Conference Session

Engineering Economy Division Technical Session 3

Collection

2017 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

survey results (n = 116 all students answered every question)This anonymous survey is designed to assess your opinion of your learning in the Engineering Economy coursethat you took, and the use of personal finance examples, assignments and content. Personal finance refers to thefinancial decisions that students face as persons, versus as working engineers. As an example, below are twoequivalent questions both of which teach/test finding the future worth of a present investment:Personal Finance Orientation: An engineer inherits $10,000 on graduation day, and invests it in an account thatearns 2% per year. How much will they have in this account to help with a down payment on a house in 6 years?Engineer/firm Orientation: ABC Inc. invests $10,000

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

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

Collection

2017 ASEE Annual Conference & Exposition

Authors

Cristina D. Pomales-Garcia, University of Puerto Rico, Mayaguez campus; Christopher Papadopoulos, University of Puerto Rico, Mayaguez campus

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

instrument to understand the impact of the project in studentlearning, and gain insights from their personal and professional experience, as a post-projectreflection activity. The discussion questions were written in English and translated to Spanish,giving students the opportunity to respond in either language. The closed survey questions,related to skills and relevance of the experience, included statements for students to agree ordisagree, using a 5-point Likert Scale. Students had to submit their responses to the questionsusing an online course management system as an appendix to the course project. Thereflection was a requirement of the course project and was graded upon delivery, not content.Similar approaches, incorporating reflections or

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

literature search.Literature SearchPrevious papers 4, 5 explored broad areas of best practices in teaching characteristics and distanceeducation effectiveness. To build on this past work and more fully address the focus of thispaper, literature in the area of student perception and learning was explored. There is asignificant body of literature involving the combined areas of teaching method effectiveness,how that relates to intelligence beliefs (e.g. survey responses) and actual learning. The following Page 26.378.2paragraphs provide an overview of this work.Several studies we found had particular application to our work and addressed the

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Ted Eschenbach P.E., University of Alaska Anchorage; Neal A Lewis, University of Bridgeport

Tagged Divisions

Engineering Economy

students to the very important reality of what expectedreturns are realistic and what risks are likely to accompany those returns. It also introduces asecond very important reality in economic decision-making—neither maximizing expectedreturns nor minimizing risks may be the best approach.The next step is presenting the model of risk and return from a portfolio based on twosecurities—bonds and stocks. This clearly shows the value of diversification, and the theory asrepresented in the underlying equations. This simple diagram is easy to present and understand,and an easy way to say why your investments should not be in one type of security—or evenworse in one stock, such as your employer’s.When time permits we find that this is a good place to

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

second research questionFor the second research question, faculty and industry acceptance of smaller lathes as viablealternatives to their industrial size cousins was explored. The ability of the smaller bench-toplathes to perform accurate work was explored in the pilot study. It would appear, based on theresults from this limited pilot study, that both the bench-top and the industrial lathes are capableof producing test bushings within the specified .005” tolerance range. It should be noted,however, that this pilot study was the result of tests done by only two graduate students, and anexpanded study utilizing a much larger cross section of technology students would be necessaryto determine whether the initial findings could be replicated

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

ABET defines Program Educational Objectives as “broad statements that describe whatgraduates are expected to attain within a few years of graduation; program educational objectivesare based on the needs of the program’s constituents.” The program constituents are interestedparties, person or groups having an interest in the performance or success of the program.Strictly using this definition, constituents of an engineering education program, may includealumni, employers, local industry, faculty and students. However, faculty and students areinternal to the program and may have limited perspective of what graduates are expected toattain a few years after graduation, with the exception of faculty in a program with a highpercentage of its

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

review of time value ofmoney, investment evaluation, inflation, risk and return, financing decisions, corporateinvestment strategies, risk analysis and decisions incorporating non-monetary considerations.Historically this course was taught using an advanced text where the topics were coveredsequentially. A redesign of the course now includes the construction of a stock price predictionmodel for a company of the student’s choice. Through the model, the topics are covered anddiscussed in the context of the large model-building project. For instance, inflation is discussedwhen students collect historic data on the company’s performance and use that data to forecastinto the future. Issues of discount rate and variability in inflation become evident

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