Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

universities are seriously debated in this literature.Key in general to our current work is the question of whether student perception relates tostudent learning. A common term in this literature is “constructive alignment”10 which describesthe concept that the curriculum is designed so that the learning and assessment are aligned. Ifthis is effectively accomplished, students in turn attain the goals intended for the course. In thisview, students are responsible for their own learning and the expectation is that there isconsistency between student perceptions of learning and the actual results. Kunh and Rundle-Thiel11 are an example of a study built on this premise and they found student perception oflearning was correlated with actual student

Conference Session

Student Development and Assessment in IE Programs

Collection

2012 ASEE Annual Conference & Exposition

Authors

Terri M. Lynch-Caris, Kettering University; Jonathan Weaver, University of Detroit Mercy; Darrell K. Kleinke, University of Detroit Mercy

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

disorders, workplace layout, safety and health.The Industrial Engineering student typically takes at least one introductory course in ergonomicsas part of their undergraduate curriculum. Thus, work integrated learning is a natural fit due tothe presence of workplace features and discussions that necessarily happen in this type of class.Innovation is necessary as new workplaces and equipment are brought into the workplace withincreasing speed and complexity. Biomimicry seemed like an interesting application forphysical ergonomics problems since nature faces and adapts to numerous environmentalconditions and potential hazards.Bringing it All TogetherThese four fragmented topics – PBL, Innovation, Biomimicry and Ergonomics – are broughttogether in the

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

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Zia A. Yamayee, University of Portland; Mojtaba B. Takallou P.E., University of Portland; Robert J. Albright P.E., University of Portland

Tagged Divisions

Engineering Economy

technologies with power systems, probabilistic production simulations, and integrated resource planning. In recent years, he has authored a number of ar- ticles and has given numerous presentations on outcomes-based engineering curriculum development and the implementation of the ABET Criteria for Accrediting Engineering Programs. He has authored and/or co-authored over 45 articles, a textbook which has been translated into Chinese, 22 technical reports, 12 summary papers, and 15 discussions and reviews. His professional experience includes: (1) over 32 years of university administration, teaching, consulting and research, and (2) five years of full-time work in industry.Dr. Mojtaba B. Takallou P.E., University of Portland

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

) is a preferred teaching method in many situations.Generally this pedagogy enhances innovation (Lehmann, et al 2008), metacognition (Downing etal, 2008), meaningfulness and thus engagement (Stobral, 1995, Smith et al, 2005, Jiusto &DiBaiasio, 2006), promotes an integrated curriculum (Froyd & Ohland, 2005, Coyle et al, 2006),encourages design thinking (Dym et al, 2005), and is creative and interesting for the instructor.The PBL pedagogy uses an open-ended ambiguous problem or project to provide context forstudent’s inductive reasoning. In project based learning the project is usually larger than inproblem based learning, spanning a week or more in instructional time. Often a large project, ifcorrectly selected, can also match with a

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

from Harvey Mudd College in Claremont, California in May 2002 with a B.S. in engineering. She is working at Honeywell International, an aerospace and defense manufacturer in El Segundo, CA. Her interests are systems integration and hardware development.Kevin Alley, Southwest Research Institute Kevin J. Alley graduated from Harvey Mudd College in Claremont, California in May 2005 with a B.S. in engineering. He is working at Southwest Research Institute, a nonprofit research institute in San Antonio, Texas. His interests are in business management and law.John Silny, Raytheon John F. Silny graduated from both Harvey Mudd College and Claremont McKenna College in Claremont, California in

Conference Session

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

Collection

2017 ASEE Annual Conference & Exposition

Authors

Nadiye O. Erdil, University of New Haven

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

class in their curriculum sequence. They chose the third formof scaffolding approach, and the results showed that scaffolding (and the other methods theystudied) have an effect on student performance in the class currently taken and in the followingclasses. One of the recommendations of the study was to encourage faculty to use scaffolding intheir classroom instruction. Girgis used scaffolding for teaching the techniques of problemsolving to underrepresented minority students. 9 Using the second approach, he conducted a one-week case study in three sessions with increasing complexity, and structured guidancethroughout the sessions. His study showed notable progress in students’ problem solving skillsand received positive feedback from the

