Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Paul C. Lynch, Pennsylvania State University, University Park; Cynthia Bober, Penn State University; Joseph Wilck, East Carolina University

Tagged Divisions

Engineering Economy

Education Annual Conference & Exposition. 2. J. Darrell Gibson, M. Patricia Brackin, “Techniques for the Implementation and Administration of Industrial Projects for Engineering Design Courses,” Proceedings of the 1999 American Society for Engineering Education Annual Conference & Exposition. 3. James Noble, “An Approach for Engineering Curriculum Integration in Capstone Design Courses,” Page 26.191.13 International Journal of Engineering Education, 14(3), 197-203, 1998.4. Ana Vila-Parrish, Dianne Raubenheimer, “Integrating Project Management & Lean-Six Sigma Methodologies in an Industrial

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Shervin Zoghi, California State University, Fresno

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

psychomotor) into what’scalled Bloom’s Taxonomy. By understanding the hierarchal structure of this taxonomy, studentshave successfully supplemented these ideologies into their learning patterns. This paper exploressome of the many methods for teaching engineering economics in a way that enablesengagement and long-term retention.It is also the intent of this paper to address the importance of integrating economics into theengineering curricula. Due to globalization and economic complexity, engineers are nowrequired to have an in-depth understanding of the markets and how changes in these marketsaffect their bottom line. These can include a variety of things, such as understanding interestrates required to increase or sustain levels of capital stock

Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

universities are seriously debated in this literature.Key in general to our current work is the question of whether student perception relates tostudent learning. A common term in this literature is “constructive alignment”10 which describesthe concept that the curriculum is designed so that the learning and assessment are aligned. Ifthis is effectively accomplished, students in turn attain the goals intended for the course. In thisview, students are responsible for their own learning and the expectation is that there isconsistency between student perceptions of learning and the actual results. Kunh and Rundle-Thiel11 are an example of a study built on this premise and they found student perception oflearning was correlated with actual student

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Zia A. Yamayee, University of Portland; Mojtaba B. Takallou P.E., University of Portland; Robert J. Albright P.E., University of Portland

Tagged Divisions

Engineering Economy

technologies with power systems, probabilistic production simulations, and integrated resource planning. In recent years, he has authored a number of ar- ticles and has given numerous presentations on outcomes-based engineering curriculum development and the implementation of the ABET Criteria for Accrediting Engineering Programs. He has authored and/or co-authored over 45 articles, a textbook which has been translated into Chinese, 22 technical reports, 12 summary papers, and 15 discussions and reviews. His professional experience includes: (1) over 32 years of university administration, teaching, consulting and research, and (2) five years of full-time work in industry.Dr. Mojtaba B. Takallou P.E., University of Portland

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Jerome P. Lavelle, North Carolina State University; Matthew T. Stimpson, North Carolina State University; E. Downey Brill, North Carolina State University

Tagged Divisions

Engineering Economy

-class contentdelivery—thereby opening up valuable face-to-face class time for substantial formalizedinteraction (peer-to-peer and student-to-instructor). Using this model students access coursecontent through videos (videos, podcasts, audiographs, vodcasts, and/or webinars2) andarchived on-line course materials prior to each class session on their own time.3,4 Active-learning, cooperative learning, collaborative learning and problem-based learning techniques5,6are then used in class to confirm, add-to, clarify, integrate, evaluate, synthesize and assessstudent learning. In this way the traditional model with in-class lectures and out-of-classactivities (homework, etc.) is “flipped” so that content is consumed outside of class andactivity and

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Oscar M. Bonilla, Baruch College of the City University of New York; Donald N. Merino P.E., Stevens Institute of Technology (SES)

Tagged Divisions

Engineering Economy

engineering analysis and design that exist in curriculums today.However, the engineering tools and techniques are generally taught with an individual focus andnot on a holistic basis. This paper provides a system approach which integrates the various toolsand techniques and could serve as a practical example in Engineering Design or Capstonecourses.The first section of this paper is an extensive review of relevant literature. This literature surveyskey factors for success or failure in technology commercialization that spans the last two decades.These factors have been classified in four domains (Technical, Economic, Operational, andRegulatory) according to their impact. The next section presents the DFC model and explainshow each of its main