Conference Session

Instructional Design

Collection

2012 ASEE Annual Conference & Exposition

Authors

John H. Ristroph, University of Louisiana, Lafayette

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

is needed to determine whichtopics need to be included within a curriculum.Role of the ASEE and Its DivisionsThe NCEES is the de facto arbiter of the relevance of fundamental engineering topics by virtueof the FEE. Similarly, the Accreditation Board for Engineering and Technology (ABET) hashistorically influenced determination of the relevancy of engineering topics. The ASEE and its Page 25.1094.2 1divisions serve as a forum in which engineering educators interact, and it has provided input tothe NCESS and ABET, but more can be done.The ASEE is ideally situated to serve as a clearinghouse for

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

Improving IE Course Content

Collection

2012 ASEE Annual Conference & Exposition

Authors

Victoria C. P. Chen, University of Texas, Arlington; K.J. Rogers, University of Texas, Arlington; Andrea M. Graham, University of Texas, Arlington; John F. Dickson, University of Texas, Arlington; Stephen P. Mattingly, University of Texas, Arlington; Melanie L. Sattler, University of Texas, Arlington; Yvette Pearson Weatherton, University of Texas, Arlington

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

. “Adding Sustainability to the Engineer’s Toolbox: A Challenge for Engineering Educators.” Environmental Science & Technology, 2007, pp. 4847-48503. Vest, Charles. “Context and Challenge for Twenty-First Century Engineering Education.” Journal of Engineering Education, July 2008, pp. 235-236.4. National Academy of Engineering. The Engineer of 2020: Visions of Engineering in the New Century. National Academies Press, Washington, D.C., 2004.5. Sattler, Melanie; Weatherton, Yvette. “Engineering Sustainable Civil Engineers.” American Society for Engineering Education, 2011 Annual Conference and Exposition, Vancouver, B.C., Canada, June 26-29, 2011.6. Sattler, Melanie; Chen, Victoria; Dennis, Brian H.; Mattingly, Stephen

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

able to understand. A survey by Lavelle, et al.1 displayed that fewerthan half of participants used effective educational practices (i.e. collaborative grouping) whenteaching engineering economics. By promoting a more engaging and holistic learning approach,students can have the opportunity to become better problem solvers.Accordingly, ABET (Accreditation Board for Engineering and Technology) has published strictcourse outcome requirements for accredited programs. It is the intent of this paper to highlightvarious methods of teaching engineering economics to students in ways that maximize learning,as well as emphasize its importance for the modern engineer. Through the vigilantimplementation of various teaching styles, experiential learning

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

AC 2007-1777: FINANCIAL ENGINEERING: THE SAVIOR OR END OFENGINEERING ECONOMY?Joseph Hartman, Lehigh University Joseph C. Hartman is an Associate Professor in the Department of Industrial and Systems Engineering at Lehigh University, holds the George Kledaras Endowed Chair, and serves as Department Chair. He received his Ph.D. (1996) and M.S. (1994) in Industrial Engineering from the Georgia Institute of Technology and B.S. in General Engineering from the University of Illinois at Urbana-Champaign (1992). His research interests are in economic decisions analysis and dynamic programming. His undergraduate textbook, "Engineering Economy and the Decision-Making Process," was released in the

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

. Ashour received the B.S. degree in Industrial Engineering/Manufacturing Engi- neering and the M.S. degree in Industrial Engineering from Jordan University of Science and Technology (JUST) in 2005 and 2007, respectively. He received his M.Eng. degree in Industrial Engineering/Human Factors and Ergonomics and the Ph.D. degree in Industrial Engineering and Operations Research from Pennsylvania State University (PSU) in 2010 and 2012, respectively. Dr. Ashour’s research areas include applied decision making and simulation. He contributed to research directed to improve engineering education. c American Society for Engineering Education, 2016 Engineering Economy: The Crossroads of Business

Conference Session

Engineering Economy -- Outside the Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