Conference Session

Improving course effectiveness

Collection

2013 ASEE Annual Conference & Exposition

Authors

Abhijit Gosavi, Missouri University of Science & Technology; Jane M. Fraser, Colorado State University, Pueblo

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Problem-Based Learning and Industrial EngineeringAbstractProblem-based learning (PBL), also called inductive learning, is a well-known approach forteaching engineering courses. We undertake a study of concepts that can be taught via PBL,along with an analysis of courses and topics in the industrial engineering (IE) curriculum suitablefor PBL. While in the traditional deductive style of teaching, one usually starts with explanationof principles followed by examples, PBL is primarily characterized by providing examples firstand then generalizing to the underlying principles. A great deal of literature cites evidence ofPBL being more effective than deductive learning. However, PBL also provides numerouschallenges to the instructor – especially to

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

Society for Engineering Education Annual Conference & Exposition, 2002. 4. Gibson, J.D., Brackin, M.P., “Techniques for the Implementation and Administration of Industrial Projects for Engineering Design Courses,” Proceedings of the 1999 American Society for Engineering Education Annual Conference & Exposition, 1999. 5. Noble, J. “An Approach for Engineering Curriculum Integration in Capstone Design Courses,” International Journal of Engineering Education, 14(3), 197-203, 1998. 6. Vila-Parrish, V., Raubenheimer, D., “Integrating Project Management & Lean-Six Sigma Methodologies in an Industrial Engineering Capstone Course,” Proceedings of the 2012 American Society for Engineering Education

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

-appropriate global knowledge. Page 13.502.3A faculty committee was charged with recommending curricular elements for an on-campusexperience to equip ECS students with global and business knowledge while not diminishingother important academic topics. A limiting factor imposed on the committee included addingno additional credits to the curriculum. This caused the committee members to focus onadjusting or modifying courses common among the different ECS majors and that contained ortaught complimentary topics. Because courses in Engineering Economic Analysis, Professionaland Technical Writing, and Technical Speaking satisfied these criteria, they

Conference Session

Innovative IE Curricula

Collection

2013 ASEE Annual Conference & Exposition

Authors

Susan L. Murray, Missouri University of Science & Technology; Terri M. Lynch-Caris, Kettering University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

engineering education. Prior to her academic position, she spent seven years working in industry including two years at NASA’s Kennedy Space Center.Dr. Terri M. Lynch-Caris, Kettering University Terri Lynch-Caris, Ph.D., P.E., is an Associate Professor of Industrial & Manufacturing Engineering (IME) and Director of the Center for Excellence in Teaching and Learning (CETL) at Kettering Uni- versity in Flint, Michigan. She earned her Ph.D. at the University of Michigan, holds an MS Degree from Purdue University and a BS from Kettering University, formerly GMI-Engineering & Management Insti- tute. She teaches courses in Work Design, Ergonomics, Statistics and various other Industrial Engineering classes. Her

Conference Session

Engineering Economy -- The Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

Rajkamal Kesharwani, Virginia Polytechnic Institute and State University; Xiaomeng Chang, Virginia Polytechnic Institute and State University; Janis Terpenny, Virginia Polytechnic Institute and State University; william sullivan, Virginia Polytechnic Institute and State University

Tagged Divisions

Engineering Economy

AC 2008-2956: CONTEXT-BASED PROBLEMS AND EXERCISES FORTEACHING ENGINEERING ECONOMYRajkamal Kesharwani, Virginia Polytechnic Institute and State University Rajkamal Kesharwani is an MS student in the Industrial and Systems Engineering Department at Virginia Tech. His interests include decision making in engineering design and design economics.Xiaomeng Chang, Virginia Polytechnic Institute and State University Xiaomeng Chang is a doctoral student in Industrial and Systems Engineering at Virginia Tech with an expected graduation in May 2008. Her research and teaching interests are primarily focused in the areas of engineering design, integration and knowledge environments.Janis Terpenny, Virginia Polytechnic

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

. Princeton University offers anundergraduate degree through its Operations Research and Financial Engineering department,while Columbia University offers an undergraduate degree in Operations Research: FinancialEngineering.With the growth of these new courses and curriculums in financial engineering, it is believed thatthere has been a decline in the offerings of engineering economy. As noted by Fraser1 nearly allIndustrial Engineering programs required a course in engineering economics. However,offerings outside the departments are not always required. For example, only industrial and civilengineers typically must take engineering economy. At Georgia Tech, non-IE majors take a 2-hour online version with microeconomics. Despite being a section on

