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Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2023 ASEE Annual Conference & Exposition
Authors
Huseyin Sarper, Old Dominion University; Nebojsa I Jaksic P.E., Colorado State University - Pueblo
Tagged Divisions
Engineering Economy Division (EED)
P. Students make their choices on a form which is checked andapproved by the instructor as shown in Figures 3 for fall 2022.Figure 1. Project Description Handout (Spring 2022) Figure 2. A Sample HYSA Advertisement (January 2023)Students are taught the basic concepts of present and future worth. After about five to seven weeks,stocks are “sold” in class (Figure 4) using the online prices then, and the HYSA balance is “cashedout” by calculating its own future value. The future worth of the HYSA is certain, but the futurevalues of the stocks vary widely. The sum of both proceeds is the overall future value (F). Manystudents are surprised to realize that for many of them the F can be easily less than the P.Next, students
Conference Session
Engineering Economy Division (EED) Technical Session
Collection
2023 ASEE Annual Conference & Exposition
Authors
Neal A. Lewis, University of Nebraska - Lincoln; Ted Eschenbach, TGE Consulting
Tagged Topics
Diversity
Tagged Divisions
Engineering Economy Division (EED)
that an engineering student will be exposed tofinancial topics. Is it appropriate to include this discussion in engineering economy courses?How do we best use this material in class?References[1] Eschenbach, T, J.P. Lavelle, and N. Lewis, “Personal Finance Coverage in Engineering Economy Courses,”Proceedings of the 2017 ASEE National Conference, American Society for Engineering Education, Columbus, Ohio.[2] Eschenbach, T.G. and N.A. Lewis, “Risk, Standard Deviation, and Expected Value: When Should an IndividualStart Social Security?” The Engineering Economist, 64(1), pp. 24-39, 2019.[3] Arias, Elizabeth, and Jiaquan Xu, “United States Life Tables, 2020,” National Vital Statistics Reports, 71(1),August 8, 2022.[4] Office of Management and
Conference Session
Engineering Economy Division (EED) Technical Session
Collection
2023 ASEE Annual Conference & Exposition
Authors
Neal A Lewis, University of Nebraska - Lincoln; Jena Shafai Asgarpoor, University of Nebraska - Lincoln; Ipek Bozkurt
Tagged Divisions
Engineering Economy Division (EED)
as Program Chair for the Engineering Management Division (EMD) of ASEE. Dr. Asgarpoor is the 2022-2023 Secretary for the American Society for Engineering Management. Her interests lie in scholarship of teaching and learning specifically in asynchronous online space, assessment of learning, engineering management, and quality management.Ipek Bozkurt ©American Society for Engineering Education, 2023 CIP 2030: A Strategy for Engineering Management to be Reclassified as an Engineering DisciplineAbstractThe National Center for Education Statistics started the Classification of Instructional Programs(CIP) in 1980 to facilitate the organization, collection, and
Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2023 ASEE Annual Conference & Exposition
Authors
Kate D. Abel, Stevens Institute of Technology (School of Engineering and Science)
Tagged Topics
Diversity
Tagged Divisions
Engineering Economy Division (EED)
. Thiscommittee was formed in the spring of 2022. A few virtual meetings occurred in the spring of2022 during which time the members were advised and discussed the upcoming overarching tasksand goals.Over the summer of 2022, each committee member was individually tasked with providing a 1-2page write up of what topics they felt should be covered in the new course and the justification foreach topic, keeping in mind the new constraints of time per week and credit hours. Each committeemember did this individually without contribution from other members in order to not bias anyone.Prior to the fall semester, the committee chair combined the contributions of each committeemember into one document. Although no comments were disregarded in the initial
Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2023 ASEE Annual Conference & Exposition
Authors
Robert P. Leland, Oral Roberts University
Tagged Topics
Diversity
Tagged Divisions
Engineering Economy Division (EED)
