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Displaying results 31 - 60 of 147 in total

Engineering Economics for Freshmen Engineers

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

evaluationsteps and to lead the students through each step, in sequence, and develop the mathematical tools(and thinking process) to complete each step. Although engineering economic analysis forpublic and private projects often employ complicated analytical techniques to buttress thedecision to proceed or to discard them, the underlying principles are easily understood andabsorbed by freshmen.The problem I selected this year was the case of a small municipality (similar to the size andpopulation of the town where the university is located – about 23,000 residents) deciding toreplace its current sodium vapor street lights heads with LED street light heads. The impetus forthis was an article published by a firm (LEOTEK, Light-On Group1) on how to

Relevance Score: 0.020418137

Course Strategy: Low Stakes Assessment Approach to Engineering Economy instruction using Revised Bloom Taxonomy

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

Paper ID #34639Course Strategy: Low Stakes Assessment Approach to Engineering Economyinstruction using Revised Bloom TaxonomyMr. Michael B. O’Connor P.E., New York University Michael O’Connor, Retired Professional Civil Engineer (Maryland and California), M.ASCE, is a mem- ber of the ASCE Committee on Developing Leaders, History and Heritage, Civil Engineering Body of Knowledge (CEBoK), and Engineering Grades. Michael has been a practicing Civil Engineer with over 50 years of engineering, construction, and project management experience split equally between the pub- lic and private sectors. Programs ranged from the San

Relevance Score: 0.020005606

An Integrated Approach to Developing Business Expertise in Industrial Engineering Students

Conference Session: Engineering Economics New Frontiers
Collection: 2015 ASEE Annual Conference & Exposition
Authors: Paul C. Lynch, Pennsylvania State University, University Park; Cynthia Bober, Penn State University; Joseph Wilck, East Carolina University
Tagged Divisions: Engineering Economy

. Page 26.191.1 c American Society for Engineering Education, 2015 An Integrated Approach to Developing Business Expertise in Industrial Engineering StudentsAbstractNow more than ever companies are expecting students graduating from baccalaureateengineering degree programs to have both strong technical problem solving skills and a level ofbusiness expertise. With corporate investment and engineering project funding decisionsbecoming increasingly reliant upon company financial statement and stock price impact, it iscrucial for engineers to have a working knowledge of financial accounting and finance. Thispaper discusses an integrated approach being taken in an industrial engineering

Relevance Score: 0.020005606

Teaching Engineering Economy As A Hybrid Online Course: Tools, Methods, Assessment, And Continuous Improvement

Conference Session: Effective Tools for Teaching Engineering Economy
Collection: 2007 Annual Conference & Exposition
Authors: Phil Rosenkrantz, California State Polytechnic University-Pomona
Tagged Divisions: Engineering Economy

Making). For the 2002-2003 academic year the author was involved with acampus research program call the "Collaborative On-line Learning and Teaching" (COLT)Program. Twelve faculty members who submitted acceptable proposals were part of a campusresearch project to work collaboratively and explore how on-line teaching and learning could beused and whether there could be measurable benefit to the campus community. Results weredocumented and presented to the campus community and to ASEE in 2003. Since 2003 thecourse has been taught several times each year with efforts to incorporate student Page 12.1356.2recommendations and improve course management

Relevance Score: 0.019690538

Engineering Economics International Experience for Community College Students

Conference Session: Engineering Economy Division Technical Session 3
Collection: 2016 ASEE Annual Conference & Exposition
Authors: Paulina Z. Sidwell, McLennan Community College
Tagged Topics: ASEE Diversity Committee, Diversity
Tagged Divisions: Engineering Economy

, given principal, interest rate, and pay period. 5. Perform project evaluation, including cost/benefit analysis. 6. Articulate principles of taxation and depreciation. 7. Perform capital budgeting, cost comparisons, and replacement analyses. 8. Solve problems at a level consistent with expectations of the engineering economics portion of the Fundamentals of Engineering examEngineering is a global and interdisciplinary field. Accreditation boards and engineeringeducation institutions across the board have called for a more well-rounded engineeringeducation, expressing the need for engineers that are better equipped to understand the impact ofthe global economy on engineering solutions, as well as the social and global

Relevance Score: 0.019441955

Using concept inventories to gauge preparedness and assess learning objectives in engineering economy classes

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

Relevance Score: 0.01890746

Engineering Economy: The Crossroads of Business, Engineering, and Entrepreneurship

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

decision to fund an engineering project, merger, acquisition, orto provide venture capital to an entrepreneur comes down to using the basic principles learned inengineering economy. This paper discusses the evolution of an engineering economy curriculumand the birth and success of a business and engineering student group that grew out of theengineering economy course that has grown from six to over 70 active members in just twoyears. All students in the student group completed the engineering economy course assophomore or junior engineering students and have gone on to serve as financial advisers for thecurrent engineering economy students, sponsor company case competitions, and most recentlyserve as consultants in the local community to help

