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

International Science and Technology Award. Dr. Salado holds a BSc/MSc in electrical engineering from Polytechnic University of Valencia, an MSc in project management and a MSc in electronics engineering from Polytechnic University of Catalonia, the SpaceTech MEng in space systems engineering from Delft University of Technology, and a PhD in systems engineering from the Stevens Institute of Technology. He is a member of INCOSE and a senior member of IEEE and IIE. c American Society for Engineering Education, 2017 Industrial Engineering beyond Numbers: Optimizing under EthicsAbstractOptimization is a major component of industrial engineering. Simplistically (and naively), theeducation of industrial

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

the changing global landscape.Bibliography[1] M. L. Tucker, N. L. Gullekson and J. McCambridge, "Assurance of learning in short-term, study abroad programs," Research in Higher Education Journal, 2011.[2] P. Chow and R. Bhandari, "Trends in Science and Technology Study Abroad," Meeting America's Global Education Challenge, 2009.[3] N. L. Shadowen, L. P. Chieffo and N. G. Guerra, "The Global Engagement Meaurement Scale (GEMS): A New Scale for Assessing the Impact of Education Abroad and Campus Internationalization," Frontiers: The Interdisciplinary Journal of Study Abroad, pp. 231-246, 2015.[4] J. E. Olson and K. Lalley, "Evaluating a Short-Term, First Year Study Abroad Program for Business and Engineering Undergraduates

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Joseph Hartman, Lehigh University

Tagged Divisions

Engineering Economy

2006-1906: TESTING THE “ART” OF ENGINEERING ECONOMICDECISION-MAKINGJoseph 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. He is an active member of ASEE, IIE, and INFORMS and currently serves as Editor of The Engineering Economist

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

Paper ID #11345Evolution of a Flipped Engineering Economy CourseDr. Jerome P. Lavelle, North Carolina State University Jerome P. Lavelle is Associate Dean of Academic Affairs in the College of Engineering at North Carolina State University. His teaching and research interests are in the areas of engineering economic analysis, decision analysis, project management, leadership, engineering management and engineering education.Dr. Matthew T. Stimpson, North Carolina State UniversityDr. E. Downey Brill, North Carolina State University Professor of Civil and Environmental Engineering, NCState

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

2006-1314: A DISTANCE EDUCATION GRADUATE COURSE IN ENGINEERINGECONOMICS: RESULTS AND LESSONS LEARNEDLeslie Pagliari, East Carolina University Leslie R. Pagliari is an Assistant Professor and Program Coordinator of the Distribution and Logistics Program at East Carolina University. She received her PhD in Engineering Management and her MS degree in Technology Systems with specialization in Occupational Safety. She has industry experience with Procter and Gamble and has consulted in various areas such as safety in the workplace, distribution and warehousing issues, and effective supply chain strategies.Gene Dixon, East Carolina University Gene Dixon is an Assistant Professor and Director of

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

Simulation techniques to Supply Chain & Operations Management prob- lems, and has also conducted research in the areas of Human Factors and Work Design for evaluating time and motion efficiencies of operations. Jim also holds an undergraduate IE degree and a Six Sigma Green- belt. Prior to joining the faculty at Western Michigan, Jim was an Assistant Professor for the Industrial Engineering Technology program at Purdue Polytechnic Institute.Dr. Bob White P.E., Western Michigan University Bob White has a Ph.D. in Engineering Valuation from Iowa State University (1980). He is currently a professor of Industrial and Entrepreneurial Engineering & Engineering Management at Western Michigan University. His interests

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

appropriate due to the advancedmathematics and science requirements for the courses. However, the argument of this paper isthat the current topical coverage of an engineering economics course satisfies the requirementsfor social and/or behavioral sciences recognition because it provides necessary skills inquantitative and financial literacy with respect to decision making. This argument follows thepatterns and urgencies for increasing K-12 standards in mathematics in support of a thrivingfuture science, technology, engineering, and mathematics (STEM) workforce.Other key arguments of note:  Economic and social progress is an outcome of engineering change and application. It is estimated that 75-88% of all wealth creation is attributed to the

Conference Session

Methods, Cases, and Directions

Collection

2012 ASEE Annual Conference & Exposition

Authors

Pil-Won On, University of Missouri, Columbia; Luis Occena, University of Missouri

