Conference Session

Engineering Economy Division Technical Session 1

Collection

2019 ASEE Annual Conference & Exposition

Authors

Ted Eschenbach P.E., TGE Consulting; Jerome P. Lavelle, North Carolina State University; Neal A. Lewis, Fairfield University

Tagged Divisions

Engineering Economy

. Lavelle [1] performed an early survey exploringhow engineering economy is taught. This was extended by Lavelle, Needy, and Nachtmann [2].Nachtmann, Needy, Lavelle, and Eschenbach [3] performed a further analysis of the data fromthe expanded survey. Lastly, Nachtmann, Needy and Evans [4] provided a refresher survey onthe standing of the engineering economy classroom.Schmahl, et al. [5] explored textbooks, investigating what percent of problems are actuallyengineering (vs. finance) in context. Hartman [6] described the use of the Wall Street Journal tosupplement the course with relevant news articles. Ristroph and Glassinger [7] updated tax lawchanges as they apply to engineering projects. Sullivan and Terpenny [8] emphasized the needfor after-tax

Conference Session

Engineering Economy Division Technical Session 1

Collection

2019 ASEE Annual Conference & Exposition

Authors

Joseph Wilck, College of William & Mary; Paul C. Lynch, Penn State Erie, The Behrend College

Tagged Divisions

Engineering Economy

MBA programs at the MasonSchool of Business at William & Mary are consistently ranked between 25 and 50 in the U.S.from various ranking organizations, and in the top 100 worldwide. The part-time (evening)MBA program has a concentration in Engineering Management, and the Engineering Economycourse is an elective within that concentration. The business school does not offer a doctorate.The university overall is a top 10 public university in the U.S., and is a traditional liberal artsuniversity. It does not currently have any engineering degree programs, although it did in thepast.Literature ReviewThere are many articles that discuss how to teach or integrate business topics to engineeringstudents [1 - 3]. However, the opposite situation is

Conference Session

Engineering Economy Division Technical Session 1

Collection

2019 ASEE Annual Conference & Exposition

Authors

Raymond L. Smith III, East Carolina University; Henry D. Lester, University of South Alabama

Tagged Divisions

Engineering Economy

to invest time in preparing their“cheat-sheet” for a variety of reasons and strategies, which correspondingly demonstrate a rangeof outcomes. The factors for these decisions are discussed and outcomes are reported.1 IntroductionOver many years researchers, largely in the field of psychology, have studied the benefits ofusing reference materials in the examination setting with respect to performance, knowledgeacquisition and knowledge retention [1-4]. Although some researcher findings have not beensupportive [5-7], a general consensus has not been formed on the practice due in large part to thediffering examination formats, topics and contexts. As a result, course instructors are often leftto debate whether the allowance of self-made

Conference Session

Engineering Economy Division Technical Session 1

Collection

2019 ASEE Annual Conference & Exposition

Authors

Priyadarshan A. Manohar, Robert Morris University; Fahad Saad Almutairi, King Fahd Security College

Tagged Divisions

Engineering Economy

results from this thesis research work. Preliminaryresults support the hypothesis that including economic analysis in a thesis option constitutes abetter way to engage students in their learning process, and for enhancing their comprehension andinterest in engineering economics of government projects.1.0 Introduction and RationaleIt has long been realized that the engineering economics course content and teaching methods havenot kept pace with time. For example, a study by Needy et al. [1], [2] conducted as a two-phasesurvey in 1995 and 1997 of pedagogy of engineering economics found that nearly 47% of therespondents felt the need to redesign how the subject is taught in the class. Another pedagogicalissue suggested is that the curriculum of the