William Peterson, Arizona State University

Tagged Divisions

Engineering Economy

involved in project analysisand justifications since graduating with a BIE degree in 1970. Since 1993, the author has beenteaching engineering economy on a regular basis in a variety of programs and for a variety ofaudiences at both the undergraduate and graduate level. During this time the author of this paperlist 58 different courses on his cv in programs as diverse as industrial engineering, engineeringmanagement, manufacturing engineering, industrial management, and technology management.During the past thirteen years, the author has regularly attended the annual ASEE conferencesand attended countless sessions. These sessions have been eye-opening and thought provokingand well worth the time to attend. At the same time it has educated this

Conference Session

New Topics in Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

John Ristroph, University of Louisiana-Lafayette

Tagged Divisions

Engineering Economy

2006-755: AN ALTERNATIVE PARADIGM FOR ENGINEERING HOMEWORK:THE CASE OF ENGINEERING ECONOMICSJohn Ristroph, University of Louisiana-Lafayette JOHN H. RISTROPH is jointly appointed as a professor of Engineering and Technology Management and as a professor of Economics and Finance at the University of Louisiana at Lafayette. His doctorate is in industrial engineering and operations research, and his non-academic experience includes service to the Louisiana Department of Natural Resources first as Head of Economics and Statistics and then as Director of Policy and Planning. Page 11.171.1© American

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

Paper ID #31339Engineering Economy Taught Across Engineering Disciplines: Work inProgressDr. Brian Aufderheide , Hampton University Dr. Brian Aufderheide is Chairperson in Chemical Engineering at Hampton University. He completed his PhD in Chemical Engineering at Rensselaer Polytechnic Institute. His areas of expertise are in advanced control, design, and modeling of biomedical, chemical, and biological processes. He has consulted for both medical device and biotechnology companies. He was sole engineer and QC supervisor of a 40MM lb/yr custom extrusion company. He has over 15 years of experience in education developing over

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 -- Outside the Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

Neal Lewis, University of Bridgeport; Ted Eschenbach, TGE Consulting

Tagged Divisions

Engineering Economy

options, mostcame from technology, energy, and utilities. Block also identified four major reasons for notusing real options. 1. Lack of top management support. Managers are not willing to make decisions based on techniques they do not fully understand. 2. Discounted cash flow is a proven method. The heavily favored methods in the literature are discounted cash flow techniques (NPV and IRR). 3. Real options require a high degree of sophistication. Real options tend to be used in industries where upper management tends to have engineering or technology backgrounds. 4. Real options tend to encourage excessive risk-taking. While NPV may underestimate project value, CFOs tend to believe that real options

Conference Session

Engineering Economy Division Technical Session 1

Collection

2016 ASEE Annual Conference & Exposition

Authors

Wolter J. Fabrycky P.E., Virginia Tech

Tagged Divisions

Engineering Economy

synthesis of knowledge. This has occurred not only within science, but betweenscience and technology and between science and the humanities. The forward progress ofsystemology in the study of large-scale complex systems requires a synthesis of science and thehumanities in addition to a synthesis of science and technology.When synthesizing human-made systems, unintended effects can be minimized and the naturalsystem can sometimes be improved by engineering the larger human-modified system instead ofengineering only the human-made. If system evaluation is applied beyond the human-made, thenthe boundary of the target system (meant to include both natural and human-made systems) shouldbe adopted as the boundary of the human-modified domain.Systems

Conference Session

Advances in Engineering Economy Pedagogy

Collection

2009 Annual Conference & Exposition

Authors

John Ristroph, University of Louisiana, Lafayette

Tagged Divisions

Engineering Economy

economics courses of important topics such as cash flow es-timation, as well as benefiting students who only receive an introductory treatment within otherengineering courses.IntroductionThe teaching of engineering has evolved over time, and today’s students are expected to have anunderstanding of the phenomena that they model and the means to evaluate those models. Somecalculations can be done quickly on a calculator, whereas others, such as least squares curve fit-ting, typically are done on a computer. In fact, some topics might not be taught at all if computa-tional aides were not available, such as optimization or finite differences. This paper examinesthe evolution of engineering economics and technology-driven opportunities for

Conference Session

Engineering Economy Education

Collection

2011 ASEE Annual Conference & Exposition

Authors

Gillian M. Nicholls, University of Alabama, Huntsville; Neal Lewis, University of Bridgeport; Paul J. Componation, University of Alabama, Huntsville; Ted Eschenbach, University of Alaska, Anchorage

