Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

Weihang Zhu, Lamar University; Alberto Marquez P.E., Lamar University; Julia Yoo

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

Paper ID #11134Development of ”Engineering Economics Career” Mobile AppProf. Weihang Zhu, Lamar University Weihang Zhu is an Associate Professor of Industrial Engineering, Lamar University, USA since 2005. He received his Ph.D. in Industrial Engineering from North Carolina State University (2003), USA and his M.S. (2000) and B.S. (1997) in Mechanical and Energy Engineering at Zhejiang University, China. His research interests include Engineering Education, Computer haptics, CAD/CAM, high performance computing, meta-heuristics, multi-axis NC surface machining.Dr. Alberto Marquez, Lamar UniversityProf. Julia Yoo

Conference Session

Engineering Economy Course Strategy Panel Session

Collection

2021 ASEE Virtual Annual Conference Content Access

Authors

James Burns, Western Michigan University; Bob White P.E., Western Michigan University

Tagged Divisions

Engineering Economy

thoroughness of the analysis and on how well themethods and findings are communicated in a written report.Rationale: The ultimate goal of this approach is to build skills that will be most useful tostudents in their careers. In practice, engineers need to perform analyses that combine manyfactors at both the strategic and operational levels of organizations, that incorporate elements ofproduct and/or process design, and that consider various forms of risk and uncertainty. Analysesin industry will also likely involve after-tax cash-flows and debt capital more often than they willinvolve basic techniques such as simple payback or comparisons of equal cash flows. Therefore,it seems appropriate that the emphasis from the first day of class should be on

Conference Session

Innovative IE Curricula

Collection

2013 ASEE Annual Conference & Exposition

Authors

Yunchen Huang, Mississippi State University; Lesley Strawderman, Mississippi State University; John M. Usher P.E., Mississippi State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

professors and graduate students not only helps build a solid path through graduatestudents’ careers, but is also pivotal to the success of engineering education. As more graduatestudents assume teaching responsibilities, it is important that they are given the advice andguidance regarding sound educational practices.In this paper, a new teaching mentoring model used in an industrial engineering department isintroduced. A brief comparison with graduate teaching preparation approaches in other industrialengineering departments, colleges, and universities is provided. Feedback from departmentadministration, mentor & mentee, and students of the mentee are discussed. Finally, summaryresults of the current mentoring program and suggestions for

Conference Session

New Topics in Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Leslie Pagliari, East Carolina University; Gene Dixon, East Carolina University; Paul Kauffmann, East Carolina University; Merwan Mehta, East Carolina University

Tagged Divisions

Engineering Economy

Technology at Old Dominion University. His previous position at ODU was in the Department of Engineering Management. Prior to his academic career, he worked in industry where he held positions as Plant Manager and Engineering Director. Dr. Kauffmann received a BS degree in Electrical Engineering and MENG in Mechanical Engineering from Virginia Tech. He received his Ph.D. in Industrial Engineering from Penn State and is a registered Professional Engineer.Merwan Mehta, East Carolina University Merwan Mehta, Ph.D., is an Associate Professor at East Carolina University. He has for over twenty years experience as a machine tool design engineer, manufacturing engineer, manager, and consultant. His

Conference Session

Pedagogical Advancements in Engineering Management

Collection

2012 ASEE Annual Conference & Exposition

Authors

Ralph Ocon, Purdue University, Calumet

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

AC 2012-4441: TEACHING CREATIVE THINKING USING PROBLEM-BASED LEARNINGProf. Ralph Ocon, Purdue University, Calumet Page 25.1245.1 c American Society for Engineering Education, 2012 Teaching Creative Thinking Using Problem-Based LearningAbstractAs global competition and technological innovation continue to challenge businessorganizations, the ability to solve diverse and complex problems has become essential forstudents in every academic discipline. While pursuing their careers, technology andengineering students will soon realize that the development of creative problem solvingskills is fundamental for success in today’s