$1.543Bin outstanding loans in 2022, with a total loaned since inception of $35.8B. The repayment rateas of 2022 was 97.23% [2]. Yunus describes the Grameen Bank as a ‘social business’: As I built Grameen Bank, I frequently encountered social and economic problems that were making life difficult for the bank’s borrowers. In many cases I tried to solve the problem by creating a business around it [3].Rather than simply making a profit, a social business seeks to change the world in a positiveway, while being self-sustaining and using any profits to invest back in the mission of thebusiness. An advantage the ‘social business’ model has over the charity model is that the fundsare repaid and can be used to help more people in an
Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2023 ASEE Annual Conference & Exposition
Authors
Daniel B. Oerther, Missouri University of Science and Technology
Tagged Divisions
Engineering Economy Division (EED)
planetary health,” J. Environ. Eng., vol. 148, no. 04022029, 2022. 3. N. Folbre, “Caring Labor,” 2003. [Online] Available: http://www.republicart.net/disc/aeas/folbre01_en.htm. 4. D.B. Oerther, “Reducing costs while maintaining learning outcomes using blended, flipped, and mastery pedagogy to teach introduction to environmental engineering,” in ASEE Annual Conference & Exposition, Columbus, Ohio, USA, June 25-28, 2017. [Online] Available: https://doi.org/10.18260/1-2--28786. 5. D.B. Oerther, “Introduction to environmental modeling: Results from a three-year pilot,” in ASEE Annual Conference & Exposition, Tampa, Florida, USA, June 15-19, 2019. [Online] Available: https://doi.org/10.18260/1-2
Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2024 ASEE Annual Conference & Exposition
Authors
Ted Eschenbach, University of Alaska ; Neal A. Lewis, University of Nebraska
Tagged Topics
Diversity
Tagged Divisions
Engineering Economy Division (EED)
monthly benefits have an annual COLA adjustment. This was 5.9% for 2022, 8.7%for 2023, and 3.2% for 2024.There is no good quantitative measure for the biggest advantage of social security. The benefitslast as long as the individual does. Buying annuities [26] is in many cases insurance that has anegative rate of return, not an investment with a positive rate.A smaller advantage of social security is that the AIME does not consider the salary trajectory; itcounts all years the same. In contrast regular investing compounds early (low salary) investmentsfor more years and later (higher salary investments) for fewer years. The main disadvantage ofsocial security is that since only the high 35 years count (after indexing), more years only matterif low
Conference Session
Engineering Economy Division (EED) Technical Session 1
Collection
2024 ASEE Annual Conference & Exposition
Authors
Tamara R. Etmannski, University of British Columbia
Tagged Topics
Diversity
Tagged Divisions
Engineering Economy Division (EED)
Annual Enrolment Report 2022/23.[online]. Available: https://scs-senate-2021.sites.olt.ubc.ca/files/UBC-Annual-Enrolment-Report-2022-23.pdf[5] V. Braun, and V. Clarke, “Thematic Analysis,” in APA Handbook of Research Methods inPsychology, H. Cooper, Ed., vol. 2: Research Designs, Washington, DC, USA: APA books,2012, pp. 57–71, DOI: 10.1037/13620-004
Conference Session
Engineering Economy Division (EED) Technical Session
Collection
2023 ASEE Annual Conference & Exposition
Authors
Robert A. Baffour, University of Georgia; Nathaniel Hunsu, University of Georgia; Eliza A Banu, University of Georgia; Adel W. Al Weshah, University of Georgia; Barbara Norton McCord P.E., University of Georgia; Marguerite Carol Brickman, University of Georgia
Tagged Divisions
Engineering Economy Division (EED)
and judge the quality of their work to identify their strengths andweaknesses as a basis for improvement. Andrade and Du [17] specifically defines the processthat involves the students judging their own work including assignment of a mark (termed self-grading) as self-evaluation. For this study, the term self-assessment is used to describe all theactivities including students assessing their work, assigning grades, and reflecting on the wholeexercise on how it affects their academic work.MethodologyAn engineering economics course was used as a case study. Over 350 engineering economicsstudents from three cohorts participated in the study. The cohorts were from 3 class sections eachof Spring 2021, Fall 2021 and Spring 2022. All groups self