Tagged Divisions

Engineering Economy

easilyanalyze complicated problems while reducing the potential for errors. Using financialcalculators allows students to focus on analyzing the problem rather than completing tediouscalculations.Clickers encourage students to be more engaged in class and allow instructors to efficientlyobtain feedback from the class at regular intervals. Rather than relying on experience andintuition to judge how well students are grasping the concepts, instructors can quickly determineif a sufficient majority of the class is ready to proceed or whether another example problem isneeded. This is a powerful tool for engineering economy where complex concepts can stymiestudents that normally excel in quantitative analysis.Using the two technologies together is

Conference Session

Engineering Economy Education

Collection

2011 ASEE Annual Conference & Exposition

Authors

Louis Reifschneider, Illinois State University

Tagged Divisions

Engineering Economy

AC 2011-496: RESIDENTIAL RENEWABLE ENERGY SOURCES CASESTUDIES OF RETURN ON INVESTMENTLouis Reifschneider, Illinois State University Associate Professor Registered Professional Engineer Research interests include product design, net- shape manufacturing, and sustainable technology. Page 22.1245.1 c American Society for Engineering Education, 2011 Residential Renewable Energy Sources Case Studies of Return on InvestmentRenewable energy is a popular topic today because of concern over rising energy costs. Federaltax credits for renewable energy

Conference Session

Engineering Economy Education

Collection

2011 ASEE Annual Conference & Exposition

Authors

Heather Nachtmann, University of Arkansas; Kim LaScola Needy, University of Arkansas; Emily M. Evans, University of Arkansas

Tagged Divisions

Engineering Economy

course? Please check all types of questions you ask on you exams: Please check all types of technology that you incorporate in your Engineering Economy course: Please check all of the following teaching methods that you use in your Engineering Economy course: Figure 1: Quantitative Survey Questions.    Page 22.58.3Survey Results for Instruction The survey results from the Instruction section give an indication of who is teaching theEngineering Economy course across U.S. classrooms. According to the participants’ responsesto the highest degree they have

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

AC 2012-2965: EMBEDDING LEADERSHIP TOPICS IN THE ENGINEER-ING CURRICULUMDr. Gene Dixon, East Carolina University Gene Dixon teaches aspiring engineers at the undergraduate level at East Carolina University. He has held positions in industry with Union Carbide, Chicago Bridge & Iron, E.I. DuPont & deNemours, West- inghouse Electric, CBS, Viacom, and Washington Group. He has spoken to more than 25,000 people as a corporate trainer, a teacher, and a motivational speaker. He received a Ph.D. in industrial and sys- tems engineering and engineering management from the University of Alabama in Huntsville, a master’s of business administration from Nova Southeastern University, and a bachelor’s of science in

Conference Session

Engineering Economy Division Technical Session 2

Collection

2016 ASEE Annual Conference & Exposition

Authors

Jerome P. Lavelle, North Carolina State University

Tagged Divisions

Engineering Economy

Engineering Higher Education  Jerome P. Lavelle, Ph.D. College of Engineering, NC State University  Abstract: This paper describes a new proposed model and way of thinking about the process of assessing and evaluating engineering higher education programs for accreditation, and the way that data is used and shared. Proposed is a new construct for formatting and using data collected on the program self study report. In addition, it is suggested that now, 20 years after EC2000 was first designed, it is time to re-design, re-configure and re-engineer our current accreditation processes in light of new technologies and all that we’ve learned in these

Conference Session

Engineering Economy Division Technical Session

Collection

2013 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

comprehension focus on the process by which people buildmental representations from words and pictures. Our design of the smartphone apps will follow Page 23.419.3the instructional design principles derived from the cognitive load theories. Technology used for teaching Engineering Economics: Since personal computers becameavailable in homes and schools, development in educational technology has progressed at anaccelerated pace7. The types of technology that are now being used in Engineering Economicsinstruction fall into one or more of the following categories: 1) Specialized financial calculators8;2) Spreadsheets (MS Excel); 3) Instructional

Conference Session

Advances in Engineering Economy Pedagogy

Collection

2010 Annual Conference & Exposition

Authors

Emily Evans, University of Arkansas; Heather Nachtmann, University of Arkansas; Kim Needy, University of Arkansas

