Nations adopted, “Transforming our World: The 2030 Agenda forSustainable Development,” also known as the UN

Conference Session

Engineering Economy Division (EED) Technical Session 1

Collection

2023 ASEE Annual Conference & Exposition

Authors

Huseyin Sarper, Old Dominion University; Nebojsa I Jaksic P.E., Colorado State University - Pueblo

Tagged Divisions

Engineering Economy Division (EED)

) is an important concept for engineers. At the Old DominionUniversity, many engineering majors do not learn the TVM unless they choose to do anengineering management minor. This project-based investment exercise can be easilypedagogically justified by essential body of knowledge in favor of experiential learning [1] - [3],implementations of Kolb’s experiential learning cycle (KLC) [4] - [6], and project-based learning(PBL), the pedagogy implemented frequently in early engineering education [7] - [9]. Furthermore,the importance of TVM is emphasized in many Engineering Economy textbooks [10], [11] andengineering education articles [12], [13].Investment Project Description with Samples of Student WorkFigure 1 shows the description of the project

Conference Session

Engineering Economy Division (EED) Technical Session

Collection

2023 ASEE Annual Conference & Exposition

Authors

Neal A. Lewis, University of Nebraska - Lincoln; Ted Eschenbach, TGE Consulting

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy Division (EED)

soon after entering theworkplace, if they haven’t already. Students need to understand how they compare to the“average” that is used to determine costs and benefits. Very often these averages are the basis forpublished advice on what choices should be made and for marketing materials for products andservices.IntroductionEngineering economy is often the only engineering course dealing with money. Nearly every textand course include some level of personal finance, as well they should. Class testing of materialhas demonstrated that students have a keen interest in personal finance examples because theycan identify with the topics [1]. Those topics include loans, investing for retirement, insurance,social security, stocks and bonds, and

Conference Session

Engineering Economy Division (EED) Technical Session

Collection

2023 ASEE Annual Conference & Exposition

Authors

Neal A Lewis, University of Nebraska - Lincoln; Jena Shafai Asgarpoor, University of Nebraska - Lincoln; Ipek Bozkurt

Tagged Divisions

Engineering Economy Division (EED)

-2000 CIP code, which is still available for use by NCES and not assigned to any other discipline.This paper reports the results of activities targeted at learning more about the role that theIntegrated Postsecondary Education Data System (IPEDS) keyholders and Technical ReviewPanels (TRP) play in the CIP code system, and begins laying out a strategy for influencing areclassification.IntroductionCIP stands for Classification of Instructional Programs, a coding system managed by the U.S.Department of Education [1]. NCES, the National Center for Education Statistics, is the agencythat collects and manages the data [2]. CIP codes are used to classify educational programs for awide variety of purposes, including which areas of study are considered

Conference Session

Engineering Economy Division (EED) Technical Session

Collection

2023 ASEE Annual Conference & Exposition

Authors

Ming Li, Beijing Foreign Studies University; Min Zhao, Graduate School of Education, Beijing Foreign Studies University

Tagged Divisions

Engineering Economy Division (EED)

themselves to shaping the evaluationculture based on the participation of multiple stakeholders and forming a joint forcefor quality assurance in engineering education, which provides importantenlightenment for the quality assurance in engineering education in other countries.1. IntroductionAs a type of talents cultivation, engineering education belongs to professionaleducation, yet bears the general characteristics of higher education. However, thestakeholders involved in talents cultivation must be complex as the talents it cultivatesare special. With the in-depth evolution of ABET, the stakeholders of the qualityassurance in engineering education have increasingly become diversified. Whichpower subjects do the stakeholders represent? Which

Conference Session

Engineering Economy Division (EED) Technical Session

Collection

2023 ASEE Annual Conference & Exposition

Authors

Robert A. Baffour, University of Georgia; Nathaniel Hunsu, University of Georgia; Eliza A Banu, University of Georgia; Adel W. Al Weshah, University of Georgia; Barbara Norton McCord P.E., University of Georgia; Marguerite Carol Brickman, University of Georgia

Tagged Divisions

Engineering Economy Division (EED)

results of students’ self-assessment in an engineering economics class. It should benoted here that self-assessment is a general tool that can be implemented in any course.Self-assessment, as in letting students assess their own work, is one of the most interestingassessment topics in literature both in secondary and in higher education. The complexity of thetopics ranging from what constitutes self-assessment, why do self-assessment and how to useself-assessment results are some of the reasons why this topic is interesting and getting attentionin the literature. The interest in self-assessment is due to many reasons. Boud [1], Dochy,Segers and Sluijsmans [2], and Sluijsmans, Moerkerke and Dochy [3] suggested that the reasonfor this greater