Relevance Score: 0.01871353

Incorporating and Assessing Risk Analysis in Undergraduate Engineering Economy Courses

Conference Session: Methods, Cases, and Directions
Collection: 2012 ASEE Annual Conference & Exposition
Authors: Joseph C. Hartman, University of Florida
Tagged Divisions: Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

thismaterial can be covered in a large-class setting, including how it can be examined. Our datasuggests that spreadsheets must be incorporated into quizzes and or examinations in order toassess student abilities in these areas. Thus, while our teaching has evolved to includespreadsheets, so must our examination procedures.IntroductionCapital investments require analyses by engineers with tools and insight into whether theinvestment is sound. The field of engineering economy provides these tools. In order to make asound decision, a three-phase approach to evaluate the risk of a project is necessary: 1. Identify the risk, or risks, of an investment project. 2. Analyze the identified risk(s) of the project. 3. Assess how the identified risks

Relevance Score: 0.018639125

Developing An Online Undergraduate Engineering Economy Course

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

Developing an Online Undergraduate Engineering Economy CourseAbstractGiven shrinking university budgets, increased enrollments and limited teaching space, a push hasbeen made to develop online courses at the undergraduate level which will allow for large classsections and increase access, both on-campus and remotely. The development of online coursesin engineering at the undergraduate level is new at the University of Florida. We discuss theprocess of developing an online course in engineering economy. We specifically address how toallow for students to interact in groups in an online environment through projects. We alsodiscuss the ability to modularize delivery in order to appeal to different majors in the course,which

Relevance Score: 0.018639125

Cost Estimating Certificates Offered By Professional Societies In The United States And Abroad

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

AC 2007-513: COST ESTIMATING CERTIFICATES OFFERED BYPROFESSIONAL SOCIETIES IN THE UNITED STATES AND ABROADDonald Remer, Harvey Mudd College Donald S. Remer is the Oliver C. Field Professor of Engineering at Harvey Mudd College. He received his BSE at the Univ. of Michigan and his MS and PhD at Caltech. He is a registered professional Engineer in several states. He has presented short courses to thousands of engineers and managers in industry and government in the areas of Project and Engineering Management, Cost Estimation and Economic Evaluation of Projects, and Managing and Estimating Software Projects. He received the Centennial Award from ASEE.Karen Ahle, Raytheon Karen M. Ahle graduated

Relevance Score: 0.018262537

Engineering Economics for MBA Students

Conference Session: Engineering Economy Division Technical Session 1
Collection: 2019 ASEE Annual Conference & Exposition
Authors: Joseph Wilck, College of William & Mary; Paul C. Lynch, Penn State Erie, The Behrend College
Tagged Divisions: Engineering Economy

provide details on an Engineering Economy course offered to apart-time (evening) MBA program at William & Mary. The students included engineers andnon-engineers. All students had taken multiple courses in accounting and finance prior to takingEngineering Economy. Thus, the focus of the course was on relevant applications of engineeringeconomy through journal paper reviews, public media, traditional homework assignments, andthe creation of a Social Security tool. The course was not focused primarily on typical timevalue of money concepts, since those concepts were well known from the finance courses.The course included a project, which was completed in pieces. The project was to build anindividual Social Security tool in Microsoft Excel. The

Relevance Score: 0.018262537

Why Engineering Economy Professors Should Teach Introductory Corporate Finance

Conference Session: Frontiers in Engineering Economy
Collection: 2010 Annual Conference & Exposition
Authors: Ted Eschenbach, TGE Consulting
Tagged Divisions: Engineering Economy

learning from each other. This paper is written from the perspective of an engineeringeconomist with over 30 years of teaching and textbook writing experience, who has recently hadhis world-view shifted by multiple forays into finance classrooms.IntroductionThe time value of money is the foundation of two fields—engineering economy and finance. Yethow those two fields are presented in their introductory course have a surprisingly smallintersection. The basic reason is that engineering economy focuses at the project level, whileintroductory corporate finance focuses at the firm level. But both courses include the firm andproject levels and both include applications of the time value of money to the personal lives ofstudents. This creates the

Relevance Score: 0.017984582

Real Options And The Use Of Discrete And Continuous Interest Rates

Conference Session: Frontiers in Engineering Economy
Collection: 2009 Annual Conference & Exposition
Authors: Neal Lewis, University of Bridgeport; Ted Eschenbach, TGE Consulting; Joseph Hartman, University of Florida
Tagged Divisions: Engineering Economy

call option.Real options analysis is based on the same mathematics, but a new set of definitions: C value of a deferral (or delay) option S0 present value of the future cash flows ф(dx) cumulative standard normal distribution of the variable dx X project cost r risk-free interest rate T time to option expiration σ volatility of the project’s rate of returnUnfortunately, the translation from financial options to real options adds several layers ofambiguity. In determining the present value of the future cash flows (S0), what interest rate andwhat compounding technique should be used? In determining volatility, what method should beused? The answers depend on where you