Conference Session

Industrial Engineering Division Tech Session 1: IE-ing a Broader Perspective

Collection

2017 ASEE Annual Conference & Exposition

Authors

Alejandro Salado, Virginia Tech

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

educating them in the skills, competences, and toolsnecessary to cope with them, are necessary in the education of every engineer. This paperhighlights the integration of ethics into an existing, traditional industrial engineeringundergraduate course at the senior level. In particular, we show how traditional optimizationassignments can be reformulated to blend mathematics and ethics. Therefore, we do not followthe path of developing an independent, elective course that focuses on ethical issues.Furthermore, integration of ethics is not performed through case studies on which students canreflect on their own experiences. Instead, we embed ethical issues in traditional industrialengineering knowledge. In this way, ethical conflicts reveal themselves

Conference Session

Industrial Engineering Division Tech Session 1: IE-ing a Broader Perspective

Collection

2017 ASEE Annual Conference & Exposition

Authors

Susan O. Schall, SOS Consulting, LLC

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

State University of New York, College at Fredonia, and B.S., M.S., and Ph.D. in Industrial Engineering from Penn State University. She is an ASQ Certified Quality Engineer, an ASQ Certified Manager of Quality/Organizational Excellence, and a Six Sigma Master Black Belt. Susan has been a member of ASEE since graduate school. c American Society for Engineering Education, 2017 Engineering the Accreditation Process The similarities and differences between ABET engineering accreditation criteria(otherwise known as EC-2000) and ISO 9000, the quality assurance standard in industry, havebeen discussed and documented since the initial public review of EC2000.[20] ISO 9000 is

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

Knowledge Creation,” Greenwood Publishing Group, Quorum Books, Westport, CT, p.52, 2002.[3] J. Darrell Gibson, M. Patricia Brackin, “Techniques for the Implementation and Administration of Industrial Projects for Engineering Design Courses,” Proceedings of the 1999 American Society for Engineering Education Annual Conference & Exposition.[4] James Noble, “An Approach for Engineering Curriculum Integration in Capstone Design Courses,” International Journal of Engineering Education, 14(3), 197-203, 1998.[5] Ana Vila-Parrish, Dianne Raubenheimer, “Integrating Project Management & Lean-Six Sigma Methodologies in an Industrial Engineering Capstone Course,” Proceedings of the

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

new curriculum, requires an extensive administrative initiative. Itwould necessitate entering a bureaucratic maze involving obtaining both internal and externalpermissions and approvals which usually take years to complete with no guarantee of finalapproval. Furthermore, budget and funding requirements for such an endeavor makes it veryunrealistic considering the current economic and political conditions of the state, country, andthe world. The second option is less cumbersome and more attractive in lieu of the problemsfaced with the first option. This is the option we have undertaken.Selecting Proper DisciplineThe School of Engineering (SOE) at Morgan State University (MSU) has four degree grantingdepartments; Electrical and Computer

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Jerome P. Lavelle, North Carolina State University; Matthew T. Stimpson, North Carolina State University; E. Downey Brill, North Carolina State University

Tagged Divisions

Engineering Economy

-class contentdelivery—thereby opening up valuable face-to-face class time for substantial formalizedinteraction (peer-to-peer and student-to-instructor). Using this model students access coursecontent through videos (videos, podcasts, audiographs, vodcasts, and/or webinars2) andarchived on-line course materials prior to each class session on their own time.3,4 Active-learning, cooperative learning, collaborative learning and problem-based learning techniques5,6are then used in class to confirm, add-to, clarify, integrate, evaluate, synthesize and assessstudent learning. In this way the traditional model with in-class lectures and out-of-classactivities (homework, etc.) is “flipped” so that content is consumed outside of class andactivity 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

paperdescribes an effort using short readings, which require minimal effort on the part of the studentsor instructor, in class topics that require some effort, and research papers that requireconsiderable effort to complete and grade. The goals of these readings and topics are diverse andinclude building character, encouraging creativity and compassion, and gaining a betterunderstanding of the modern business environment. Appropriate topics can also encouragestudent interest in the subject.References 1. Hartman, J. C., “Engineering Economy: Suggestions to Update a Stagnant Course Curriculum,” ASEE Annual Conference Proceedings, 1998. 2. Evans, E., Nachtman, H., Needy, K.L., “A look into the Engineering Economy Literature”, ASEE Annual

