Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Heath J. LeBlanc, Ohio Northern University; Bryan O'Neil Boulanger, Ohio Northern University

Tagged Divisions

Engineering Economy

Paper ID #9980A Cross-Discipline, Project-Based Approach to Teaching Engineering Econ-omyDr. Heath J. LeBlanc, Ohio Northern University Heath J. LeBlanc is an Assistant Professor in the Electrical & Computer Engineering and Computer Science Department at Ohio Northern University. He received his MS and PhD degrees in Electrical Engineering from Vanderbilt University in 2010 and 2012, respectively, and graduated summa cum laude with his BS in Electrical Engineering from Louisiana State University in 2007. His teaching interests include control, signals and systems, electric circuits, engineering economy

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Christina Jauregui Barboza, Stevens Institute of Technology (SSE)

Tagged Divisions

Engineering Economy

had this position for a total of 5 years, during which she was awarded the Outstanding Teaching Assistant Award. She has industry experience as a Management Engineer for the Port Authority of New York and New Jersey. Her research interests lie in Engineering Management, with a focus on engineering economics and sustainable engineering. Page 24.262.1 c American Society for Engineering Education, 2014 Case Study Application of After Tax Analysis to a Renewable Energy Project Increases in population and technology will require an increase

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Gene Dixon, East Carolina University; Joseph Wilck IV, East Carolina University

Tagged Divisions

Engineering Economy

Paper ID #8760Integrating Economic Analysis into Capstone DesignDr. Gene Dixon, East Carolina University Gene Dixon is an Associate Professor at East Carolina where he teaches aspiring engineers at the under- graduate level. Previously he has held positions of responsibility in industry with Union Carbide, Chicago Bridge & Iron, E.I. DuPont & deNemours, Westinghouse Electric, CBS, Viacom and Washington Group. Positions include project engineer, program assessor, senior shift manager, TQM coach, and production reactor outage planner. He received a Ph.D. in Industrial and Systems Engineering and Engineering Man

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Weihang Zhu, Lamar University; Alberto Marquez P.E., Lamar University; Julia H. Yoo, Lamar University

Tagged Divisions

Engineering Economy

devices. 116 students participated in this study. Surveys and interviewresults showed that the majority of the students who used the app said that the app aided theirlearning. 94% of the users said that they would recommend using the app to others who studyEngineering Economics.* Acknowledgment: This project is partially supported by a grant from the National ScienceFoundation DUE-1140457 to Lamar University. Page 24.3.2 1. Introduction Engineering Economics is a core class in the field of engineering and is also covered on theFundamentals of Engineering (FE) exam, which is the first step to be a Professional Engineer(PE). This course teaches

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Joseph Wilck IV, East Carolina University; Paul C. Lynch, The Pennsylvania State University, University Park, PA; Paul J. Kauffmann P.E., East Carolina University

Tagged Divisions

Engineering Economy

generally draw from a contemporary perspective rather than a historical perspectivebut touch on topics such as inflation in terms of consumer price indices, product price indices,and the federal minimum wage, which have historical significance.The course covers a wide set of Social Sciences applications: Benefit/Cost ratios, Public PolicyProjects, Taxes, Inflation, Bonds, Credit Reports, Investment Pyramid (Return versus Risk), andRanking Methods. Each of these topics cover issues associated with making a decision. Forexample, within many public policy projects there are difficulties in quantifying the benefits andcosts (which can be more subjective than quantitative), they often have long life horizons (e.g.,parks, bridges, roads) which make it

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Gillian M. Nicholls, University of Alabama, Huntsville; Neal A Lewis, University of Bridgeport; Ted Eschenbach P.E., University of Alaska Anchorage

Tagged Divisions

Engineering Economy

” that the crowd goes wild as the victor celebrates thewin while the loser’s corpse is dragged out of the ring. [Students’ eyes snap wide open as theylisten to the play-by-play, getting the idea, and yet perhaps wondering if their instructor is feelingalright.] The next most expensive alternative is sent into the ring, and combat continues until thelast project alternative standing alive is the overall choice. The students laugh, but theyremember the analogy and have better recall of the technique on exams.To illustrate the effects of this technique, results from two similar sections have been compared.The scores for each student in answering an incremental rate of return exam problem wererecorded for both sections. The Spring 2011 section was