Conference Session

Innovative IE Curricula

Collection

2013 ASEE Annual Conference & Exposition

Authors

David Paul Sly, Iowa State University; Daniel P Bumblauskas, University of Missouri Harvard University; Adam R Carberry, Arizona State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Sales for Engineers I, and is focused on teaching students how tobe effective technical sales people. Faculty and administrators reached out to an industrialadvisory committee comprised of organizations to develop the program with a vested interest;specific organizations that hire students from the College of Engineering at Iowa StateUniversity for career tracks in technical sales and marketing were solicited.The course, taught by one instructor since 2008, uses a combination of various sales techniquesand strategies from established technical sales programs to frame the syllabus for the course.This course has now been offered for five consecutive years, with surveys taken of students atthe beginning and end of the course for four semesters

Conference Session

Assessment and Accreditation in Engineering Management

Collection

2012 ASEE Annual Conference & Exposition

Authors

Maxwell Reid, Auckland University of Technology

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

. Page 25.553.4Rationale for the management papersMany engineering students expect engineering science and competence in design to be morerelevant to their chosen career than management skills. In modern engineering it is quitelikely that an operational engineer may be required to be a manager with the skills to thinkbroadly and act responsively. In fact, many professional engineers become involved inmanagement early in their working life, and find their career development path leading tosenior management positions.In these senior roles, they find that their skills as communicators and conceptual planners canoften be more demanding than their engineering skills. Quite often their decision-makingincludes dealing with uncertainty, where the time

Conference Session

Innovations in the IE Curriculum

Collection

2012 ASEE Annual Conference & Exposition

Authors

Heidi A. Taboada, University of Texas, El Paso; Jose F. Espiritu, University of Texas, El Paso

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

at national and regional conferences, and • Increase student interest to work for USDA(d) Student Recruitment and Retention BGREEN will recruit and retain students interested in being part of the next generation ofSustainable Energy leaders. Each of the institutions in the consortium will participate inestablished K-12 outreach activities at various outreach programs (i.e., ExciTES summerprogram, pre-freshman Engineering Program (PREP)). Additionally, in each semester, eventsand extracurricular activities will be carried out at each of the partner institutions to ensure aproper cohesion of the participating students funded through this program (i.e., speaker seminarseries, scientific method workshop, career activities, field trips

Conference Session

Innovations in the IE Curriculum

Collection

2012 ASEE Annual Conference & Exposition

Authors

Denise H. Bauer, University of Idaho, Moscow; Jessica L. Heier Stamm, Kansas State University; Lesley Strawderman, Mississippi State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

important for the profession and the academic programs, they are alsocritical to student success. The design experience they complete in the course has the potentialto influence their career trajectory, satisfaction with the academic program, and self-efficacy.The challenge then becomes determining the best capstone model to maximize this potential. Acomprehensive understanding of various capstone course models will help determine if there isone best model or if it may depend on characteristics of the program such as geographic location,student body size, and faculty size.Literature ReviewPast research on capstone design courses in engineering has focused on how to best structure thecourse to serve the educational needs of the students, as well as

Conference Session

Engineering Management Applications

Collection

2012 ASEE Annual Conference & Exposition

Authors

Craig G. Downing, Rose-Hulman Institute of Technology

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

interviews yielded substantive Page 25.156.4information. To complement and corroborate the qualitative data obtained from the interviews, abrief three-item survey was administered to a larger population of recruiters, approximately 165,visiting the RHIT fall Career Fair. With the exception of Executive Recruiters (not present at theCareer Fair), the larger group contained similar demographics to face-to-face interviews.The quantitative aspect of this endeavor asked participants to answer the following questions: 1. Do you know the difference between Engineering and Engineering Technology Baccalaureate Degrees (e.g. Mechanical Engineering vs