Relevance Score: 0.017001497

The Importance of Understanding Systemic Risk in Engineering Management Education

Conference Session: Engineering Management Applications
Collection: 2012 ASEE Annual Conference & Exposition
Authors: S. Jimmy Gandhi, Stevens Institute of Technology; Alex Gorod, Visiting Fellow, University of Adelaide
Tagged Divisions: Engineering Economy, Engineering Management, Industrial Engineering

-authoring two books on risk management and case studies in system of systems engineering and is also a member of several professional societies such as ASEM and ASEE, Gandhi is also a Project Manager for the Taproot Foundation.Dr. Alex Gorod, Visiting Fellow, University of Adelaide Alex Gorod received his B.S. in information systems, M.S. in telecommunications from Pace University, and Ph.D. in engineering management from Stevens Institute of Technology. Prior to his graduate studies, he held a research analyst position at Salomon Smith Barney. He is a former Robert Crooks Stanley Doctoral Fellow in engineering management at Stevens Institute of Technology, with research interests in the area of management of complex

Relevance Score: 0.017001497

Design for Commercialization (DFC): A Multi-domain Feasibility Approach for the Diffusion of Renewable Energy Technology

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

enterprise mission critical and capital projects. His research interests are in the field of engineering management and technology transfer, specifically on the economics and commercialization of renewable energy tech- nologies. His intellectual work has been published in international engineering management and systems engineering journals. His professional experience includes more than 10 years of work on industrial automation, dynamic systems control, reliability, six sigma, lean manufacturing, continuous processes improvement, and project and operations management. He obtained a bachelor degree in automation en- gineering from La Salle University in Colombia, a master’s degree in industrial processes’ automation

Relevance Score: 0.016929826

Developing Essential Business and Engineering Skills through Case Competitions

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

industry experience includes work in the fields of marine outfitting; software design and consulting; medical devices; and heavy equipment. Jim held operational positions in production supervision; master scheduling; materials management; and industrial engineer- ing. In an IT capacity, he served as a software engineer; systems analyst; project manager; manager of programming, quality assurance, and architecture; director of IT governance and program management; and director of business service demand management. He leverages his industry experience to enhance classroom learning. In his three-year teaching career at the University of Pittsburgh he has won four ”student choice” teaching awards from undergraduate and

Relevance Score: 0.016587773

The Pedagogy Of Taxes And Tax Purpose Depreciation

Conference Session: Frontiers in Engineering Economy
Collection: 2009 Annual Conference & Exposition
Authors: Robert Lundquist, Ohio State University
Tagged Divisions: Engineering Economy

investment by small businesses.Taxation of Corporate IncomeIn order to do economic analysis of a project using after-tax cash flows one must firstdetermine the before-tax cash flows and the amount of tax paid each year. This caninclude both State and Federal Taxes on income of the corporation. The use of tax tablesis relatively straightforward; it is finding the portion of income that is taxable in any yearthat makes this a complex subject. While it might seem that the calculation should beginwith the before-tax cash flow, not all of that amount, on either the revenue or expenditureside, is treated the same way for tax purposes. Cash flows resulting from the purchase orsale of capital assets must be excluded from the before-tax cash flows to find

Relevance Score: 0.016503783

Testing The “Art” Of Engineering Economic Decision Making

Conference Session: Innovation in Teaching Engineering Economics
Collection: 2006 Annual Conference & Exposition
Authors: Joseph Hartman, Lehigh University
Tagged Divisions: Engineering Economy

factor inengineering education [2].As advocates of problem-based learning, we teach Engineering Economy in a decision-makingcontext [3] such that students understand the entire process of making a capital investmentdecision from defining the problem; to generating solution alternatives; to estimating before andafter-tax cash flows; to evaluating options under certainty, risk, time, multiple alternatives,constraints, and multi-attributes; to post-implementation and project tracking. Furthermore, weutilize numerous media sources to generate realistic problems such that students appreciate itsapplication [4,5]. The goal upon completion of the course, as stated on the syllabus, is that astudent is able to make, and justify, a capital investment

Relevance Score: 0.01633451

Proposing a Framework for Restructuring an Introductory Engineering Management Course for Undergraduates

Conference Session: Pedagogical Advancements in Engineering Management
Collection: 2012 ASEE Annual Conference & Exposition
Authors: Kathryn D. Abel, Stevens Institute of Technology; Anirban Ganguly, Stevens Institute of Technology
Tagged Divisions: Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

