Conference Session

Teaching and Assessment Methodologies

Collection

2014 ASEE Annual Conference & Exposition

Authors

Chris Plouff, Grand Valley State University; Christopher P. Pung P.E., Grand Valley State University; Hugh Jack, Grand Valley State University

Tagged Divisions

Manufacturing

through ABET requires regular, on-going input from stakeholders in order todemonstrate continuous improvement and relevance of the curriculum. The accreditation criteria Page 24.1350.2themselves are the subject of continuous review and refinement by the professional bodies(ABET and the SME). The criteria are a combination of several factors8 including statementsspecific to the discipline, and general criteria common to all engineering disciplines9, 10 (listed onthe left side of Table 1). Programs are also encouraged to extend these criteria to suit theirparticular niche and stakeholders. [university] specifically assesses both the manufacturing

Conference Session

Manufacturing Materials and Processes

Collection

2014 ASEE Annual Conference & Exposition

Authors

Arif Sirinterlikci, Robert Morris University; Selin Frances Sirinterlikci, Carnegie Mellon University

Tagged Divisions

Manufacturing

printers are collections of steel rodsand studs connected by FFF bracket designs shown in Figure 2. Mendel Max 1.5 uses atriangular prismatic shape as seen Figure 1 and 3. Stepper motors are used in driving all threeaxes of the printer. While X and Y axis are driven through a timing belt, Z axis is moved by twolead-screws. Just like other newer printers Mendel Max 1.5 utilizes a stepper motor for theextrusion - driving the filament, which is trapped between a splined or knurled shaft and a ballbearing1,2. Gearing is also added to help aid the extrusion process. Figure 1. Mendel Max 1.53Mendel’s controls are handled by Arduino-based Sanguino controller and the extrusion ishandled by a separate Arduino chip

Conference Session

Manufacturing Materials and Processes

Collection

2014 ASEE Annual Conference & Exposition

Authors

Edward E. Osakue, Texas Southern University; Derrick Smith, Texas Southern University

Tagged Divisions

Manufacturing

wastecontribute to higher production cost. So is low capacity utilization and shift-to-shift outputvariation [1]. When product line change-over times are too long, the result is low utilization andproductivity. The search for ways for reducing production costs through improved effectivenessand efficiency is never ending. Companies have tried improvements through different initiativessuch as Lean, Lean 5S, Six Sigma, Lean Six Sigma, Total Productive Maintenance, bettertechnologies, layoffs, etc. so as to remain profitable. 5S is a methodology based on 5 simpleconcepts aimed at achieving a clean, organized, and comfortable work environment. It isgenerally believed that 5S initiative is a foundation for more disciplined actions [2] and whenproperly

Conference Session

Program and Curriculum Design Initiatives

Collection

2014 ASEE Annual Conference & Exposition

Authors

Hong Sheng, Missouri University of Science and Technology ; Robert G. Landers, Missouri University of Science & Technology; Fang Liu; Thanh Nguyen, Missouri University of Science & Technology

Tagged Divisions

Manufacturing

2013, REU students’ majors shifted greatly towardsmechanical engineering backgrounds majors; especially in 2013, where over 70% of the studentswere mechanical engineers. Page 24.63.7 Figure 1: Gender Breakdown: (Across all years) From 2011 to 2013 in Figure 1, thirty-one students have participated in the REUprogram at Missouri S&T. For each of the three years, about half of the students were male andthe other half were female. 2013 marked a marginal increase of one student between the threeyears; additionally, exceeding 2012’s higher margin of male compared to female. Overall,Missouri S&T has remained

Conference Session

Teaching and Assessment Methodologies

Collection

2014 ASEE Annual Conference & Exposition

Authors

Juan Song, Alamo College

Tagged Divisions

Manufacturing

-in-progress program will ensure asustainable supply of skilled workers to maintain a globally competitive workforce in the U. S.manufacturing industry.MotivationSkilled labor is at crisis-level shortages both at home and abroad, with over 10 million skilledlabor jobs remaining vacant worldwide [1], and up to 600,000 positions in Americanmanufacturing companies [2]. That shortage is unlikely to abate in the near term. A global studyby McKinsey & Company predicts a need for 95 million skilled workers by 2020, whilesimultaneously anticipating a surplus of low-skill workers that reaches the same heady number.Currently, studies show that with 67% of manufacturers reporting a moderate to severe shortage