Conference Session

Engineering Economy Division Technical Session 3

Collection

2017 ASEE Annual Conference & Exposition

Authors

Gilbert C Brunnhoeffer III P.E., Roger Williams University

Tagged Divisions

Engineering Economy

Paper ID #19798Engineering Economics for Freshmen EngineersDr. Gilbert C Brunnhoeffer III P.E., Roger Williams University Practiced Civil Engineering and Engineering Management in the U S Army for 20 years. Engaged in software engineering for three years and ran factories producing engineered materials for the aerospace and electronics industries for seventeen years. Teaching career includes engineering mechanics, civil engineering, and construction management for seventeen years. c American Society for Engineering Education, 2017 Engineering Economics for Freshmen EngineersFreshmen

Conference Session

Frontiers in Engineering Economy

Collection

2010 Annual Conference & Exposition

Authors

Ted Eschenbach, TGE Consulting

Tagged Divisions

Engineering Economy

twofields.The Overall Comparison of the FieldsTable 1 summarizes some of the important differences in the fields, but a comparison of typicalintroductory texts is left for Table 2. One of the most important differences highlighted in Table1 is the central role of finance for the careers of both business students and faculty. Whileengineering economy is often cited as one of the most important courses taken by engineeringstudents who have transitioned to industry, it is not generally the focus of a career except for avery limited number of faculty.One consequence of the difference in scale between the two fields is that our field is led by asingle journal, The Engineering Economist, which includes pedagogy but focuses on research.There are many research

Conference Session

Innovative IE Curricula

Collection

2013 ASEE Annual Conference & Exposition

Authors

Masud Salimian, Morgan State University; Yaseen Mahmud, Morgan State University; Avis L. Ransom, Morgan State University School of Engineering

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Paper ID #7801Training Industrial Engineering Students as Energy EngineersDr. Masud Salimian, Morgan State University Faculty at Industrial Engineering Department at Morgan State University.Mr. Yaseen Mahmud, Morgan State UniversityMs. Avis L. Ransom, Morgan State University School of Engineering Early career engagement as a systems and logistics engineer by Department of Defense contractors, Avis Ransom, applied a bachelors in chemistry and MBA in the management and development of technology and in the application of engineering to address DoD requirements. Following 15 years of self employ- ment as a business

Conference Session

Engineering Economy Division Technical Session 2

Collection

2016 ASEE Annual Conference & Exposition

Authors

Paul C. Lynch, Penn State University Erie, The Behrend College; James F. Kimpel, University of Pittsburgh; Karen M. Bursic, University of Pittsburgh

Tagged Divisions

Engineering Economy

Faculty Award in 2011, 2013, and 2015, the Penn State Industrial & Manufacturing Engineering Alumni Faculty Appreciation Award in 2013, and the Outstanding Advising Award in the College of Engineering in 2014 for his work in undergraduate education at Penn State. Dr. Lynch worked as a regional production engineer for Universal Forest Products prior to pursuing his graduate degrees. He is currently an Assistant Professor of Industrial Engineering in the School of Engineering at Penn State Erie, The Behrend College.Dr. James F. Kimpel, University of Pittsburgh Jim Kimpel joined the faculty of the Katz Graduate School of Business at the University of Pittsburgh in 2012 following a 27-year career in industry. His

Conference Session

Applications of Engineering Economy

Collection

2008 Annual Conference & Exposition

Authors

John Robertson, Arizona State University; Michael Kozicki, Arizona State University; Slobodan Petrovic, Arizona State University

Tagged Divisions

Engineering Economy

success and the vulnerability to a weakness in any one of them. It is a useful framework for student projects where some reasoned case has to be made for the likely evolution path.Many parties have an interest in making objective assessments of the possible success ofemerging technologies - from investors to students pondering their career direction. Tomake the task more tractable, cases that are judged individually on merit have beenexcluded. This avoids the minefield of research project funding, venture capital andpeer-reviewed publications. Instead, this paper concentrates on cases where there is nosingle project advocate. The goal is to determine the maturity state and intrinsic merits ofan emerging technology rather than