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

Paper ID #16737Systematic Team Formation Leading to Peer Support and Leadership SkillsDevelopmentDr. Corey Kiassat P.E., Quinnipiac University Dr. Corey Kiassat is an Assistant Professor and the Director of Industrial Engineering at Quinnipiac Uni- versity and has a BASc and a PhD degree in Industrial Engineering from the University of Toronto. He has an MBA, majoring in Marketing and International Business, from York University. Corey is a Pro- fessional Engineer and has 11 years of industry experience in manufacturing engineering and operations management with General Motors in USA and Canada. He has also been involved

Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

Jeannette Russ, Union University; Doanh Van, Union University

Tagged Divisions

Engineering Economy

still relatively new EngineeringCriteria 2000 (EC 2000). While no one suggests that the criteria are perfect, we have found thatthey do indeed allow flexibility to “focus on what is learned rather than what is taught,” asABET asserts in its organizational history.1 The use of current events in the engineeringeconomy course has been one of our direct attempts to encourage student learning, but wereadily admit that using current events is not a particularly novel idea. In fact, others haveintroduced more formalized methods of integrating current events throughout the engineeringeconomy course.2 The main contribution of this paper is to demonstrate how this common-senseelement of teaching engineering economy can be implemented, measured, and

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

AC 2012-4100: SUSTAINABLE INDUSTRIAL ENGINEERING MODULESProf. Victoria C. P. Chen, University of Texas, ArlingtonDr. K.J. Rogers, University of Texas, ArlingtonMrs. Andrea M. Graham, University of Texas, Arlington Industrial and Manufacturing Systems Engineering DepartmentJohn F. Dickson, University of Texas, Arlington John Dickson has a bachelor’s degree in mechanical engineering from Anna University, India, a master’s in engineering management from the University of Texas, Arlington, and is pursuing a Ph.D. in sustainable engineering at the University of Texas, Arlington.Prof. Stephen Mattingly, University of Texas, ArlingtonDr. Melanie L. Sattler, University of Texas, Arlington Melanie Sattler serves as an Associate

Conference Session

The Evolution of Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Gerald Thuesen, Georgia Institute of Technology

Tagged Divisions

Engineering Economy

History of the Development of Engineering Economic Representation within A.S.E.EAbstractThe development of the Engineering Economy Division of A.S.E.E. was an outgrowth ofthe technical progress of the field of engineering economics beginning in 1877 with thepublications of Arthur M. Wellington. As these new methodologies were formed, a fewengineering faculty began to realize that this material should be an integral part of theengineering curriculum. This paper traces the formation in 1942 of the IndustrialEngineering Division in the Society for the Promotion of Engineering Education(S.P.E.E., the forerunner of A.S.E.E.) and how these members played a critical role in the1956 formation of the Engineering Economy Division for the

Conference Session

Engineering Economy Course Strategy Panel Session

Collection

2021 ASEE Virtual Annual Conference Content Access

Authors

Michael B. O'Connor P.E., New York University

Tagged Divisions

Engineering Economy

problem.”[12] The method has found “widespread use in engineering…curriculums” [11]. The problem-based learning (PBL) model for this course integratesmathematics, economics, accounting, finance, communications, project management, andengineering technology instruction around a core of industry-related problems. [10] A uniqueaspect of this method is the use of curriculum materials to simulate professional practice andworkplace scenarios. [11] The course material notes that civil engineering (CE) problems requirestudents to grasp two aspects of CE practice, theory and procedure. A student may understandthe theory behind an application like economic equivalence, standard costing, or learning curvesbut applying that theoretical knowledge to solving a

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

0 3 0 28/97% (n=29) 1 2 0 1/3% 2-hr course 0 2 0 1/100% 1-hr course 0 1 0 1/100%  (n=37) Yes No % all hours ET 91.9% 8.1% Summary: These tables look at the Criterion 5: Curriculum credit hour category claimed forthis course. From the dataset, the course ranged from a 1-hour to a 4-hour course, and withineach of these the credits assigned to math & basic science, engineering topics, generaleducation, and other varied. An assignment of 100%5555 ET was most common, showingup in 66% of the 4-hour courses, 97% of the 3-hour courses, and 100% of the 2- and

