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

Paper ID #6124Project based learning in engineering economics: Teaching advanced topicsusing a stock price prediction modelingDr. Lizabeth T Schlemer, California Polytechnic State University Page 23.991.1 c American Society for Engineering Education, 2013 Project based learning in engineering economics: Teaching advanced topics using a stock price prediction modelAbstract: A graduate level advanced engineering economics class taught at CaliforniaPolytechnic State University, San Luis Obispo, includes a thorough

Conference Session

Innovative IE Course Content

Collection

2013 ASEE Annual Conference & Exposition

Authors

Douglas H Timmer, University of Texas, Pan American; Miguel Gonzalez, University of Texas, Pan American

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

pilot implementation, discussion, recommendations for future research,and acknowledgements.The Mouse FactoryThe Mouse Factory is a web-based simulation of a manufacturing plant for producing USBcomputer mice. There are four components for each laboratory or project of the online MouseFactory: a web site containing the learning assignments, a website containing a completedescription of the Mouse Factory and Java Server Face (JSF) web-based applications thatgenerate data. Note that the gauge R&R project does not use JSF applications to generate databut rather requires the students to make their own measurements of a set of gauge blocks.Students typically access the learning materials through the assignment web-site located athttp

Conference Session

Improving course effectiveness

Collection

2013 ASEE Annual Conference & Exposition

Authors

Terri M. Lynch-Caris, Kettering University; Mark A. Palmer P.E., Kettering University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

found in various classrooms across thecampus: (1) seating and room layout, (2) boards and projection and (3) computers and videocapture. In addition to the survey data, comments were solicited and compiled for continuousimprovement.A total of 75 students, faculty and staff responded to the survey. Within the three categories ofinstructional technology, three survey questions were asked to determine: (1) which technologieswere used, (2) which technologies did individuals enjoy and (3) which technologies didindividuals feel would enhance learning?There were several conclusions resulting from the data analysis including differences betweenfaculty and student preferences. The most interesting result was the compelling relationshipbetween enjoyment

Conference Session

Innovative IE Curricula

Collection

2013 ASEE Annual Conference & Exposition

Authors

Masud Salimian, Morgan State University; Yaseen Mahmud, Morgan State University; Avis L. Ransom, Morgan State University School of Engineering

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

of Engineering, she develops projects, plans and implements strategies and develops and documents reports, newsletters and proposals. Page 23.1262.1 c American Society for Engineering Education, 2013 Training Industrial Engineering Students as Energy EngineersIntroductionBuildings consume approximately 40% 1 of all energy in the United States. Most buildingsoperate far less efficiently than their potential. In the U.S., industry alone accounts for about 31%of all energy used 8. There are many benefits to making commercial and industrialmanufacturing plants more efficient. One is to

Conference Session

Innovative IE Course Content

Collection

2013 ASEE Annual Conference & Exposition

Authors

John P. Mullen, New Mexico State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

23.1255.7creates a modeling problem in that observing such a system for too short a time is likely to leadto a misleading model.Applied ProjectsIn some courses, I encourage students to do an applied project. This is an intensive exercisetaking several weeks, so I do not use it in all courses. I carry this out in two steps.Step 1: Modeling ExercisesIn preparation for the applied project, I assign one or more team modeling exercises. Theseinvolve extracting data from simulated transaction logs, then characterizing distributions andmodeling the system. For the most part, these activities address issues that have frequently arisenin past projects. By carrying out the activities in a simplified setting, students are better able tofocus on the key aspects of

Conference Session

Innovative IE Course Content

Collection

2013 ASEE Annual Conference & Exposition

Authors

Justin W. Kile, Quinnipiac University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

was a surprise to theauthor on his first co-op. Employers have expressed a concern over the lack of clarity,confidence, and sometimes professionalism shown by new hires. Through discussions withpracticing engineers, it has become clear that for some engineers the informal oral presentationof information is a common occurrence in day to day activities. Some examples include (a)informing operators of new procedures after emergency modifications or changes to machinesand operating procedures (b) giving supervisors a quick explanation of current project status and(c) being brought into a meeting to give the engineering perspective.Preparing students for these “you got a minute” moments is often not addressed in theundergraduate curriculum. Either

Conference Session

Improving course effectiveness

Collection

2013 ASEE Annual Conference & Exposition

Authors

Susan L. Murray, Missouri University of Science & Technology; Julie Phelps, Missouri S&T, Educational Technology

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Paper ID #5847Electronic Flashcards as a Tool to Improve Exam ReadinessDr. Susan L. Murray, Missouri University of Science & Technology Susan L. Murray is a professor of engineering management and systems engineering at Missouri Univer- sity of Science and Technology. Dr. Murray received her B.S. and Ph.D. in industrial engineering from Texas A&M University. Her M.S. is also in industrial engineering from the University of Texas-Arlington. She is a professional engineer in Texas. Her research and teaching interests include human systems in- tegration, productivity improvement, human performance, safety, project