Conference Session

Program and Curriculum Design Initiatives

Collection

2014 ASEE Annual Conference & Exposition

Authors

Marilyn Barger P.E., FLATE (Florida Advanced Technological Education Center of Excellence); Richard Gilbert, University of South Florida; Marie A. Boyette, FLATE; Deshjuana Bagley

Tagged Divisions

Manufacturing

 identify  regional  team  leaders.      Manufacturing  Day  in  Florida’s  Impact    FLATE  collected  and  posted  all  the  tour  participants  (schools  and  companies)  on  a  MFG  DAY  in  Florida  2013  webpage,  http://madeinflorida.org/manufacturing-­‐day/.    Photos,  all  of  which  are  posted  on  the  page  above,  were  submitted  beginning  early  in  the  afternoon  of  Oct  4.    Table  1  captures  Manufacturing  Day  in  Florida  2013  in  numbers.    The  summary  of  the  student  responses  to  a  short  survey  after  the  tours  is  aggregated  in  Table  2.  Student  responses  were  given  on  a  Likert  type  scale  of  1  to  4  (1=strongly  disagree,  2=  disagree,  3=agree,  and  4=strongly  agree).        Table 1

Conference Session

Use of Technology for Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Richard Chiou, Drexel University ; Michael G Mauk P.E., Drexel University; Tzu-Liang Bill Tseng, University of Texas, El Paso; M. Eric Carr, Drexel University; Aurel Mathews

Tagged Divisions

Manufacturing

desktop, arerelatively inexpensive to implement and maintain, are comparatively safe to operate, and generate littlein the way of waste materials or other environmental hazards. Such approaches to engineeringeducational laboratories follow trends in chemistry education employing microscale laboratories inplace of the traditional wet chemistry (e.g., flasks and beakers) experiments. Moreover, the student isfully engaged in all aspects of the experiments (design, fabrication, instrumentation, operation, dataacquisition and analysis)1-4. Page 24.403.2Thermal (infrared) imaging and machine vision are increasingly important and versatile

Conference Session

Leadership, Entrepreneurship and Ethics Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Ronald W. Welch, The Citadel; Keith Plemmons PE, PMP, The Citadel

Tagged Divisions

Manufacturing

Paper ID #9304Development of Graduate Leadership and Management Programs for Work-ing ProfessionalsDr. Ronald W. Welch, The Citadel Ron Welch (P.E.) received his B.S. degree in Engineering Mechanics from the United States Military Academy in 1982. He received his M.S. and Ph.D. degrees in Civil Engineering from the University of Illinois, Champaign-Urbana in 1990 and 1999, respectively. He became the Dean of Engineering at The Citadel on 1 July 2011. Prior to his current position, he was the Department Head of Civil Engineering at The University of Texas at Tyler from Jan 2007 to June 2011 as well as served in the Corps of

Conference Session

Manufacturing Materials and Processes

Collection

2014 ASEE Annual Conference & Exposition

Authors

Shekar Viswanathan, National University; Gary Bright Ph.D., National University

Tagged Divisions

Manufacturing

capstone projectsrequire two courses done over a three month period. Since these constraints require projects to becompleted within a time intensive setting, preparation and execution have to be flawless to meetthe learning outcomes previously established. There is little room for error or slack. This paperpresents a process to complete an effective capstone project. In addition, this project provides ado’s and don’ts list.Capstone Project The Integrated Project Course is the capstone course of National University’s curriculum.It is the last two classes taken by the students before graduation. The two classes run for threeinstructional months. The initial class (1 month) focuses on establishing an approved projectproposal. Although the

Conference Session

Leadership, Entrepreneurship and Ethics Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Sangarappillai Sivaloganathan, United Arab Emirates University; Rajesh Ganithi, UAE University

Tagged Divisions

Manufacturing

hands of the instructor to deviseexperiments and projects (instructional activities and materials) to achieve the course outcomes.Whetton [1] stated that most important professing of a professor involves his thoughtful choiceof reading materials, assignments, activities and most of all learning objectives. This ispronounced even more in this course because the instructor has to choose few experiments and aproject from a wide variety of mechanical engineering applications. The objectives, instructionalactivities and material and the assessments he develops have to be in alignment. Students at theUnited Arab Emirates University normally complete their Bachelor’s Degree in MechanicalEngineering in ten semesters. They take the Design and

