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

thoroughness of the analysis and on how well themethods and findings are communicated in a written report.Rationale: The ultimate goal of this approach is to build skills that will be most useful tostudents in their careers. In practice, engineers need to perform analyses that combine manyfactors at both the strategic and operational levels of organizations, that incorporate elements ofproduct and/or process design, and that consider various forms of risk and uncertainty. Analysesin industry will also likely involve after-tax cash-flows and debt capital more often than they willinvolve basic techniques such as simple payback or comparisons of equal cash flows. Therefore,it seems appropriate that the emphasis from the first day of class should be on