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

information in balance sheets and income 16. I have improved my understanding ofstatements and use this to analyze important financial ratios. contemporary issues related to engineering4. I am able to perform compound interest calculations using nominal and economics.effective interest rates including continuous compounding. 17. I have improved my ability to design a5. I am able to analyze project and investment alternatives using the system, component, or process to meet desiredconcepts of equivalent cash flows: present, annual and future worth. needs.6. I am able to apply the principles and methods of

Conference Session

Engineering Economy Division Technical Session

Collection

2013 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

LamarUniversity. It will give students more opportunity to learn and practice Engineering Economicswhenever they have spare time. The preliminary assessment results in Fall 2012 semester arepresented in this paper. Surveys and interviews are conducted with randomly selected students toget a better understanding of the impact of the mobile app. The authors are now in the process oftransforming the app into game-style. Further development and improvement with formativeassessment is planned in the next three years.* Acknowledgment: This project is partially supported by a grant from the National ScienceFoundation DUE-1140457 to Lamar University. 1. Introduction Engineering Economics is a core class in engineering and is often required in

Conference Session

Innovative IE Course Content

Collection

2013 ASEE Annual Conference & Exposition

Authors

Connie Gomez, Galveston College; Heidi A. Taboada, University of Texas, El Paso; Jose F. Espiritu, University of Texas, El Paso

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Page 23.1251.3Therefore, students are first exposed to issues that are critical to Sustainable Engineering andwhat that would imply to society and the infrastructure that supports and maintains our currentsociety. The course expounds on the interconnections between natural resources, energy, supplychains, and consumer demand and our current limitations. In this way, students can connect theirengineering training and skills to the challenges of creating a sustainable infrastructure fortomorrow.During the second portion of the course, Life Cycle Assessment (LCA), students learn the theoryof LCA as well as obtain some hands on experience by applying this approach to compare twosimilar products using Gabi software. Within the project, students

Conference Session

Engineering Economy Division Technical Session

Collection

2013 ASEE Annual Conference & Exposition

Authors

Robert C. Creese, West Virginia University

Tagged Divisions

Engineering Economy

1345.00 282.45 Page 23.981.6 10 0.00 10000.00 6274.54 1479.50 147.95 Totals 10000.00 6274.54The Present Value Approach to Loan Analysis During the teaching of the advanced engineering graduate students and a project wasassigned which has the class making their own cash flow model which involved loans,depreciation, as well as the traditional revenues, expenses, taxes, and etc. The students haddifficulty in determining the interest and principal amounts for the loans over the variousperiods and it was suggested they review their basic engineering textbook, but

Conference Session

Innovative IE Course Content

Collection

2013 ASEE Annual Conference & Exposition

Authors

Julie Ann Layton, Rensselaer Polytechnic Institute; Thomas Reed Willemain, Rensselaer Polytechnic Institute

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

, and do not collaborate. Step 5. Save your Minitab file as a project file (not a worksheet!) with your name on it, e.g., TomWillemain.MPJ. Step 6. Save your answers as a Word file with your name on it, e.g., TomWillemain.doc. Step 7. Email both your MPJ project file and Word file to willet@rpi.edu. Step 8. Turn this paper with the signed consent form back to Prof. Willemain. Thank you for your participation in this research project. We hope your data will help evolve our courses to better educate engineers in the art of data analysis. Page 23.572.14B. Prompt for Web Visitors exercise

Conference Session

Innovative IE Curricula

Collection

2013 ASEE Annual Conference & Exposition

Authors

Saylisse Davila, University of Puerto Rico, Mayaguez Campus; Viviana I. Cesani, University of Puerto Rico, Mayaguez Campus; Alexandra Medina-Borja, University of Puerto Rico at Mayaguez

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

. Viviana Cesani is a professor of Industrial Engineering at the University of Puerto Rico at Mayaguez (UPRM). She completed her Ph.D. degree in Manufacturing and Production Systems at the University of Wisconsin-Madison in 1998. Her areas of interest in teaching and research include production plan- ning and control, supply chain management, engineering economy, project management, and engineering education. She is currently the department head of the IE department at UPRM. Dr. Cesani is a senior member of IIE, President of the UPRM-Delta Chapter of the International Organization for Women Ed- ucators, and member of the Professional College for Engineers and Land Surveyors of Puerto Rico. She was recognized as UPRM

Conference Session

Innovative IE Curricula

Collection

2013 ASEE Annual Conference & Exposition

Authors

Susan L. Murray, Missouri University of Science & Technology; Terri M. Lynch-Caris, Kettering University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Paper ID #6598Educating the Professional Engineer of 2020:Dr. Susan L. Murray, Missouri University of Science & Technology Susan L. Murray is a professor of engineering management and systems engineering at Missouri Univer- sity of Science and Technology. Dr. Murray received her B.S. and Ph.D. in industrial engineering from Texas A&M University. Her M.S. is also in industrial engineering from the University of Texas-Arlington. She is a professional engineer in Texas. Her research and teaching interests include human systems in- tegration, productivity improvement, human performance, safety, project management, and

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

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