Conference Session

Green and Sustainable Manufacturing Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Vukica M. Jovanovic, Old Dominion University; Manveer Mann; Petros J Katsioloudis, Old Dominion University; Daniel L. Dickerson, Old Dominion University

Tagged Divisions

Manufacturing

engineering and fashion curriculum might add a new perspective into fastfashion knowledge to both of these two diverse students groups. One of the applications ofreverse engineering in clothing industry are 3D body scanners. In Figure 1, four kinds ofmeasurements are shown which reveal much about body shape and clothing fit: volumes, surface Page 24.479.4areas, linear measures (circumferences), and slice areas (cross sections)14. The solution used fordeveloping a sizing system for clothing industry with a body scan technology was based on asoftware which was originally developed for the automotive industry, where 3D scanning isextensively used in

Conference Session

Use of Technology for Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Priya Manohar, Robert Morris University; Sushil Acharya, Robert Morris University; Peter Y Wu, Robert Morris University

Tagged Divisions

Manufacturing

and property maximization.It is proposed that incorporation of such computer simulation tools in the pedagogy would behighly effective to enhancing and enriching undergraduate manufacturing education.1. IntroductionManufacturing and mechanical engineering curricula typically include one or more courseswhere the students are introduced to industrially significant, primary manufacturing process suchas casting, rolling, forging, forming, and welding. Such processes are best taught in a hands-onmanner using lab scale equipment or via industrial visits. While such lab activities are importantfor student’s understanding of the subject matter they are both expensive and cumbersome. Inorder that the students achieve the most benefits from hands-on

Conference Session

Program and Curriculum Design Initiatives

Collection

2014 ASEE Annual Conference & Exposition

Authors

Jaby Mohammed, The Petroleum Institute

Tagged Divisions

Manufacturing

pective of their majors. The T core cou urses are offeered throughh the Arts annd ScienceProgrram and som me elective courses requiired for the eengineering pprograms arre alsooffereed through Arts A and Scieence. Figurre 1. The Pettroleum Instiitute Academ mic Departm ment StructurreThe six s departmeents within th he Arts and Science department incllude Mathem matics,Physiics, Chemisttry, Humanitties and Sociial Sciences,, Communiccation, and G GeneralStudiies (See Figu ure 1). Studeents must tak ke these requuired

Conference Session

Green and Sustainable Manufacturing Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Tzu-Liang Bill Tseng, University of Texas, El Paso; Richard Chiou, Drexel University (Eng. & Eng. Tech.); Paras Mandal, University of Texas, El Paso; Eric D Smith, University of Texas, El Paso; Radian G Belu, Drexel University (Tech.); Oscar H. Salcedo, University of Texas, El Paso

Tagged Divisions

Manufacturing

as these environmental objectives are, clean energyinnovation is also an economic imperative. Investments in the global clean energy industry areexpected to grow from $200 billion in 2010 to approximately $600 billion by 2020. Governmentpolicy and public investment will be the critical determinants for the countries to lead in the racein order to attract the CEST investment, and the economic and job creation benefits theseinvestments will bring1-6.The reformation needs of engineering education are driven by dramatic changes in the renewableenergy practices of U.S. companies in recent years. Briefly, these changes can be summarized asfollows: (1) Complexity – Green energy has become an extremely distributed activity; (2)Globalization – Most

Conference Session

Use of Technology for Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Sheng-Jen Hsieh, Texas A&M University

Tagged Divisions

Manufacturing

collaborative learning,also known as computer-supported collaborative learning (CSCL) or computer-supportedcollaborative work (CSCW).1-7 Much of this work relates to the use of online classroom toolssuch as Blackboard Vista4 or applications such as chatrooms.5 Research in this area has focusednot only on instructional effectiveness, but also on personal, social, implementation, andtechnical issues. However there has been relatively little research on collaborative system designin the area of manufacturing.To appropriately leverage collaborative technologies for manufacturing system design education,a better understanding of how users work within virtual environments is needed. This paperdescribes a study to investigate how engineers with varying levels

Conference Session

Use of Technology for Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Derrick Robinson, Virginia State University; Pallant Ramsundar, Virginia State University; Chandan B Samantaray, Virginia State University