Conference Session

Improving IE Course Content

Collection

2012 ASEE Annual Conference & Exposition

Authors

Yosef S. Allam, Embry-Riddle Aeronautical University, Daytona Beach; Scott Sink, Ohio State University; Joseph M. Cerrato, Ohio State University; John A. Merrill, Ohio State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

AC 2012-5146: A METRIC-BASED, HANDS-ON QUALITY AND PRODUC-TIVITY IMPROVEMENT SIMULATION INVOLVING LEAN AND SIGMACONCEPTS FOR FIRST-YEAR ENGINEERING LAB STUDENTSDr. Yosef S. Allam, Embry-Riddle Aeronautical University, Daytona Beach Yosef Allam is an Assistant Professor in the Freshman Engineering Department at Embry-Riddle Aero- nautical University. He graduated from the Ohio State University with B.S. and M.S. degrees in industrial and systems engineering and a Ph.D. in engineering education. Allam’s interests are in spatial visualiza- tion, the use of learning management systems for large-sample educational research studies, curriculum development, and fulfilling the needs of an integrated, multi-disciplinary first

Conference Session

Innovative IE Course Content

Collection

2013 ASEE Annual Conference & Exposition

Authors

Connie Gomez, Galveston College; Heidi A. Taboada, University of Texas, El Paso; Jose F. Espiritu, University of Texas, El Paso

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Page 23.1251.1 c American Society for Engineering Education, 2013 To Be Green Or Not To Be Green? Ethical Tools for Sustainability EngineeringAbstractEngineers are increasingly being asked to design products and process that reduce the overallimpact society has on the environment as more people realize the rising need to developsustainable resources and to be responsible when using existing resources. In order to adequatelyprepare students to enter this ever increasing demand for sustainable engineering, students needto have an understanding of the technical needs of society as well as the human component indesign, be it the use of local resources, the lack of surplus

Conference Session

Technology and Equipment to Improve IE Instruction

Collection

2012 ASEE Annual Conference & Exposition

Authors

Douglas H. Timmer, University of Texas, Pan American; Miguel Gonzalez, University of Texas, Pan American; Connie M. Borror, Arizona State University, West; Douglas C. Montgomery, Arizona State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

simulators for labs and healthcare providers together with integrated Logistics support systems for Advanced Cardiac Life Support. One of his current interests is in the area of manufacturing systems for rapid product design and development in international production. An extension of this work is the current effort that established the UTPA Rapid Response Manufactur- ing Center in a consortium of academic institutions, economic development corporations, industry, local, state, and federal governments. This initiative is an integral component of the North American Advanced Manufacturing and Research Initiative (NAAMREI). In addition, he has served and continues to serve in leadership positions in technology based economic

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

AC 2011-1014: A LOOK INTO THE ENGINEERING ECONOMY CLASS-ROOMHeather Nachtmann, University of Arkansas Heather Nachtmann, Ph.D. received her Ph.D. in Industrial Engineering (IE) from the University of Pitts- burgh in 2000. She is currently an Associate Professor of IE at the University of Arkansas and the John L. Imhoff Chair in Industrial Engineering. Dr. Nachtmann serves as the Director of the Mack Blackwell Rural Transportation Center. Her research includes cost estimation modeling, economic and efficiency analyses of transportation and healthcare systems, and engineering economy education. Dr. Nachtmann teaches in the areas of engineering economy and cost analysis. She serves as an Area Editor for The

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Oscar M. Bonilla, Baruch College of the City University of New York; Donald N. Merino P.E., Stevens Institute of Technology (SES)

Tagged Divisions

Engineering Economy

engineering analysis and design that exist in curriculums today.However, the engineering tools and techniques are generally taught with an individual focus andnot on a holistic basis. This paper provides a system approach which integrates the various toolsand techniques and could serve as a practical example in Engineering Design or Capstonecourses.The first section of this paper is an extensive review of relevant literature. This literature surveyskey factors for success or failure in technology commercialization that spans the last two decades.These factors have been classified in four domains (Technical, Economic, Operational, andRegulatory) according to their impact. The next section presents the DFC model and explainshow each of its main