San Antonio, Texas
June 10, 2012
June 10, 2012
June 13, 2012
2153-5965
Engineering Management, Systems Engineering, Engineering Economy, and Industrial Engineering
8
25.77.1 - 25.77.8
10.18260/1-2--20837
https://peer.asee.org/20837
438
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.
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.
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.
Roy, B. C., & Jadaan, O. M., & Cornelius, M. D. (2012, June), A Nanotechnology Module within the Current Course in Engineering Economy Paper presented at 2012 ASEE Annual Conference & Exposition, San Antonio, Texas. 10.18260/1-2--20837
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