Tagged Divisions

Manufacturing

of Images using MATLAB Derrick Robinson1, and P. Ramsundar2, 4 , C. B. Samantaray3, 4 * 1 Department of Computer Engineering, Virginia State University, Petersburg, VA 2 Departments of Mathematics & Computer Science, Virginia State University, Petersburg, VA 3 Department of Chemistry & Physics, Virginia State University, Petersburg, VA 4 Commonwealth Center for Advanced Manufacturing (CCAM), Disputanta, VA Page 24.185.2* Corresponding email: csamantaray@vsu.eduAnalyzing Porosity in Thermal Barrier Coatings: Edge Detection of

Conference Session

Use of Technology for Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Zhenhua Wu, Virginia State University; Nasser Ghariban, Virginia State University

Tagged Divisions

Manufacturing

analysis including analysis ofvariance (ANOVA), main effect, interactive effect and regression analysis. Section 5 concludes the research andoutlines the future direction.2. Literature reviewThe experimental study of temperature rise during machining goes back to around 1900 by F.W. Taylor [1], whodiscovered the relationship between cutting speed and tool life. Since then researchers worked both on analyticaland experimental methods to evaluate temperature rising. Trigger and Chao [2] were the pioneers of usinganalytical methods to predict temperature by taking to account the plastic deformation energy and frictionbetween tool and chips. With the advances in numerical analysis, researchers used finite difference methods(Usui et al. [3] and finite

Conference Session

Green and Sustainable Manufacturing Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Radian G Belu, Drexel University (Tech.); Richard Chiou, Drexel University (Eng. & Eng. Tech.); Tzu-Liang Bill Tseng, University of Texas, El Paso; Lucian Ionel Cioca, "Lucian Blaga" University Sibiu, Romania

Tagged Divisions

Manufacturing

. The paper is also discussing thetechnical skills gained by students using the software HOMER package. Finally by usingHOMER students have exposure to non-technical engineering skills, such as economicfeasibility, logistic and decision on hybrid power systems. We are hoping the materials presentedherein can be used as the starting point for other instructors considering the use of HOMERpackage as teaching help, design and analysis tool in renewable energy courses.1. IntroductionDue to the adverse effects of pollution from fossil fuel-based power plants, alternative electricitygeneration is being today widely and speedily accepted. In the same time, the electricity demandis increasing and the conventional energy resources are fast depleting

Conference Session

Best Practices and Lessons Learned in Capstone Design Projects

Collection

2014 ASEE Annual Conference & Exposition

Authors

Christopher P. Pung, Grand Valley State University; Hugh Jack, Grand Valley State University

Tagged Divisions

Manufacturing

 manufacturingprogram. These group curriculum areas by industry needs, as illustrated in Figure 1.  The capstonelecture content is highlighted in green as mapped to the four pillars. There is very little coverage ofmanufacturing topics, which is reasonable given the interdisciplinary course composition. However,there is a heavy focus on design, quality, and management as applied to all engineering disciplines. In allengineering programs at GVSU, the course serves as the designated source of business knowledge formany disciplines. For the manufacturing engineering students, most of the unhighlighted topics have beenaddressed in prerequisite courses.The GVSU Senior Project DescriptionA senior project was conducted for a company that makes aftermarket equipment

Conference Session

Green and Sustainable Manufacturing Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Ismail Fidan, Tennessee Technological University

Tagged Divisions

Manufacturing

. Page 24.780.1 c American Society for Engineering Education, 2014 Integrating the Energy Efficiency and Assessment Components into ManufacturingAbstractThis paper reports the current developments and implementations on energy efficiency andassessment studies in an engineering technology program. The developments are basically in twocategories: 1) Web-based teaching modules of Renewable Energy Education have beendeveloped through a funded research project. Instructional Materials, Laboratory Practices andAssessment Exercises have been posted to iLearn (which a Desire2Learn system) and Canvas(which is an Instructure system). Developed materials have been tested by

Conference Session

Manufacturing Materials and Processes

Collection

2014 ASEE Annual Conference & Exposition

Authors

Robert L. Mott, University of Dayton; Ronald J. Bennett F.ASEE, F.ABET P.E., University of St. Thomas; Mark J. Stratton, SME; Mel Cossette, Edmonds Community College; Thomas G. Stoebe, University of Washington; Frank Zeh Cox, National Resource Center for Materials Tecnology Education

