Conference Session

Engineering Economy Division Technical Session 3

Collection

2016 ASEE Annual Conference & Exposition

Authors

Corey Kiassat, PhD, MBA, PE P.E., Quinnipiac University; Xiaoyue Jiang, Quinnipiac University

Tagged Topics

ASEE Diversity Committee

Tagged Divisions

Engineering Economy

adopt in this studynaturally reflects outcome (g), we explicitly structure the team formation according to outcome(d), i.e. enforcing a multidisciplinary team composition.1.2. Team-Based LearningIt becomes clearer based on the previous discussion that leadership skills (traits) are presented invarious forms of teamwork skills. It is thus no coincidence that we observe a growing practice andresearch on team-based pedagogy in engineering education. As suggested in Michaelsen et al.(2014)11, Team-Based Learning (TBL) 12-16 has proven to be a practical and effective strategy foraddressing these challenges and transforming our classrooms into a more enjoyable experience forteachers and students alike.Four foundational practices were also identified

Conference Session

Engineering Economy Division Technical Session 2

Collection

2016 ASEE Annual Conference & Exposition

Authors

Paul C. Lynch, Penn State University Erie, The Behrend College; James F. Kimpel, University of Pittsburgh; Karen M. Bursic, University of Pittsburgh

Tagged Divisions

Engineering Economy

Hosted by The University of Pittsburgh.Background from Prior LiteratureA challenge instructors often face is how to make abstract concepts concrete for their students.Drawing on experiential-learning theory (ELT), Baker, Jenson, and Kolb2 recommend aprocedure that moves students through a four-stage process of: experiencing, reflecting,abstracting, and acting. The incorporation of case studies in the classroom is one method ofsimulating experiencing, reflecting, abstracting, and recommending actions based on the realworld scenario depicted by the case. Additionally, engineering education literature hascontinuously shown that projects with industry can be helpful for undergraduate and graduatestudents, even

Conference Session

Engineering Economy Division Technical Session 2

Collection

2016 ASEE Annual Conference & Exposition

Authors

Jerome P. Lavelle, North Carolina State University

Tagged Divisions

Engineering Economy

reflecting on what’s working and not .3,4 By taking action on important initiatives ABET’s leaders have demonstrated the innovative spirit they promote in engineering programs. As an example, reference recent changes to the Criterion 2 assessment requirement. With this in mind, now is the time to engage the activated community in a discussion aimed at re-designing the processes inherent in program evaluation.  The confluence of opportunity, culture, and timing all make this a great time to take up the opportunity and engage the question “what needs changed and how best can we do it?” Consider the historical context of engineering accreditation.  History of ABET and Engineering

Conference Session

Engineering Economy Division Technical Session 1

Collection

2016 ASEE Annual Conference & Exposition

Authors

Paul C. Lynch, Penn State University Erie, The Behrend College; Joseph Wilck, United States Air Force Academy; Omar Ashour, Pennsylvania State University Erie, The Behrend College

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

startup businesses. The paper discusses theevolution of the student group from the engineering economy course and the work of theentrepreneurship consulting group that is receiving much attention from program advisory boardmembers, startup businesses, and university leadership.DisclaimerThe views expressed in this paper are those of the authors and do not necessarily reflect theofficial policy or position of the U.S. Air Force, the U.S. Department of Defense, or the U.S.Government.Introduction and MotivationCompany executives from Alcoa, ADT, and Armstrong among representatives from othercompanies that serve on the Industrial & Professional Advisory Council (IPAC) and a ServiceEnterprise Engineering Advisory Board (SEE) in Industrial

Conference Session

Engineering Economy Division Technical Session 1

Collection

2016 ASEE Annual Conference & Exposition

Authors

K. Jo Min, Iowa State University; John Jackman, Iowa State University; Michelle Zugg, Iowa State University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

positively contributeto the education of engineering majors who will be making critical life-cycle decisions forprojects in the near future.Acknowledgment and DisclaimerThis material is based upon work supported by the National Science Foundation under Grant No.1504912. Any opinions, findings, and conclusions or recommendations expressed in this materialare those of the author(s) and do not necessarily reflect the views of the National ScienceFoundation. We would like to thank the regular instructor and the teaching assistant, Dr. MikeHelwig and Mr. Fikri Kucuksayacigil, respectively, for their cooperation and contributions suchas accommodation, advice, and a decision-tree based guest lecture. We also would like to thankthe Department of Industrial

Conference Session

Using a Real-Options Analysis Tutorial in Teaching Undergraduate Students

Collection

2016 ASEE Annual Conference & Exposition

Authors

John A. White Jr., University of Arkansas

Tagged Divisions

Engineering Economy

. Lessons Learned In preparing the tutorial, I reflected on the way I taught engineering economic analysis and acknowledged some significant changes needed to be made. Specifically, I realized the FE exam has been an excuse for not changing the content in EngEcon and how I taught it. I also concluded the content of my co-authored textbooks has been limited, based on my belief few who teach undergraduate students are willing to deviate significantly from how the course was taught when they took it as undergraduate students. As a result of my reflections, my future teaching (and book revisions) will address explicitly the four take-away messages cited in the summary and conclusions section of the tutorial: 1. All real-options analyses incorporate