Conference Session

Engineering Economy Division Technical Session 2

Collection

2017 ASEE Annual Conference & Exposition

Authors

Karen M. Bursic, University of Pittsburgh

Tagged Divisions

Engineering Economy

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 Chair of the Engineering Economy Division) and a registered Professional Engineer in the state of Pennsylvania. c American Society for Engineering Education, 2017 Work in Progress – An Engineering Economy Concept InventoryAbstractIt

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

].Unfortunately, the epidemic is expanding into the Engineering fields where debt has beentraditionally minimized by such pursuits as internships, co-ops, and research projects that weresupported by scholarships, fellowship funds, and teaching assistantships. Engineering studentsexpect to make higher incomes than many other majors. That increase in expected earning powermay cause students to take out higher loans than they otherwise would have. MK Consulting [1]defines a 10% rule, that the amount of income that is typically needed for paying off this debtwithin 10 years has been around 10% of the borrowers’ income. Anything above this 10% isdefined as excessive debt [1]. Assuming an average debt of $50,000 at an interest rate of 4% for10 years, these

Conference Session

Improving course effectiveness

Collection

2013 ASEE Annual Conference & Exposition

Authors

Richard L Marcellus, Northern Illinois University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

fifth task requires exercising Bayes' theorem directly or using the box as a tool to aid the calculation.A working design engineer will never encounter a problem where the setting, scaffolding,challenges, and targets are clearly evident. For real problems, structure must be created. Thisinvolves clarifying more than the type of information typically given in traditional textbookproblems. The current conditions and knowledge, the new knowledge needed, the resourcesneeded, the solution method, and the nature of the terminal state must all be defined and clarified.The process may not be orderly all the way through a project, but when the time allotted is almostover, a successful project must produce something that can be clearly displayed

Conference Session

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

Collection

2017 ASEE Annual Conference & Exposition

Authors

Alejandro Salado, Virginia Tech; John Ray Morelock, Virginia Tech; Arash Baghaei Lakeh, Virginia Tech

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Systems Engineering Research and the Fulbright 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.Mr. John Ray Morelock, Virginia Tech John Morelock is a doctoral candidate at Virginia Tech. His research interests include student motivation, game-based learning, and gamified classrooms. He received the NSF

Conference Session

Technology and Equipment to Improve IE Instruction

Collection

2012 ASEE Annual Conference & Exposition

Authors

Leonardo Rivera, Universidad Icesi; Andrés López, Universidad Icesi; Andrés Calderón, Universidad Icesi

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

activities, plans and projects to turn the Strategic Intent into reality.Operations professionals will need to provide company leaders with a clear picture of thecompany’s capabilities in terms of technologies and their innovations. They will need to findchallenges that serve the deployment of the corporate strategies in ways the operation’semployees find interesting and engaging. They will explore new areas of operation andknowledge that take advantage of teamwork and shared technical expertise. They have alsoknowledge of the rhythms and cycles of technological change, which they can apply to decisionsrelated to product innovation.One of the additional resources employed in the class is the analysis and discussion of a videorelated to the

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Gillian M. Nicholls, University of Alabama, Huntsville; Neal A Lewis, University of Bridgeport; Ted Eschenbach P.E., University of Alaska Anchorage

Tagged Divisions

Engineering Economy

” that the crowd goes wild as the victor celebrates thewin while the loser’s corpse is dragged out of the ring. [Students’ eyes snap wide open as theylisten to the play-by-play, getting the idea, and yet perhaps wondering if their instructor is feelingalright.] The next most expensive alternative is sent into the ring, and combat continues until thelast project alternative standing alive is the overall choice. The students laugh, but theyremember the analogy and have better recall of the technique on exams.To illustrate the effects of this technique, results from two similar sections have been compared.The scores for each student in answering an incremental rate of return exam problem wererecorded for both sections. The Spring 2011 section was