Conference Session

Applications of Engineering Economy

Collection

2008 Annual Conference & Exposition

Authors

Benjamin Kelley, Baylor University; Robert Doty, Baylor University; Bill booth, Baylor University; Cynthia Fry, Baylor University

Tagged Divisions

Engineering Economy

assurance for career success, as a combination of professional skills is needed.4Successful careers require an understanding of how a business functions and familiarity withcontemporary issues in a global and societal context.5 A variety of innovative and successfulapproaches have been used to expose students to global issues. Selected engineering standardsare used to lead into global manufacturing.6 The Engineering Projects in Community Service(EPICS) has a international component.7 A multi institution, multi country initiative seeks topromote international cooperation and generate new partnerships.8 Although engineeringstudents traditionally have elected not to study abroad, new international programs andrecruiters’ expectations are leading more

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

advising. He received the Outstanding Industrial Engineering Faculty Award in 2011 and 2013 for his work in undergraduate education at Penn State. Dr. Lynch worked as a regional production engineer for Universal Forest Products prior to pursuing his graduate degrees. He is currently a Lecturer and Academic Adviser in the Harold and Inge Marcus Department of Industrial & Manufacturing Engineering at the Pennsylvania State University.Dr. Paul J. Kauffmann P.E., East Carolina University Dr. Paul J. Kauffmann is a professor and former chair in the Department of Engineering at East Carolina University. His twenty year industry career included positions as Plant Manager and Engineering Direc- tor. Dr. Kauffmann

Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

Donald Remer, Harvey Mudd College; Karen Ahle, Raytheon; Kevin Alley, Southwest Research Institute; John Silny, Raytheon; Karen Hsin, Accenture; Elijah Kwitman, Harvey Mudd College; Allison Hutchings, Harvey Mudd College

Tagged Divisions

Engineering Economy

. After graduation he plans to travel and pursue career opportunities in the field of engineering design and systems.Allison Hutchings, Harvey Mudd College Allison Hutchings graduated from Harvey Mudd College in Claremont, California in May 2007 with a B.S. in engineering. She plans to attend graduate school. Her interests are in structures and dynamics of aerospace systems. Page 12.411.1© American Society for Engineering Education, 2007 Cost Estimating Certificates Offered by Professional Societies in the United States and AbroadAbstractMany projects in industry and

Conference Session

Engineering Economy Division Technical Session 2

Collection

2017 ASEE Annual Conference & Exposition

Authors

Robert P. Leland, Oral Roberts University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

career, which may be an understatement.From the survey results for the readings, the largest responses from the students were on the TataNano and India Inventors. Both of these had strong connections to engineering. The strongpositive rating for the India Inventors appears to be due to the positive impact on people in India.For the in class topics, most students chose the more technical topics on the Cost of Mars andCongolese Wireless Network (which is also a very dramatic story). As a general rule, the favoritetopics seem to be ones that involve the positive impact of technology on human need, that bringtogether the students’ expertise and career goals with their desire to help people and make adifference.Students selected most of the possible

Conference Session

Engineering Economy Division Technical Session 1

Collection

2018 ASEE Annual Conference & Exposition

Authors

Aimee T. Ulstad, Ohio State University; Mehdi Mashayekhi, Ohio State University; Hannah Meckstroth, Ohio State University

Tagged Divisions

Engineering Economy

Paper ID #21471Work in Progress: Do Engineering Students Gain Financial Literacy Skillsby Taking an Engineering Economy Course?Aimee T. Ulstad, Ohio State University Aimee Ulstad, P.E is an Associate Professor of Practice in the Integrated Systems Engineering Department at The Ohio State University. Prior to joining the faculty at Ohio State, Aimee was an industry professional in various field in engineering for over 30 years. Aimee received her degrees in Mechanical Engineering and Masters in Business Administration from Ohio State. She began her career as a packaging equipment engineer at Procter and Gamble, then moved

Conference Session

The Evolution of Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Joseph Hartman, Lehigh University; David Enke, University of Missouri