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

AC 2012-5133: INSTRUCTOR’S PERSPECTIVES OF TRANSFORMINGA TRADITIONAL ENGINEERING ECONOMICS COURSE INTO A FULLYONLINE DELIVERYMs. Pil-Won On, University of Missouri, Columbia Pil-Won On is am Instructional Designer/E-learning Specialist at the College of Engineering, University of Missouri, Columbia. On holds an M.S. in instructional systems technology from Indiana University, Bloomington.Dr. Luis Occena, University of Missouri, Columbia Page 25.787.1 c American Society for Engineering Education, 2012 Instructor’s Perspectives of Transforming a Traditional Engineering

Conference Session

Assessment and Accreditation in Engineering Management

Collection

2012 ASEE Annual Conference & Exposition

Authors

Amy K. Zander, Clarkson University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

Industrial Engineering and IndustrialNorth Dakota State University 1971 Management Engineering Industrial and Management IndustrialRensselaer Polytechnic Institute 1978 Engineering EngineeringMissouri University of Science Engineering Management 1979 & Technology U.S. Military Academy Engineering Management 1985Stevens Institute of Technology Engineering Management 1990 University of Arizona Engineering

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

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Billy Gray, Tarleton State University; Gloria Margarita Fragoso-Diaz, Tarleton State University ; Erick Jones, University of Texas, Arlington

Tagged Divisions

Engineering Economy

Paper ID #10157The Use of Videos as a Tool to Reinforce Engineering Economy Course Top-ics: Lessons LearnedMr. Billy Gray, Tarleton State University Billy Gray earned his B.S. in manufacturing engineering technology from Tarleton State University, Stephenville, Texas, in 2001 and his M.S. in systems and engineering management from Texas Tech University, Lubbock, Texas, in 2006. He is currently pursuing his PhD in industrial engineering at the University of Texas at Arlington. He has 10 years of work experience in manufacturing, operations, and engineering management and is currently an assistant professor at Tarleton State

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

-campus companion course sequencewith similar learning objectives was conceived that can reach a greater numbers of students. Apilot version of the course, Global Business Communication (GBC), was offered for the firsttime during fall 2006. The second course in the sequence, Technology Entrepreneurship, is anew course offered through Baylor’s Business School, in which adequately prepared businessstudents may also enroll.Like the abroad course, the on-campus GBC course must substitute for existing courses in theECS curriculum. Engineering Economic Analysis is one of the possible course substitutions.Baylor engineering seniors perform on the Fundamentals of Engineering exam at a near 100%pass rate. Because of the prominence of engineering economy

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 design toproduce solutions that meet specified needs with consideration of public health, safety, andwelfare, as well as global, cultural, social, environmental, and economic factors”) and 4 (“anability to recognize ethical and professional responsibilities in engineering situations and makeinformed judgments, which must consider the impact of engineering solutions in global,economic, environmental, and societal contexts”). These are also strongly emphasized in thiscourse.With respect to technology and modern teaching pedagogies, success in undergraduate teachingrequires an understanding of what works and applying those methods in the classroom.Engineering education research has demonstrated that active learning (which is focused

Conference Session

Curricula Innovations in Engineering Economics

Collection

2015 ASEE Annual Conference & Exposition

Authors

Gloria Margarita Fragoso-Diaz, Tarleton State University; Billy Gray, Tarleton State University; Erick Jones, University of Texas, Arlington

Tagged Divisions

Engineering Economy

Paper ID #13245Enhancing Students’ Learning Experience Using Case StudiesDr. Gloria Margarita Fragoso-Diaz, Tarleton State University Dr. Fragoso-Diaz is Assistant Professor of Engineering Technology at Tarleton State University. She received her Ph.D. in Industrial Engineering and Master’s degree in Industrial Engineering from New Mexico State University. Dr. Fragoso-Diaz research interest include supply chain optimization, quality and sustainability.Mr. 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

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

Engineering Economics and Technical communication in a Multi-Disciplinary. Journal of SMET Education, 9-12 (2001)5. Dahm, K.: Teaching Engineering Economics Using a Web-Based Interactive Simulation. In : The 2003 American Society for Engineering Education annual Conference and Exposition (2003)6. Ben-Zvi, D.: Toward understanding the role of technological tools in statistical learning. Mathematical Thinking and Learning 2, 127-155 (2000)7. Mayer, R., ed.: The Cambridge Handbook of Multimedia Learning. Cambridge University Press, London (2005)8. Zichermann, G., Cunningham, C.: Gamification by Design: Implementing Game Mechanics in Web and Mobile Apps (1st ed.). Sebastopol, California: O'Reilly Media. p. xiv. ISBN 1449315399