Tagged Divisions

Manufacturing

Engineers. This paper is a collaborative effort between the NationalResource Center for Materials Technology Education (MatEd), and the Society of ManufacturingEngineers (SME), through its Center for Education and the Manufacturing Education &Research Community.1. Introduction and BackgroundThis paper focuses on the integration of materials technology into the overall field ofmanufacturing. Manufacturing relates to the transformation of materials from one form toanother. In this process, the properties of the materials involved can also be transformed—thatis, the manufacturing process can change the properties of materials. Thus in the materialsselection and manufacturing planning phases of the design process for a product, it is essentialthat

Conference Session

Best Practices and Lessons Learned in Capstone Design Projects

Collection

2014 ASEE Annual Conference & Exposition

Authors

Arif Sirinterlikci, Robert Morris University

Tagged Divisions

Manufacturing

implementation, and productfabrication, etc.. This course becomes an Enterprise Design Experience based on the projecttype. To register for the course students need to have completed at least 90 credits out of the 126credit requirement for their degree. Engineering Design Process (ISBN: 9780495668145) byHaik and Shahin is utilized as a reference book since it effectively follows through the stages ofthe engineering design and development process. The engineering department does not offermany courses on Fridays but this course is placed on a 4 hour block on Friday afternoons startingat 12:00 PM.Table 1. below depicts the weekly schedule for the Fall course including the requirements. Withthe syllabus, students are given a sample project list. However

Conference Session

Best Practices and Lessons Learned in Capstone Design Projects

Collection

2014 ASEE Annual Conference & Exposition

Authors

Yalcin Ertekin, Drexel University (Tech.); Irina Nicoleta Ciobanescu Husanu, Drexel University (Tech.); Richard Chiou, Drexel University (Eng. & Eng. Tech.); Joshua Konstantinos

Tagged Divisions

Manufacturing

presentation to faculty andpracticing engineers from industry. Since this is a capstone project course, many ABET StudentOutcomes are assessed each quarter as indicated in Table 1. Written, oral and studentcontribution rubrics were developed specifically for the capstone project course and are usedduring assessment and evaluation. Assessor body include Engineering Technology programfaculty, sponsoring company engineers and invited Drexel University faculty.Table 1. ABET Students Outcomes assessed per quarter offering. ET COURSES OUTCOME(s) MET 421 Project Design I a-k MET 422 Project Design II a-h, j, k MET 423

Conference Session

Leadership, Entrepreneurship and Ethics Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Ronald J. Bennett F.ASEE, F.ABET P.E., University of St. Thomas; Niaz Latif, Purdue University Calumet (College of Technology); Aco Sikoski, Ivy Tech Community College; Steven Wendel, Sinclair Community College; Mohammad A. Zahraee, Purdue University Calumet (College of Technology)

Tagged Divisions

Manufacturing

areshared.backgroundAdvanced manufacturing is a matter of fundamental importance to the economic strength andnational security of the United States.1 A National Strategic Plan For AdvancedManufacturing, February 2012, outlines a federal strategy for advanced manufacturing thatseeks to achieve five objectives: Objective 1: Accelerate investment in advanced manufacturing technology, especially by small and medium-sized manufacturing enterprises, by fostering more effective use of Federal capabilities and facilities, including early procurement by Federal agencies of cutting-edge products. Objective 2: Expand the number of workers who have skills needed by a growing advanced manufacturing sector and make the education and training

Conference Session

Program and Curriculum Design Initiatives

Collection

2014 ASEE Annual Conference & Exposition

Authors

Victoria Ann Hill, Numeritics

Tagged Divisions

Manufacturing

of this, manufacturing and the role that public policyplays in supporting it have become important topics of discussion in Washington and throughoutthe U.S. This paper explores workforce and training topics related to manufacturing, anddiscusses the lessons that may be learned from Austria’s approach to these same issues.According to a report by the National Association of Manufacturers (NAM), A Growth Agenda:Four Goals for a Manufacturing Resurgence in America, “manufacturing has the highestmultiplier effect of any other sector of our economy. Investments in manufacturing multiplyacross the economy, creating jobs and growth in other sectors.1 Among other things, the reportlays out a pro-growth agenda for the manufacturing sector, and

