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A Look into the Engineering Economy Classroom

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2011 ASEE Annual Conference & Exposition


Vancouver, BC

Publication Date

June 26, 2011

Start Date

June 26, 2011

End Date

June 29, 2011



Conference Session

Engineering Economy Education

Tagged Division

Engineering Economy

Page Count


Page Numbers

22.58.1 - 22.58.11



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Paper Authors


Heather Nachtmann University of Arkansas

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Heather Nachtmann, Ph.D. received her Ph.D. in Industrial Engineering (IE) from the University of Pittsburgh in 2000. She is currently an Associate Professor of IE at the University of Arkansas and the John L. Imhoff Chair in Industrial Engineering. Dr. Nachtmann serves as the Director of the Mack Blackwell Rural Transportation Center. Her research includes cost estimation modeling, economic and efficiency analyses of transportation and healthcare systems, and engineering economy education. Dr. Nachtmann teaches in the areas of engineering economy and cost analysis. She serves as an Area Editor for The Engineering Economist journal.

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Kim LaScola Needy University of Arkansas

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Kim LaScola Needy is Department Chair and 21st Century Professor of Industrial Engineering at the University of Arkansas. She received her B.S. and M.S. degrees in Industrial Engineering from the University of Pittsburgh, and her Ph.D. in Industrial Engineering from Wichita State University. Prior to her academic appointment, she gained significant industrial experience while working at PPG Industries and The Boeing Company. Her first faculty appointment was at the University of Pittsburgh. Dr. Needy’s research interests include engineering management, engineering economic analysis, sustainable engineering, and integrated resource management. Results from her research are published in numerous scholarly journals including The Engineering Economist, the Engineering Management Journal, and the International Journal of Production Research. Dr. Needy is a member of ASEE, ASEM (Fellow status), APICS, IIE and SWE. She currently serves as ASEM Past-President and Program Co-Chair of the 31st Annual Conference. She is a licensed Professional Engineer in Kansas.

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Emily M. Evans University of Arkansas

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A Look into the Engineering Economy ClassroomAbstractIn 2000, the authors published results from a two-part survey of how engineering economy was taught inU.S. universities. This survey, conducted in 1995 and 1997, collected data from engineering economyinstructors and investigated: 1) the faculty that teach engineering economy, 2) their course content andteaching methods, and 3) the students that take their course. The authors are currently performing afollow-up survey to longitudinally analyze the progress of engineering economy pedagogy over the pastfifteen years. Based on a review of recent literature, additional questions were added concerningcontemporary issues of teaching, new technology available, and teaching suggestions to enhance theclassroom experience. Additional survey enhancements were also made based on feedback received at arelated presentation made at the 2010 ASEE conference. This paper will discuss the survey methodologyand present preliminary findings. The survey findings will support our long term goal of improvingengineering economy pedagogy by increasing visibility, enhancing instructor knowledge, and influencingexternal stakeholders such as textbooks writers and funding agencies.

Nachtmann, H., & Needy, K. L., & Evans, E. M. (2011, June), A Look into the Engineering Economy Classroom Paper presented at 2011 ASEE Annual Conference & Exposition, Vancouver, BC. 10.18260/1-2--17340

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