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

. Taboada has published more than 30 refereed manuscripts in technical journals, book chap- ters and conference proceedings. Her work has been published in IEEE Transactions on Reliability, Reliability Engineering and System Safety, IIE Transactions, and Quality Technology and Quantitative Management, among others. Taboada is currently serving as an Associate Editor for the International Journal of Performability Engineering, and as an Editorial Board member for the International Journal of Operations Research and Information Systems.Dr. Jose F. Espiritu, University of Texas, El Paso Page 25.73.1

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

Engineering Economy4. Analysis of Instructional and Outcomes Assessment Data5. Analysis of Learning Tools Usage Data6. SummaryA major objective of this paper was to show other instructors that engineering economy can besuccessfully taught as a hybrid course. Along with that was the desire to provide useful detailthat would aid in course development.Part 1 - IntroductionThe author has been using web-related technologies to assist with teaching since 1997. From1997 through Spring 2002 the primary on-line technologies used were internet search engines,course web pages, and email. In Fall 2002 and Winter 2003, WebCT was also incorporated atvarying levels of usage for teaching engineering economy (EGR 403 Asset Allocation inTechnical Decision

Conference Session

Integrating Research

Collection

2012 ASEE Annual Conference & Exposition

Authors

Karen M. Bursic, University of Pittsburgh

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

theclassroom, although they noted that they do tend to slow the pace of the class. Hung11 reportedon the use of clickers to administer quizzes in an introductory manufacturing course and notedthat while there were implementation difficulties (as always with a new teaching technology),students reported positive attitudes towards the clickers and quiz results were encouraging whencompared to data for classes not using the clickers. Papers at the 2010 conference12, 13 alsoreported on the effectiveness of clickers for the classroom environment and no change inlearning outcomes.This paper reports on a study specifically aimed at the use of clickers in an Engineering

Conference Session

Methods, Cases, and Directions

Collection

2012 ASEE Annual Conference & Exposition

Authors

Bidhan C. Roy, University of Wisconsin, Platteville; Osama M. Jadaan, University of Mount Union; Mitchell Dean Cornelius, University of Wisconsin, Platteville

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

wide and fulfills the objective of a wider audience. Besides, it also introduces thestudents towards the initial commercialization of this new technology and the volatility of therelated startup enterprises.This paper describes the initial steps taken to develop the module. We begin with a sectiondescribing the contents of a typical engineering economics course. This is followed by a sectiondescribing the steps taken to develop a module. An essential part of the module will be in Page 25.77.2comprehending financial statements and constructing sample valuation problems and thesubsequent sections describes them.Engineering Economy 101Engineering

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

Francisco Bay Area Rapid Transit district’s 1990’s expansions in the East Bay and SFO Airport at three billion to the New Starts program for the Federal Transit Administration with over a hundred projects and $85 billion in construction value. At the latter, he also acted as source selection board chairman and program COTR for $200 plus million in task order con- tracts for engineering services. Working for the third-largest transit agency in the United States, the Los Angeles County MTA, Michael managed bus vehicle engineering for $1 billion in new acquisitions and post-delivery maintenance support for 2300 vehicles with some of the most complex technology (natural gas engines and embedded systems) in the US transit

Conference Session

Engineering Economy Division Technical Session 1

Collection

2018 ASEE Annual Conference & Exposition

Authors

James Burns, Purdue University, West Lafayette; Bob E. White P.E., Western Michigan University; Azim Houshyar, Western Michigan University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

Paper ID #23300Integrating Ethics in Undergraduate Engineering Economy Courses: An Im-plementation Case Study and Future DirectionsDr. James Burns, Purdue University, West Lafayette Jim Burns, Ph.D. Assistant Professor, Department of Technology Leadership & Innovation Bio: Jim joined the faculty at Purdue Polytechnic in 2015 after completing a Ph.D. in Industrial Engineering from Western Michigan University, and has more than 10 years industry experience in the manufacturing sector in a variety of roles including process engineering, operations management, and technical sales. His area of expertise centers on applying

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

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

Tagged Divisions

Engineering Economy

the ABET assessment methods employed in the face to face sections?  Is the issue of affective learning a concern and what strategies can improve this factor?  What technologies and formats are effective in delivering this course?There are many recent and ongoing studies of engineering economics education within theliterature. For example:  A study was conducted comparing the principles of engineering economics to the principles of engineering mechanics and how students fared when taking one class before the other14.  A discussion of the importance and significance of teaching and course structure of undergraduate engineering economics15, 16.  A discussion of the future of engineering

