Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Heath J. LeBlanc, Ohio Northern University; Bryan O'Neil Boulanger, Ohio Northern University

Tagged Divisions

Engineering Economy

Engineering Education, 2014 A Cross-Discipline, Project-Based Approach to Teaching Engineering Economy Heath LeBlanc Bryan Boulanger ECCS Department Civil Engineering Department Ohio Northern University Ohio Northern University Ada, OH 45810 Ada, OH 45810 h-leblanc@onu.edu b-boulanger@onu.eduAbstractIn this paper, we describe a project-based approach to teaching Engineering Economy. Thesemester-long project has been designed to foster cross-disciplinary interactions betweenElectrical and

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Gillian M. Nicholls, University of Alabama, Huntsville; Neal A Lewis, University of Bridgeport; Ted Eschenbach P.E., University of Alaska Anchorage

Tagged Divisions

Engineering Economy

monthly payment to pay thisloan off in 10 years? b) If you increase your payment to $500 monthly, how many months doesit take to pay the loan off? The monthly interest rate is best entered as “=6.8%/12” in the interestrate cells (B2 and B4). Note that solving this with tables requires interpolation for both answersand repeated iterations for part b). Figure 1. Loan Payment ExampleStudents quickly learned this technique, used it to solve a wide variety of problems, and likedthis approach to solving problems. In one test, it was noticed that at any given time about onefourth of the students had a 5-button calculation showing on their computer monitor. Thisformat made calculation easy once the problem was properly set

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Christina Jauregui Barboza, Stevens Institute of Technology (SSE)

Tagged Divisions

Engineering Economy

Paper ID #8909Case Study Application of After Tax Analysis to a Renewable Energy ProjectMrs. Christina Jauregui Barboza, Stevens Institute of Technology (SSE) Christina Jauregui Barboza is an Engineering Management Doctoral Candidate in the School of Systems and Enterprises at Stevens Institute of Technology. She received a Masters of Engineering Degree in Systems Engineering in 2008 and a Bachelor of Engineering Degree in Engineering Management in 2006 both from Stevens Institute of Technology. She holds a teaching assistantship position for the Engineering Management program at Stevens Institute of Technology and has

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Joseph Wilck IV, East Carolina University; Paul C. Lynch, The Pennsylvania State University, University Park, PA; Paul J. Kauffmann P.E., East Carolina University

Tagged Divisions

Engineering Economy

Paper ID #8581Engineering Economics as a General Education Course to Expand Quantita-tive and Financial LiteracyDr. Joseph Wilck IV, East Carolina University Joseph Wilck received his PhD from Pennsylvania State University in Industrial Engineering and Opera- tions Research, and a BS and MS from Virginia Tech in Industrial and Systems Engineering. Dr. Wilck is a registered Professional Engineer, former Vice President of Student Development for the Institute of Industrial Engineers (IIE), current newsletter editor for ASEE’s Engineering Economy Division, and an active member of INFORMS, INCOSE, TRB, IEEE, and ASEM. Dr

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Billy Gray, Tarleton State University; Gloria Margarita Fragoso-Diaz, Tarleton State University ; Erick Jones, University of Texas, Arlington

Tagged Divisions

Engineering Economy

Paper ID #10157The Use of Videos as a Tool to Reinforce Engineering Economy Course Top-ics: Lessons LearnedMr. Billy Gray, Tarleton State University Billy Gray earned his B.S. in manufacturing engineering technology from Tarleton State University, Stephenville, Texas, in 2001 and his M.S. in systems and engineering management from Texas Tech University, Lubbock, Texas, in 2006. He is currently pursuing his PhD in industrial engineering at the University of Texas at Arlington. He has 10 years of work experience in manufacturing, operations, and engineering management and is currently an assistant professor at Tarleton State

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

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

Tagged Divisions

Engineering Economy

American Society for Engineering Education, 2014 “Engineering Economics Jeopardy!” Mobile App Development Process and Student Satisfaction Weihang Zhua, Alberto Marqueza, Julia Yoob a Department of Industrial Engineering b Department of Professional Pedagogy Lamar University, Beaumont, TX, 77706, USA Abstract: This paper presents the mobile application development process and students’satisfaction of the developed app for the Engineering Economics course. The mobile app wasfirst designed in Summer 2012, and the app was incorporated into the

Conference Session

Integrating Engineering Economy into Curricula

Collection

2014 ASEE Annual Conference & Exposition

Authors

Gene Dixon, East Carolina University; Joseph Wilck IV, East Carolina University

Tagged Divisions

Engineering Economy

for 12.5% (6 projects) of the projects. • A rate of return method was used for 8.33% (4 projects) of the projects. Page 24.771.4 • Both the manufacturing costs and breakeven analysis was performed for 4.167% (2 projects) of the projects. • The following methods were used by 2.08% (one project) of the projects: B/C ratio, estimation, future worth, and life cycle costs. • For industry types having more than four projects, no specific economic analysis method was used for all projects within that category.Figure 1: Number of engineering economic analysis methods used by the 48 projects. Forexample, 18.75% of the

Conference Session

Innovations in Teaching Engineering Economy

Collection

2014 ASEE Annual Conference & Exposition

Authors

Paul J. Kauffmann P.E., East Carolina University; Joseph Wilck IV, East Carolina University

Tagged Divisions

Engineering Economy

Paper ID #8513Relationship of Final Grade and Use of On Line Course Materials for an En-gineering Economics CourseDr. Paul J. Kauffmann P.E., East Carolina University Paul J. Kauffmann is a professor in the Department of Engineering at East Carolina University. His industrial career included positions as Plant Manager and Engineering Director. Dr. Kauffmann received a BS degree in Electrical Engineering and MENG in Mechanical Engineering from Virginia Tech. He received his Ph.D. in Industrial Engineering from Penn State and is a registered Professional Engineer in Virginia and North Carolina.Dr. Joseph Wilck IV, East