-authored more than 25 journal and conference papers, a workbook on the use of Excel in engineering economics, and two book chapters. He is one of the chapter authors for the Engineering Management Handbook. Page 25.1090.1 c American Society for Engineering Education, 2012 PROPOSING A FRAMEWORK FOR RESTRUCTURING AN INTRODUCTORY ENGINEERING MANAGEMENT COURSE FOR UNDERGRADUATESEngineering Management (EM) is concerned with the application of engineering principles to thedomain of business, project and process management. With the varied and expandingemployment opportunities

Relevance Score: 0.01633451

A Hybrid Mastery-Conventional Assessment in Engineering Economy

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

industry projects with Innovation Associates Company and IBM Corporation. His work has resulted in both business value and intellectual property. He has published several papers in reputed journals and conferences. Dr. Aqlan is a senior member of the Institute of Industrial and Systems Engineers (IISE) and has received numerous awards and honors including the IBM Vice President award for innovation excellence.Dr. Paul C. Lynch, Penn State Erie, The Behrend College Paul C. Lynch received his Ph.D., M.S., and B.S. degrees in Industrial Engineering from the Pennsylvania State University. Dr. Lynch is a member of AFS, SME, IISE, and ASEE. Dr. Lynch’s primary research interests are in metal casting, manufacturing systems

Relevance Score: 0.01597972

Enjoyable Instructional Technology Can Enhance Learning

Conference Session: Improving course effectiveness
Collection: 2013 ASEE Annual Conference & Exposition
Authors: Terri M. Lynch-Caris, Kettering University; Mark A. Palmer P.E., Kettering University
Tagged Divisions: Engineering Economy, Engineering Management, Industrial Engineering

found in various classrooms across thecampus: (1) seating and room layout, (2) boards and projection and (3) computers and videocapture. In addition to the survey data, comments were solicited and compiled for continuousimprovement.A total of 75 students, faculty and staff responded to the survey. Within the three categories ofinstructional technology, three survey questions were asked to determine: (1) which technologieswere used, (2) which technologies did individuals enjoy and (3) which technologies didindividuals feel would enhance learning?There were several conclusions resulting from the data analysis including differences betweenfaculty and student preferences. The most interesting result was the compelling relationshipbetween enjoyment

Relevance Score: 0.01581582

Engineering Management within an Undergraduate Bachelor's of Engineering (Honours) Programme

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

thedegree develops the students’ ability to formulate models. Graduates of this programme areable to analyse, predict and monitor engineering systems. The degree also utilises practicalengineering examples and projects so that the students can place their knowledge in context,and includes the study of commercial, managerial and professional topics.The BE graduate must have an in-depth engineering knowledge that allows a fundamentals-based first principles analytical approach to solve complex problems of a wide-ranging orconflicting technical problems and infrequently encountered issues that require abstract Page 25.553.2thinking, originality in

Relevance Score: 0.015639102

Training Industrial Engineering Students as Energy Engineers

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

of Engineering, she develops projects, plans and implements strategies and develops and documents reports, newsletters and proposals. Page 23.1262.1 c American Society for Engineering Education, 2013 Training Industrial Engineering Students as Energy EngineersIntroductionBuildings consume approximately 40% 1 of all energy in the United States. Most buildingsoperate far less efficiently than their potential. In the U.S., industry alone accounts for about 31%of all energy used 8. There are many benefits to making commercial and industrialmanufacturing plants more efficient. One is to

Relevance Score: 0.015639102

Course Strategy: A Little Bit of Everything is Probably Too Much

Conference Session: Engineering Economy Course Strategy Panel Session
Collection: 2021 ASEE Virtual Annual Conference Content Access
Authors: Karen M. Bursic, University of Pittsburgh
Tagged Divisions: Engineering Economy

Engineering as well as engineering computing in the freshman engineering program. Dr. Bursic’s recent research has focused on improving Engineering Education and she has 20 years’ experience and over 20 publications in this area. She has also done research and published work in the areas of Engineering and Project Management. She is a senior member of the Institute of Industrial Engineers and the American Society for Engineering Education (where she has served as the Chair of the Engineering Economy Division) and a registered Professional Engineer in the state of Pennsylvania. American c Society for Engineering Education, 2021 Course Strategy: A Little Bit

Relevance Score: 0.015594609

Engineering Economics and Its Role in the Engineering Curricula

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

, teamwork-intensive activities, and group projects. Numerous studies show the positive influencecollaborative learning had on promoting higher levels of understanding and stronger retention ofmaterial6. As such, practices have been successfully established in engineering economicscourses. One such course is the University of Pennsylvania’s ESE 400/540 – EngineeringEconomics course. In conjunction with the aforementioned studies and ABET requirements, ESE400/540 mandates that the expected outcome is to “be able to work effectively in teams of 4 or 5to perform case study analyses and to present findings in written reports and verbalpresentations” [ABET Program Outcome D]. The professor integrated this by assigning teamcase study projects, whereby