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Sarah Ryan, Iowa State University; John Jackman, Iowa State University; Rahul Marathe, Iowa State University; Pavlo Antonenko, Iowa State University; Piyamart Kumsaikaew, Iowa State University; Dale Niederhauser, Iowa State University; Craig Ogilvie, Iowa State University

Tagged Divisions

Engineering Economy

engineering problem solving process, computer simulation, web-based immersive learning environments, and data acquisition and control.Rahul Marathe, Iowa State University Rahul Marathe is a post-doc with the department of Industrial & Manufacturing Systems Engineering at Iowa State University with research interests in the theory and applications of stochastic processes. He is an instructor for the engineering economic analysis course involved in implementing the project.Pavlo Antonenko, Iowa State University Pavlo Antonenko is a doctoral candidate in Curriculum and Instructional Technology, and in Human-Computer Interaction at Iowa State University. In this project he is responsible for

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

the processes of soliciting, administering, and managing industry projects thatreinforce academic topics in engineering, technology, manufacturing, project management, lean,and six sigma3-7. Other topics that are reinforced include professionalism (through interactionwith industry), teamwork, and leadership8. Formally, these projects are also often assessed asstudents work to meet the established learning outcomes9.Another benefit of incorporating industry projects within engineering economy courses is thatacademic materials such as course lectures and notes have excellent coverage of projecteconomic analysis, but these academic materials lack the hands-on use of economic analysiswithin a design that a project with industry can provide10. In

Conference Session

Engineering Economy Division Technical 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

techniques to Supply Chain & Operations Management prob- lems, and has also conducted research in the areas of Human Factors and Work Design for evaluating time and motion efficiencies of operations. Jim also holds an undergraduate IE degree and a Six Sigma Green- belt. Prior to joining the faculty at Western Michigan, Jim was an Assistant Professor for the Industrial Engineering Technology program at Purdue Polytechnic Institute.Dr. Bob White P.E., Western Michigan University Bob White has a Ph.D. in Engineering Valuation from Iowa State University (1980). He is currently a professor of Industrial and Entrepreneurial Engineering & Engineering Management at Western Michigan University. His interests include

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

Engineering Economist.william sullivan, Virginia Polytechnic Institute and State University William G. Sullivan is an emeritus professor of Industrial and Systems Engineering at Virginia Polytechnic Institute and State University. He is a two-time recipient of the Eugene L. Grant Award for the best paper in The Engineering Economist. His research interests include justification of advanced manufacturing technologies, the economic principles of engineering design, and activity-based costing applied to the design process. Dr. Sullivan serves as coeditor of the Robotics and CIM Journal (Elsevier, Ltd.) and is a fellow in the Institute of Industrial Engineers. He obtained his Ph.D. in

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

Anchorage. His masters in operations research and his doctorate in industrial engineering are from Stanford University. He is the principal of TGE Consulting, an emeritus professor of engineering management at UAA, and the founding editor emeritus of the Engineering Management Journal. He is the author or co-author of engineering economy texts currently published by Oxford University Press.Joseph Hartman, University of Florida Dr. Joseph C. Hartman, P.E. received his Ph.D. in 1996 and M.S. in 1994 in industrial engineering from the Georgia Institute of Technology and his B.S. in general engineering from the University of Illinois at Urbana-Champaign in 1992. He is a professor in the Department of

Conference Session

Engineering Economy Division Technical Session 1

Collection

2018 ASEE Annual Conference & Exposition

Authors

Ona Egbue, University of South Carolina, Upstate

Tagged Divisions

Engineering Economy

Paper ID #22865Incorporating Active Learning Strategies into an Engineering Economics CourseDr. Ona Egbue, University of South Carolina, Upstate Ona Egbue is an assistant professor in the Division of Natural Sciences and Engineering at the University of South Carolina Upstate. She holds a Ph.D. in Engineering Management from Missouri University of Science and Technology, a Master’s degree in Earth and Environmental Resource Management from the University of South Carolina and a Bachelor of Engineering degree in Electrical/Electronics Engineer- ing from Nnamdi Azikiwe University, Nigeria. Her research interests include

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

the course.Background and Motivation for the Case Study“The importance and relevance of engineering economic analyses is always emphasized whenstudents discuss their projects with practicing engineers. Without this interaction studentssometimes consider economics to be irrelevant to design – a subject for business students,” anobservation by Archibald, Reuber, and Allison1. Engineering education literature hascontinuously shown that projects with industry can be helpful for undergraduate and graduatestudents, even the processes of soliciting, administering, and managing industry projects thatreinforce academic topics in engineering, technology, manufacturing, project management, lean,and six sigma2-6. Ancillary topics that are reinforced