Tagged Divisions

Engineering Economy

. An advanced engineering economy course wouldbe for those students pursuing engineering careers, with topics including advanced methods foranalysis under risk and uncertainty (simulation and real options analysis) with applications inequipment replacement and capacity planning. An advanced course in financial engineeringwould include topics on options pricing and portfolio optimization. For those curriculums thatcannot afford three courses, two courses may suffice, but applications must be mixed. Forexample, a discussion of the Black-Scholes model for options pricing should be followed by itsapplication to a real options-based invest/delay/do-not-invest decision for a manufacturing ordistribution facility, followed by alternative forms of

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Ahmad Sarfaraz, California State University-Northridge; Tarek Shraibati, California State University-Northridge

Tagged Divisions

Engineering Economy

concepts, to usingthose concepts in real-life problem solving situations, to analyzing under what conditions thoseconcepts apply (or do not apply), and ultimately to making decisions.Based on the findings of the National Survey of Student Engagement (NSSE) 2, it is now widelyaccepted that increasing student engagement is a critical role of engineering educators in oursociety. This study stresses that student engagement should not be addressed in just a singlecourse in a student’s academic career, but rather it should become the pattern of his or herinvolvement in a variety of activities. It is believed engineering colleges have a vital role toimplement effective strategies to increase engagement of students in learning. National expertshave also

Conference Session

Engineering Economy Division Technical Session 2

Collection

2017 ASEE Annual Conference & Exposition

Authors

Isaac W Wait, Marshall University; Sameh M. El-Sayegh, American University of Sharjah; Salwa Mamoun Beheiry, The American University of Sharjah

Tagged Divisions

Engineering Economy

American University of Sharjah. He holds a Ph.D. in Construction Engineering and Project Management from Texas A&M University, USA, and an M.S. in Construction Management from Texas A&M University, USA. He is a certified Project Management Professional (PMP) from the Project Management Institute (PMI) since 2006. Prior to his academic career, he worked in the construction industry in Greece & Yemen with Consolidated Contractors Company (CCC) and in the US with the Morganti Group Inc. His areas of research and teaching interest are construction & project management, project control and construction contracting. He published over forty research papers in international reputed project management journals

Conference Session

Engineering Economy Division Technical Session 3

Collection

2016 ASEE Annual Conference & Exposition

Authors

Corey Kiassat, PhD, MBA, PE P.E., Quinnipiac University; Xiaoyue Jiang, Quinnipiac University

Tagged Topics

ASEE Diversity Committee

Tagged Divisions

Engineering Economy

suggeststhat practice of leadership would grow in proportions as their careers advance3. Graham (2009)showed that leadership education is still a relatively new and under-resourced field4. Ahn et al.(2014) suggest that one of the reasons for the disproportion in leadership education lies in theshortage of research5.Leadership can be generally thought of as the combination of the following skills: management,team building, and creativity6. Wilding et al. (2012) attempt to arrive at a working definition ofleadership specifically for engineering education purposes by conducting and analyzing surveyswith a group of professional and industrial leaders on their Industrial Advisory Board7. A list of12 leadership traits is identified which encompasses

Conference Session

Engineering Management Applications

Collection

2012 ASEE Annual Conference & Exposition

Authors

Gene Dixon, East Carolina University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

obtain a bachelor’s degree do not permit expandingcore or concentration curriculum. Leadership topics are covered in certain engineering electivessuch as the course covering entrepreneurship. With faculty workloads and contact hours beingabove norms, the department prefers implementing leadership topics within existing courses thatdiscuss interpersonal relations, teamwork and what are commonly called the “soft” skills.As part of the department’s continuous improvement and in an effort to provide students withtools to aid their transitions from campus to career, the department is in the early stages ofdeveloping an electronic portfolio (e-portfolio) system of capturing student reflections oflearning progress throughout their academic studies. E