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

John Ristroph, University of Louisiana-Lafayette

Tagged Divisions

Engineering Economy

allow users to do everythingbut select insert columns, so students cannot move the check cell away from the answer cell andreplace it with one of their choosing. Making the checked cell both locked and hidden preventsits formula from being seen. If students are permitted to look at the formula to determine the an-swer, then do not make the check cell hidden.Professors can make cheating even more difficult by using random number generators to provideproblems for each student that have the same logical structure, but different parameters. For ex-ample, one student’s problem might have an initial investment of $100,000, whereas another stu-dent’s might have a cost of $103,000 and a slightly different project life. Students still can mimicthe logic

Conference Session

Engineering Economy Division Technical Session 2

Collection

2016 ASEE Annual Conference & Exposition

Authors

Ted Eschenbach P.E., TGE Consulting; Neal A Lewis, University of Bridgeport

Tagged Divisions

Engineering Economy

data blocks when building cash flow tables. These data blocks define the values of allvariables, and then the table is built with formulas that reference data block cells. Figure 4. Newnan Figure B-1, p. 589Park 6th frequently included a graph of project balance/amount owed in introductory TVMspreadsheets (see Figure 5). Figure 5. Park Example 3.8, p. 77  White et al. 6th and White et al. Fundamentals include the highest percentage of spreadsheet inclusion. Both texts also make frequent use of SOLVER and GOAL SEEK, even in the very early chapters, as shown in Figure 6. Figure 6. White Fundamentals Example 2.4 p. 32Coverage of Financial

Conference Session

Engineering Economy Division Technical Session 1

Collection

2018 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

to Anheuser-Busch where she worked for over 27 years. She worked as project manager, engineering manager, utility manager, maintenance manager, and finally as the Resident Engineer managing all technical areas of the facility. During her tenure, the brewery saw dramatic increases in productivity improvement, increased use of automation systems, and significant cost reductions in all areas including utilities where they received the internal award for having the best utility usage reduction for 2014. Since joining Ohio State, Aimee has joined the American Society of Engineering Educators and serves as the Division Chair of the Engineering Economics division.Mehdi Mashayekhi, Ohio State UniversityHannah Meckstroth, Ohio

Conference Session

Student Development and Assessment in IE Programs

Collection

2012 ASEE Annual Conference & Exposition

Authors

Mysore Narayanan, Miami University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

. The 20 characteristics chosen bythe author was based on Deming’s 14 points that pertained to TQM. This was recorded in a spreadsheet form as shown in Appendix B. Theseportfolios can also be graded, evaluated and assessed using a variety of rubrics andassessment tools. The author has previously presented some of these results in a form atthe 114th ASEE Annual Conference in Honolulu, Hawaii (Narayanan 2007). Theauthor plans to generate and utilize a rubric for purposes of holistic assessment. Thisrubric is based on Washington State University’s Critical Thinking Project. This isshown in Appendix D. The 20 characteristics chosen by the author are recorded and incorporated intoan excel spreadsheet for documenting collected data

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

Figure 2 beintegrated and applied iteratively and continuously, guided by these 10 blocks. Figure 4. A morphology for systems engineeringSynthesis. To design is to synthesize, project, and propose what might be for a specific set ofcustomer and stakeholder requirements, often expressed in functional terms (Block 2). Synthesisis the creative process of putting known things and newly developed entities together into moreuseful and new combinations to produce emergent properties. Meeting a need in compliance withcustomer and stakeholder requirements is the objective of design synthesis.The primary elements enabling design synthesis are the design team (Block 3) supported bytraditional and computer-based tools for design

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

incentivized the development of modules, lessons, or class projects that have a clearhumanities-based learning objective and have the potential to reach many students. The moduledescribed here was funded for development through an internal grant, and this paper presents asummary of the module’s content, the rationale for its approach, reflections on some of the keyassumptions of the rationale, and recommendations for others wanting to implement a similarly-styled ethics assignment.Most Engineering Economy instructors would probably agree that these courses are well-suitedfor reaching large numbers of students due to their cross-disciplinary nature and are also well-suited to discussing professional ethics because of their connection to the world of

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Kailash Bafna, Western Michigan University; Betsy Aller, Western Michigan University

