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A Nanotechnology Module within the Current Course in Engineering Economy

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Collection

2012 ASEE Annual Conference & Exposition

Location

San Antonio, Texas

Publication Date

June 10, 2012

Start Date

June 10, 2012

End Date

June 13, 2012

ISSN

2153-5965

Conference Session

Methods, Cases, and Directions

Tagged Divisions

Engineering Management, Systems Engineering, Engineering Economy, and Industrial Engineering

Page Count

8

Page Numbers

25.77.1 - 25.77.8

Permanent URL

https://peer.asee.org/20837

Download Count

16

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Paper Authors

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Bidhan C. Roy University of Wisconsin, Platteville

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Bidhan Roy (Ph.D. 2003, UIUC) is an Assistant Professor with the Department of General Engineering, University of Wisconsin, Platteville. His research interests are primarily in mechanics with a focus on biological systems, applied mathematics, and numerical methods.

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Osama M. Jadaan University of Mount Union

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Mitchell Dean Cornelius University of Wisconsin, Platteville

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Mitchell Cornelius is originally from Decorah, Iowa. He is currently a Senior Mechanical Engineer at the University of Wisconsin, Platteville, and he plans to attend Iowa State University for graduate studies in mechanical engineering and complete research within the biological and nanoscience area of interest.

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Abstract

A nanotechnology module within the current course in Engineering EconomyAbstract: For the past couple of years, the college of engineering has been offering a minorprogram in microsystems and nanotechnology. This has recently been upgraded to a major.Concurrently, efforts are underway to introduce this new field in existing courses, so as to enticestudent’s interest. This study deals with creating a nanotechnology module in our course inEngineering Economy. A typical course work in engineering economy includes employingvaluation tools and benefit-cost analysis (among many others) to study the financial feasibility ofengineering projects. Unfortunately, for projects involving nanotechnology, the finances aremainly speculative since commercial applications of nanotechnology are mainly at its infancy.Hence, we targeted small and medium enterprises (SME’s) dealing with nanotechnology relatedproducts and listed at NASDAQ. This is because such companies would have their financialstatements freely available in the internet. The module consists of designing sample valuationproblems of the SME’s created from their income statement. When first offered in Fall 2011, it isexpected that it shall help students understand a financial statement, the future sway ofnanotechnology related products in markets, and the volatility (risk) faced by the start-upcompanies.

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