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A Thesis-based Option for Enhancing Pedagogy in Engineering Economy at the Graduate Level

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Conference

2019 ASEE Annual Conference & Exposition

Location

Tampa, Florida

Publication Date

June 15, 2019

Start Date

June 15, 2019

End Date

June 19, 2019

Conference Session

Engineering Economy Division Technical Session 1

Tagged Division

Engineering Economy

Page Count

12

Permanent URL

https://peer.asee.org/32013

Download Count

1

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Paper Authors

biography

Priyadarshan A. Manohar Robert Morris University

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Dr. Priyadarshan (Priya) Manohar Dr. Priyadarshan Manohar is a Professor of Industrial Engineering and Director of Grants and Research at the School of Engineering, Mathematics and Science (SEMS), Robert Morris University, Pittsburgh, PA. He has a Ph. D. in Materials Engineering (1998) and Graduate Diploma in Computer Science (1999) from University of Wollongong, Australia and holds Bachelor of Engineering (Metallurgical Engineering) degree from Pune University, India (1985). He has worked as a post-doctoral fellow at Carnegie Mellon University, Pittsburgh (2001 – 2003) and BHP Institute for Steel Processing and Products, Australia (1998 – 2001). Dr. Manohar held the position of Chief Materials Scientist at Modern Industries, Pittsburgh (2003 – 2004) and Assistant Manager (Metallurgy Group), Engineering Research Center, Telco, India (1985 – 1993). He has published over 80 papers in peer-reviewed journals and conferences including a 2007 Best Paper Award by the Manufacturing Division of American Society for Engineering Education (ASEE), three review papers and three book chapters. He has participated in numerous national and international conferences. He is a member of ASM International, TMS, ACerS, AIST, ASEE, and a registered Chartered Professional Engineer. Dr. Manohar’s research interests include mathematical and computer modeling of materials behavior, thermo-mechanical processing of steels and other metallic materials, microstructural characterization, and structure – property relationships. He has conducted a number of technical failure investigations, consulted on various materials-related problems, and acted as an expert witness in the Court of Law. Dr. Manohar is the past chair of the Manufacturing Division of ASEE and ASM Pittsburgh Chapter.

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biography

Fahad Saad Almutairi King Fahd Security College

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Capt. Eng. Fahad Almutairi
lecturer, King Fahd Security College, SA
Project Manager
Master of Engineering Management, USA
Bachelor of Mechanical Engineering, SA

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Abstract

Engineering students typically learn the basics of engineering economics through an introductory Engineering Economics course. Such courses do cover the basic financial modeling and analysis techniques, however they don’t provide an understanding of the complexity of economic analysis of real life situations. In particular, the financial analysis of public sector projects necessitates financial modeling based on incomplete data and multiple selection criteria along with flexible or diffuse financial frameworks. The costs in these projects are real while the benefits may be tangible and/or intangible which makes decision making very difficult. Teaching such topics in a traditional class room lecture setting may not be best suited to achieve the desired educational outcomes. We propose that adding economic analysis to a thesis-based project is a better way to learn engineering economics. This is demonstrated by a case study involving analysis of a public sector project that offers sufficient flexibility to the students and allows them to come up with viable economic solutions. The student research effort is expected to enhance and enrich the guided learning process. This paper presents some important results from this thesis research work. Preliminary results support the hypothesis that including economic analysis in a thesis option constitutes a better way to engage students in their learning process, and for enhancing their comprehension and interest in engineering economics of government projects.

Manohar, P. A., & Almutairi, F. S. (2019, June), A Thesis-based Option for Enhancing Pedagogy in Engineering Economy at the Graduate Level Paper presented at 2019 ASEE Annual Conference & Exposition , Tampa, Florida. https://peer.asee.org/32013

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