Tagged Divisions

Engineering Economy

document camera, the ability to easily plug in a laptop computer, and an audiosystem, all connected to a projection system mounted on the ceiling. The instructor can selectand use any delivery device with the capability of easily switching back and forth between them.Besides a wireless environment, each seat in the classroom also has the ability to connect alaptop computer to the university computing system using a cat-5 cable. The University has alsomade WebCT-Vista available to all instructors.The engineering faculty has gradually started incorporating various forms of technology in theirclassroom instruction. The primary author has further incorporated several new innovations intothe teaching of engineering economy, a course required in many

Conference Session

New Topics in Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

John Ristroph, University of Louisiana-Lafayette

Tagged Divisions

Engineering Economy

; Page 11.171.6 ‚ can give the solutions to each student’s problems after the due date; and ‚ automates grading and provides other teacher-oriented aids.This approach is part of a continuing evolution in using CAI for homework purposes. There arenumerous examples, of which two are representative. Sullivan1 et all explored the use of webpages containing learning aids without randomization, and Dahm2 included random elements in asimulation based project for students. The current effort provides unique problems as the norm,thereby effectively offering a new paradigm for engineering homework.In general, a major purpose of engineering homework is to insure that each student knows howto apply basic principles and integrate them in a manner that

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

the history of engineering education.” Actions toattract and train technically active mid-career professionals as ABET evaluators would takelonger. The Participation Project and its successor, Partnership to Advance VolunteerExcellence (PAVE) continued the collaboration between member societies, volunteers, andheadquarters staff to advance ABET’s commitment to continuous quality improvement of itsvolunteer processes beginning in 2003. PAVE led to a program evaluator competency model,new experiential volunteer training, workshops on assessment, and a new volunteer managementtool. Further demonstrating commitment to continuous quality improvement, ABET wasformally recognized as ISO 9001:2008 certified in 2015.Engineering Criteria as a Quality

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

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Simon Thomas Ghanat P.E., The Citadel; Kenneth Brannan, The Citadel; Ronald W. Welch, The Citadel; Kevin C Bower P.E., The Citadel

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

Page 26.377.6learners with the conceptual information, the verbal learners with explanations and derivations offormulas, and the sequential learners with the logical flow of engineering economy topics. Forthe global learners, the presented material was always linked to previous and future material inthe course and  to  the  students’  personal  experiences. Following the mini lecture, hands-on smallgroup problem solving was employed to assist both the active and sensing learners with theengineering economy concepts. The time value of money concept was applied to both real-lifeengineering projects and  student’s  personal  finance  decisions such as student loans, car loans,credit cards, etc. Daily quizzes (individual and team) were

Conference Session

Improving IE Course Content

Collection

2012 ASEE Annual Conference & Exposition

Authors

Leonardo Bedoya-Valencia, Colorado State University, Pueblo; Nebojsa I. Jaksic, Colorado State University, Pueblo

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

AC 2012-5126: AN EXERCISE FOR IMPROVING THE MODELING ABIL-ITIES OF STUDENTS IN AN OPERATIONS RESEARCH COURSEDr. Leonardo Bedoya-Valencia, Colorado State University, Pueblo Leonardo Bedoya-Valencia is an Assistant Professor at the Department of Engineering at Colorado State University, Pueblo. He received his M.Sc. in system engineering and his Ph.D. in engineering manage- ment from the National University of Colombia and Old Dominion University, Norfolk, Va, respectively. His research interests include scheduling, operations research, and modeling and simulation in health care and energy planning. He has participated in several funded projects through various sources such as NASA, the Department of Homeland Security

Conference Session

Student Development and Assessment in IE Programs

Collection

2012 ASEE Annual Conference & Exposition

Authors

Yaseen Mahmud, Morgan State University; Masud Salimian, Morgan State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

conceptual discussions.Problem definitionTo overcome that deficiency, to improve teaching, and enhance learning of students, instructorshave over time developed novel and innovative concepts [7] that include, but are not limited, to: 1. Course projects Page 25.231.2 2. Software assignments 3. Journal reading and research 4. Online help, class handouts, and other ancillary materials.However, most of such efforts rely on instructor’s experience and his/ her desire and initiative toimprove teaching skills. Since many OR instructors are not familiar enough with the vastresources available in the area of student learning, they usually do not

