Conference Session

Engineering Economy Division Technical Session 1

Collection

2020 ASEE Virtual Annual Conference Content Access

Authors

Brian Aufderheide, Hampton University; Otsebele E. Nare, Hampton University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

Engineering Disciplines Brian Aufderheide1, Otsebele E. Nare1 1 Hampton University, USAAbstractThis is a Work in Progress. Students are taught how to model, write, and solve engineeringequations as part of their typical curriculum. But what is not covered is how to meld theengineering design world with the economic domain needed to be successful in industry. Oneauthor has supervised over 35 industrial design projects, and through his experience found thatwhat industry values most is a detailed Financial Operational Model with clear design andeconomic parameters evaluated through sensitivity analysis. At Hampton University

Conference Session

Engineering Economy Division Technical Session 1

Collection

2020 ASEE Virtual Annual Conference Content Access

Authors

Bradley James Schmid, University of Saskatchewan

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

the explanations and example problems used in the textbook.IntroductionEngineering programs in Canada and the United states have similar accreditation processes andcriteria [1], [2]. ABET accredits programs in the United States while the Canadian EngineeringAccreditation Board (CEAB) accredits programs in Canada. In each system, the ability of astudent to consider the constraints of economics and incorporate economics into engineeringdesigns, projects and considerations is a requirement. As such, engineering programs must offerEngineering Economics in their programs and often fulfill this requirement with a coursededicated to this topic though it could be fulfilled in other courses such as design courses.As part an internal improvement study