Tagged Divisions

Engineering Economy

and investigated: 1) the faculty that teach it, 2) the coursecontent and mechanics itself, and 3) the students that take the course. We are currentlyembarking on a follow-up data collection effort to conduct a longitudinal analysis of this priorstudy. This survey paper presents a review of the most relevant literature published since thissurvey. The pedagogy highlighted in this paper includes problems with current teachingmethods, modern technological advances in the engineering economy classroom, and newapproaches to enhance the classroom experience. These findings support our long term goal ofimproving engineering economy pedagogy by increasing visibility, enhancing instructorknowledge, and influencing external stakeholders such as

Conference Session

Engineering Economy Division Technical Session 3

Collection

2017 ASEE Annual Conference & Exposition

Authors

Billy Gray, Tarleton State University; Daren Davis, Tarleton State University; Erick C Jones P.E., University of Texas, Arlington

Tagged Divisions

Engineering Economy

Paper ID #18419Integrating Costing into an Engineering Economics CourseDr. Billy Gray, Tarleton State University Billy Gray is an Assistant Professor at Tarleton State University in the Department of Engineering Tech- nology. He holds a PhD in Industrial Engineering from the University of Texas at Arlington, a Master’s degree from Texas Tech University in Systems and Engineering Management and a Bachelor’s degree from Tarleton in Manufacturing Engineering Technology. He has 10 years of work experience in manu- facturing, operations, and engineering management.Mr. Daren Davis, Tarleton State University Daren Davis is an

Conference Session

Frontiers in Engineering Economy

Collection

2010 Annual Conference & Exposition

Authors

Joseph Hartman, University of Florida; Jennifer Smith, University of Florida

Tagged Divisions

Engineering Economy

AC 2010-1113: DEVELOPING AN ONLINE UNDERGRADUATE ENGINEERINGECONOMY COURSEJoseph Hartman, University of Florida Joseph Hartman is Professor and Chair of Industrial and Systems Engineering at the University of Florida. He is a graduate of the University of Illinois and Georgia Institute of Technology and currently serves as Editor of The Engineering Economist.Jennifer Smith, University of Florida Jennifer Smith is an Instructional Designer in the Center for Instructional Technology and Training at the University of Florida. Page 15.383.1© American Society for Engineering Education, 2010

Conference Session

Including Engineering Economy in All Curricula

Collection

2010 Annual Conference & Exposition

Authors

Leland Blank, Texas A&M University

Tagged Divisions

Engineering Economy

technology be used to infuse engineering economics into curricula and courses? ≠ How can engineering economy topics be integrated into existing courses in any BS-level engineering curriculum? ≠ When is a separate course in engineering economy justified?The panel is comprised of individuals with varied backgrounds and different engineeringdisciplines, who come to the discussion with significantly different views of the need andformat of engineering economics in engineering curricula. The panel members include:Dr. Dave Holger ABET, President 2009-2010 Iowa State University: Associate Provost for Academic Affairs Dean, Graduate College

Conference Session

Instructional Design

Collection

2012 ASEE Annual Conference & Exposition

Authors

Naveen Seth, New Community College at CUNY; Donald P. O'Keefe, Farmingdale State College

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

AC 2012-4088: INTEGRATING INNOVATIVE PEDAGOGIES INTO EN-GINEERING ECONOMICS COURSESDr. Naveen Seth, New Community College at CUNY Naveen Seth is a founding faculty member in business at the City University of New York’s New Commu- nity College. He has also taught at Pratt Institute in the Construction Management Program. At Vaughn College of Aeronautics and Technology, he headed the Aviation Management programs and also taught engineering economics in the B.S. program in engineering.Prof. Donald P. O’Keefe, Farmingdale State College Donald P. O’Keefe has 15 years experience teaching at the college level. He taught courses in engineering graphics, quality control, and project management

Conference Session

Engineering Economy Division Technical Session 1

Collection

2018 ASEE Annual Conference & Exposition

Authors

Erick Jones, University of Texas, Arlington; Billy Gray, Tarleton State University