Conference Session

Best Practices and Lessons Learned in Capstone Design Projects

Collection

2014 ASEE Annual Conference & Exposition

Authors

Morteza Sadat-Hossieny, Northern Kentucky University; Mauricio Torres, Northern Kentucky University

Tagged Divisions

Manufacturing

interests are manufacturing processes and enterprise engineering. Page 24.936.1 c American Society for Engineering Education, 2014 NKU/Mazak Corp. Joint Senior Project ProgramAbstractMazak in cooperation with NKU Engineering Technology is carrying an innovative trainingprogram aimed to provide students with ‘hands-on’ industrial experience, as part of graduationrequirements. This innovative learning experience incorporates many elements of the casemethod in experiential learning. The advantages for this university-industry joint effort are:1. The resources available to students and the hand

Conference Session

Teaching and Assessment Methodologies

Collection

2014 ASEE Annual Conference & Exposition

Authors

Bimal P. Nepal, Texas A&M University; Barry Lawrence, Texas A&M University; Esther Rodriguez-Silva PhD, Texas A&M University

Tagged Divisions

Manufacturing

prepared (upon graduation) to take on challenges of the real world.Unlike in traditional learning method, in experiential learning students are involved in hands onreal world problem solving environment. Thus, in experiential learning student learning takesplace based on the experience of the project they work on. Capstone or senior design projects aregreat examples of experiential learning environment. By realizing the need of project-basedlearning, the US government has been encouraging the academic institutions to create suchlearning environment in the STEM disciplines through its funding agencies like National ScienceFoundation (NSF) [1]. This has generated huge interest among the engineering educators onhands-on freshmen engineering programs

Conference Session

Green and Sustainable Manufacturing Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Richard Chiou, Drexel University; Radian G Belu, Drexel University (Tech.); Tzu-Liang Bill Tseng, University of Texas, El Paso; M. Eric Carr, Drexel University; Bharadwaj Ramesh, Drexel University

Tagged Divisions

Manufacturing

broadspectrum of manufacturing, from development of green technology products, implementation ofadvanced manufacturing and production technologies, and introduction of energy efficient andenvironmentally friendly manufacturing processes and systems, from the plant floor to theenterprise level, and the whole supply chain. Here, we interpret green energy manufacturing asfollows: 1. Manufacturing of green technology products, in particular, those used in renewableenergy systems and clean technology equipment; 2. Manufacturing process and system control toaddress energy and environmental concerns, such as reducing pollution and waste, reducingemissions, minimizing natural resource and energy usage, recycling and reusing what wasconsidered as waste before

Conference Session

Program and Curriculum Design Initiatives

Collection

2014 ASEE Annual Conference & Exposition

Authors

Malini Natarajarathinam, Texas A&M University

Tagged Divisions

Manufacturing

100 80 points for leader week and Mandatory Week/ 15 for other weeks 20 points for othersCase Studies (2) 200 100 points each -Group Project 200 -Simulation Game 200Total 1000 1000Table 1: Changes in Assessment of Learning from Fall 2012 to Fall 2013 1. Assignments:In Fall 2012, the students worked on 2 qualitative assignments each worth 40points. The students had to write 2 pages-reports on a topic provided for eachassignment. In Fall 2013, a major revision was made to

Conference Session

Leadership, Entrepreneurship and Ethics Education

Collection

2014 ASEE Annual Conference & Exposition

Authors

Daniel F. Jennings PE, Texas A&M University; Bimal P. Nepal, Texas A&M University

Tagged Divisions

Manufacturing

EXI’s start-up, six-years ago, Kennethand Ronald agreed that (1) Ronald would manage EXI on a day -to-day basis and that Kennethwould be involved in “strategic decisions” (2) after achieving a series of mutually agreed uponmilestones, Ronald would receive a percentage ownership of EXI up to 49% and (3) once Ronaldachieved a 49% ownership of EXI, Kenneth would sell his 51% percent ownership portion of EXIto Ronald. However, at the time the ownership agreement was developed between Ronald andKenneth, nothing was specified on how much Ronald would pay Kenneth for Kenneth’s portionof the company, nor was any methodology agreed upon on how the value of Kenneth’sownership would be determined.EXI has a Board of Directors composed of five individuals