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Paul J. Kauffmann P.E., East Carolina University; Joseph Wilck IV, East Carolina University

Tagged Divisions

Engineering Economy

Paper ID #8513Relationship of Final Grade and Use of On Line Course Materials for an En-gineering Economics CourseDr. Paul J. Kauffmann P.E., East Carolina University Paul J. Kauffmann is a professor in the Department of Engineering at East Carolina University. His industrial career included positions as Plant Manager and Engineering Director. Dr. Kauffmann received a BS degree in Electrical Engineering and MENG in Mechanical Engineering from Virginia Tech. He received his Ph.D. in Industrial Engineering from Penn State and is a registered Professional Engineer in Virginia and North Carolina.Dr. Joseph Wilck IV, East

Conference Session

Engineering Economy Division Technical Session

Collection

2013 ASEE Annual Conference & Exposition

Authors

Lizabeth T Schlemer, California Polytechnic State University

Tagged Divisions

Engineering Economy

that will calculate some particular “right” value, but to develop a model that is useful forboth understanding how the market views a company and to perform what-if analysis todetermine the effect of company strategies or economic news on the stock price. For instance themodel we built in the late 1980’s allowed us to calculate the effect that a “poison pill” take-overdefense (Cody, 2011) would have on Unocal’s stock price. This same model was used todetermine the change in the stock price with various methods of refinancing the large debtincurred after the defense. For the students developing the model it can give them insight into thecompany. These insights can be useful as students make career decisions.Advanced engineering economy

Conference Session

Improving course effectiveness

Collection

2013 ASEE Annual Conference & Exposition

Authors

Gregory L. Wiles P.E., Southern Polytechnic State University; Thomas Reid Ball, Southern Polytechnic State University (ENG)

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

, to division management.Mr. Thomas Reid Ball, Southern Polytechnic State University (ENG) Thomas R. Ball joined Southern Polytechnic State University’s Industrial Engineering Technology De- partment in 2004 and currently serves as the Department Chair. Before joining SPSU, Professor Ball held senior-level management positions throughout much of his 30-year career in manufacturing, operations and distribution. He has served as chair of the American Apparel Manufacturers Association’s Apparel Research Committee, and is a member of the Southern Chapter of the International Association of Cloth- ing Designers and Executives. Professor Ball also holds the position of W. Clair Harris Endowed Chair. His academic

Conference Session

Industrial Engineering Division Tech Session 2, IE-ing the Classroom

Collection

2017 ASEE Annual Conference & Exposition

Authors

Dia St. John, University of Arkansas; Eric Specking, University of Arkansas

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

implemented in a middle school classroom in order to focus onproblem solving. On-campus recruitment events offer more freedom in determining activityoutcomes and are typically more broadly focused on introducing students to engineeringdisciplines and careers. It is important that each event is aimed at the prescribed goals.The location and time frame of the event are important to consider for logistical purposes.Consider the amount of mess an activity will produce as well as the space and setup requirementswhen matching it with the appropriate facility.[5] These factors are also important to considerwhen determining the time requirements for a project, including setup and cleanup. The timingof an activity is a very delicate balance. It is important

Conference Session

Engineering Economy Division Technical Session 1

Collection

2016 ASEE Annual Conference & Exposition

Authors

Paul C. Lynch, Penn State University Erie, The Behrend College; Joseph Wilck, United States Air Force Academy; Omar Ashour, Pennsylvania State University Erie, The Behrend College

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

members expressed apressing need for students to be exposed to business planning, financial statements and financialratio analysis with special emphasis on understanding how engineering project decisions impactcompany financial statements1.Shortly after the initial work was carried out to incorporate changes in the engineering economycourse to address the key concerns of the advisory boards, the Penn State University Presidentcalled upon faculty members to put special emphasis on developing business skills in allstudents. The university president called upon the faculty to “Invent Penn State: Let’s turndiscoveries into a great economy, together.”2 The president put forth a $30 million investmentin economic development and student career success