Conference Session

Assessment and Accreditation in Engineering Management

Collection

2012 ASEE Annual Conference & Exposition

Authors

Pawel Pawlewski, Poznan University of Technology; Zbigniew J. Pasek, University of Windsor

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

, FMEA of process, BMPP – Building of process flow model; 10 Case study - Building Process Flow Model part 1 11 Case study - Building Process Flow Model part 2 12 Case study - Building Process Flow Model part 3 13 Process simulation – Process statics and dynamics, definitions of computer simulation, types, advantages and disadvantages, 14 Simulation models validation and verification, experiments, statistical distributions, simulation software 15 Site visit – Volkswagen Poznań TABLE 4 SYLLABUS OUTLINE OF PPL (LOGISTICS PROCESS DESIGN) COURSELaboratory classes consist of two parts: In part 1, consisting of

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

developing thedeep-level understanding required to achieve insight into the principles and rules underlyingspecific facts or results3. To address the difficulties, instructors have been pursuing different Page 24.3.3teaching aids such as project-based learning4 and simulation and multimedia to help conveythese concepts5. The instructor reports that very frequently students confounded time value ofmoney with inflation. Since personal computers became available in homes and schools, development ineducational technology has progressed at an accelerated pace6. In this paper, we focus on mobileapps for multimedia learning. A small application that runs

Conference Session

Frontiers in Engineering Economy

Collection

2010 Annual Conference & Exposition

Authors

Neal Lewis, University of Bridgeport; Ted Eschenbach, TGE Consulting; Joseph Hartman, University of Florida

Tagged Divisions

Engineering Economy

a series of sequential investments based onthe success of previous investments. Many projects involve multiple stages, and multi-stageeconomic analysis is often necessary. An example of a multi-stage project is pharmaceutical drugdevelopment, where new drug products must pass a series of clinical trials, and where successiveclinical trials are performed (or not) depending on the success of the previous clinical tests. Thatis, Phase II tests are only performed if Phase I tests are successful, and Phase III testing isconducted only if Phase II is successful. Staged funding also occurs in many other largeprojects, where new ideas pass from concept development to product design and development toengineering, creation of manufacturing capacity

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

course wasCapital Investment Analysis for Engineering and Management, 3rd edition, by Canada, Sullivan,White, and Kulonda.After teaching AdvEngEcon in 2014, I decided to provide an enhanced treatment of real options in2015. Toward that end, I developed a tutorial, targeting undergraduate students enrolled inAdvEngEcon. The tutorial has been revised numerous times in an attempt to increase its value tostudents taking the course. A copy of the tutorial for the 2016 spring semester is provided in theAppendix.My purposes in preparing this paper are twofold: 1) encourage engineering economy educators toincorporate real-options analysis in their engineering economy courses and 2) share lessons learnedin teaching the subject of real-options analysis to

Conference Session

Engineering Economy Division Technical Session 1

Collection

2016 ASEE Annual Conference & Exposition

Authors

Wolter J. Fabrycky P.E., Virginia Tech

Tagged Divisions

Engineering Economy

as the system design process evolves. Capital budgeting misses this opportunity. Experience indicates that a properly coordinated and functioning system and its product, that is competitive in the marketplace, cannot be achieved through efforts applied largely after it comes into being. Accordingly, it is essential that design synthesis include operational considerations during the early stages of system design and development. Legions of academicians and practicing professionals are developing and applying powerful tools for analysis, experimentation, modeling, simulation, animation, etc. to the domain of operations. These individuals represent the fields of industrial engineering, engineering management, operations research