Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Heath J. LeBlanc, Ohio Northern University; Bryan O'Neil Boulanger, Ohio Northern University

Tagged Divisions

Engineering Economy

projectmanagement and engineering economy as modules within a three-credit course offered on theprocess of design. All courses on engineering economy and project management are offered onlyto senior-level students in the fall semester.The initial discussion brought together the Dean of our college with the faculty representativefrom each department responsible for teaching engineering economy and/or project management.The group expressed a desire to re-evaluate the way engineering economy and projectmanagement content is covered within each department and across the college. With a growingenrollment across the college, the discussion focused mainly on long-term planning,brainstorming ways to 1) maintain course content, 2) make faculty resources available

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

students understood the concepts-.  Attend one of two weekly whiteboard conference sessions which lasted approximately 45 minutes. These sessions with the instructor covered the topics completed in the previous week’s chapter and previewed the coming chapter, using the Saba Meeting conferencing system. These sessions were held from 5-6PM on Monday and Wednesday and were primarily designed to answer questions and emphasize key concepts.Table 1 summarizes how we planned for the course format to mirror best practices. The gradingrubric for the course is summarized in Table 2. In addition to the standard engineeringeconomics topics, students wrote two business memos on engineering economics problems

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

Page 24.1253.5students, the videos were partially used by the students to complete homework assignments, andthat the videos did not hold the students’ attention. The quality of information refers to the typeof information that the student needed. If the student did not understand where a variable camefrom or why compounded interest was used instead of simple interest, then the video needs toaddress those shortcomings. This may lead back into the planning of the videos and how muchtime the instructor actually needs in order to plan and produce the video.The particular application used for this exercise, ShowMe, automatically tracks the number ofviews for each video. BlackBoard application also has a feature that will track the number ofviews

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Christina Jauregui Barboza, Stevens Institute of Technology (SSE)

Tagged Divisions

Engineering Economy

the financing design duringthe planning stage by manipulating the parameters; and ultimately the most profitable solutioncan be implemented 18. This paper presents a case study depicting the cost of construction, implementation andoperation of a commercial wind farm with the application of life cycle costing using ATA. Thistechnique defines the life cycle cost for the entire operation: from financing the project, topurchasing the equipment, and the project revenue. While this approach requires extensiveresearch to determine the parallel costs and revenue rates, the results from conducting an ATAwith life cycle costs allows for a solid final decision based on actual figures and predefinedeconomic criteria. The results from this

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Gene Dixon, East Carolina University; Joseph Wilck IV, East Carolina University

Tagged Divisions

Engineering Economy

review of research literature provides little pedagogy ormethodologies for developing knowledge, skills, and abilities (KSAs) within students that areuseful in designing and crafting a quality economic feasibility analysis. Some assessment rubricswere identified, but these seemed to focus more on if an economic analysis was done and not thequality of economic analysis methods applied. Minimal guidance was identified relative tolesson plans for developing economic feasibility analysis as part of design KSAs. This paper,describes some initial efforts toward developing economic analysis KSAs within seniorengineering students that have begun from some qualitative research and classroom experiences.BackgroundEast Carolina University (ECU) initiated

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

used clickers in nearly every classfor the last 10 years. Three semesters ago there was the opportunity to move a class into acomputer lab. Coincidentally, this was the first semester that the instructor decided to relyprincipally on online homework after a trial run of online homework had been veryenthusiastically received the previous semester. Thus this class had quick feedback in class fromclickers. Students were able to see if their work matched the instructor’s for spreadsheets, andthen for homework, students received instant feedback, suggestions, links to text sections, andmultiple tries to get it right.The results were so good, that a talk on the “Best Teaching Experience of my 35-year Career”was planned. Two subsequent semesters have