Tagged Divisions

Engineering Economy

Paper ID #23051Using the Education of Engineering Economy to Impact the Reduction of En-gineering Student Loan DebtDr. Erick Jones, University of Texas, Arlington Dr. Erick C. Jones is a Professor in Industrial and Manufacturing Systems and focuses on Internet of things (IoT) RFID technologies, Lean Six Sigma Engineering Economics, and Engineering Management research. As a former Alfred P. Sloan Minority PhD Scholar and Center director he has addressed diversity challenges such as implicit bias and unconscious assumptions throughout his career.Dr. Billy Gray, Tarleton State University Billy Gray is the Department Head and

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

anddeployed to Android devices. A growing trend in recent cross-platform app development is to useHTML5 and JavaScript, which are utilized in this version of app development to obtain auniform interface across different mobile platforms. The major benefit is ‘develop once, deployeverywhere’, which means the same code can be deployed to different platforms with littleefforts. The rest of the paper is organized as follows. Section 2 introduces the history and technologybackground. Section 3 explains our published mobile app, “Engineering Economics Career”.Section 4 concludes the paper and suggests future work. 2. History and Technology Background In Summer 2012, the authors developed the first version of the Engineering Economicsmobile app to

Conference Session

Engineering Economy Division Technical Session 3

Collection

2017 ASEE Annual Conference & Exposition

Authors

Ted Eschenbach, TGE Consulting; Jerome P. Lavelle, North Carolina State University; Neal A Lewis, University of New Haven

Tagged Divisions

Engineering Economy

Technology), and his MBA in 2000 from the University of New Haven. He has over 25 years of industrial experience, having worked at Procter & Gamble and Bayer. He has taught at UMR, UNH, Marshall University, and the University of Bridgeport. Neal is a member of ASEE, ASEM, and IISE. c American Society for Engineering Education, 2017 Personal Finance Coverage in Engineering Economy CoursesAbstractThis paper addresses several questions about using personal finance topics in teachingengineering economics. Should personal finance materials be intentionally designed into anengineering economy course? What topics have been and are included in texts? What could beincluded? What do students think about

Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

Letitia M. Pohl, University of Arkansas; Shelly Walters, University of Arkansas

Tagged Divisions

Engineering Economy

Paper ID #13980Instructional Videos in an Online Engineering Economics CourseDr. Letitia M. Pohl, University of Arkansas Letitia Pohl is a Clinical Assistant Professor in the Department of Industrial Engineering at the University of Arkansas. She holds a Ph.D. in Industrial Engineering from the University of Arkansas, an M.S. in Systems Engineering from the Air Force Institute of Technology, and B.S. in Mechanical Engineering from Tulane University. Dr. Pohl served as an officer in the U.S. Air Force for eight years. At the University of Arkansas, Dr. Pohl has served as the Assistant Director of the Mack-Blackwell Rural

Conference Session

Engineering Economy Division Technical Session 2

Collection

2017 ASEE Annual Conference & Exposition

Authors

Omar Ashour, The Pennsylvania State University, The Behrend College; Faisal Aqlan, Penn State Behrend; Paul C. Lynch, Penn State Erie, The Behrend College

Tagged Divisions

Engineering Economy

Technology in 2005 and 2007, respectively. Dr. Ashour is the first recipient of William and Wendy Korb Early Career Professorships in Industrial Engineering at Penn State Behrend. His research interest mainly includes process improvement, modeling and simulation, and decision making modeling of manufacturing and healthcare systems. He is a member of the Institute of Industrial and Systems Engineers (IISE), Jordanian Engineering Association (JEA), and Society of Industrial Engineering and Operations Management (IEOM). Currently, Dr. Ashour serves as a co-Chair for the Modeling and Simulation track in the 2017 IISE Annual Conference and Expo, a chair for the Sustainable Manufacturing track in the 2016 Detroit IEOM

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

AC 2008-1514: ASSESSING THE TRUE COST OF DELIVERING NANO-HYPEJohn Robertson, Arizona State University John Robertson is a Professor in the Electronic Systems Department at Arizona State University Polytechnic. He was formerly an executive with Motorola and now participates in many senior technical training programs with the JACMET consortium.Michael Kozicki, Arizona State University Michael Kozicki is a Professor in the Electrical Engineering Department at ASU. His interests center on development of new non-volatile memory structures. He holds a number of key patents in this emerging area of nano-technology and has spun-off two companies.Slobodan Petrovic, Arizona State University