Conference Session

Improving course effectiveness

Collection

2013 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

desktop is then shared and made visible to the hybrid students via a Page 23.1176.6projector/screen and visible to the online students through Wimba. Any documents,PowerPoints, or other web sites accessed are readily viewed by all students. The archivecapability within Wimba captures and records both the visual and audio portions of the lecturefor later viewing or reviewing.This technical setting, thanks to the support of our IT department, distance learning, and ourinstructional design group, allowed a joint membership of both sets of students into oneconverged learning environment. Many times discussions or project presentations take

Conference Session

Engineering Economy Division Technical Session 1

Collection

2019 ASEE Annual Conference & Exposition

Authors

Raymond L. Smith III, East Carolina University; Henry D. Lester, University of South Alabama

Tagged Divisions

Engineering Economy

Univer- sity). He has developed and/or taught courses in systems engineering, systems modeling & simulation, integration, testing, & evaluation, production systems engineering, construction engineering, engineer- ing economics, engineering probability & statistics, project engineering, engineering optimization, risk & failure analysis, reliability engineering, and engineering research methods. His current research in- terest includes modeling, analysis, and optimization of complex operational systems and infrastructures susceptible to disruptions. c American Society for Engineering Education, 2019Instructor and Student Perceptions of the Authorized, Self- Prepared

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

Paper ID #15953ABET Data as a Model for Improving Engineering Education: A Pilot of theEngineering 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. c American Society for Engineering Education, 2016 ABET’s Self Study Report: a New Model for Improving

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

FIPSE (Fund for the Improvement of Postsecondary Education)grant project in 2003 to develop a process to ensure quality and continuous improvement in Page 26.979.4online learning. The QM rubric is derived from best practices in instructional design andresearch.6 The review process is a faculty peer-review process centered on providingconstructive feedback on the design of a course, not the delivery. Table 2: Conclusions from a 2014 Empirical Study of Four MOOC Courses5 Video Production Recommendations - Shorter videos are more engaging – recommend chunks of less than 6 minutes o Shorter videos are higher quality - Talking

Conference Session

Technology and Equipment to Improve IE Instruction

Collection

2012 ASEE Annual Conference & Exposition

Authors

Dave Yearwood, University of North Dakota; Alex Johnson, University of North Dakota

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

, that bench-top lathes can be considered as viable alternatives totheir industrial sized cousins. Similarly, an analysis of the responses from faculty and industrysuggest that bench-top lathes are a viable alternative to larger industrial lathes. Bench-top lathes,because of their size, have limitations, such as reduced capacity and less rigidity, therebyrestricting the size materials that can be produced by these lathes. However, because of materialcosts, it may be more appropriate for students to work on smaller projects in educational settings.Finding ways to continue to educate students using effective pedagogical practices and preparingthem for various field of work may require some creative thinking in a time of fiscal

Conference Session

Engineering Economy Division Technical Session 3

Collection

2016 ASEE Annual Conference & Exposition

Authors

Deborah Ann Pedraza, Texas Tech University; Mario G. Beruvides P.E., Texas Tech University

Tagged Topics

ASEE Diversity Committee

Tagged Divisions

Engineering Economy

Conference Session

Integrating Research

Collection

2012 ASEE Annual Conference & Exposition

Authors

Alison M. Knight, Mayo Clinic; Gillian M. Nicholls, University of Alabama, Huntsville; Paul J. Componation, University of Alabama, Huntsville

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

and a B.S. in industrial engineer- ing from West Virginia University. Componation works in product and system development with primary research interests in project and systems management, decision theory, and engineering economics. He has managed and supported research efforts with DOD, NASA, and numerous defense and aerospace in- dustries. He a member of the Institute of Industrial Engineers (IIE), the International Council on Systems Engineering (INCOSE), the American Society for Engineering Education (ASEE), and a Fellow with the American Society of Engineering Management (ASEM). Page 25.923.1

Conference Session

Engineering Economy Education

Collection

2011 ASEE Annual Conference & Exposition

Authors

Louis Reifschneider, Illinois State University

Tagged Divisions

Engineering Economy