Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Paul C. Lynch, Pennsylvania State University, University Park; Cynthia Bober, Penn State University; Joseph Wilck, East Carolina University

Tagged Divisions

Engineering Economy

presented in hourly, weekly, month and yearlyamounts. The winning team proposed a new machine design to make wooden pallet sorting andrecycling easier. The team also suggested design changes to pallet handling carts and proposedoverall recycling process changes. The team assumed a company MARR value of 13% per yearand carried out a discounted payback analysis for their proposed changes.Surveys Page 26.191.7Three separate surveys were carried out during fall 2014 as part of the ongoing curriculum andinstructional changes being made in the engineering economy course. All three surveys wereadministered during the final week of the course. The first

Conference Session

Pedagogical Advancements in Engineering Management

Collection

2012 ASEE Annual Conference & Exposition

Authors

Mysore Narayanan, Miami University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

). Page 25.225.6 It is important that the aims and objectives of discovery approach are reflected in everyaspect of the learning environment created. The creative new approach should documentaccomplishments at the upper levels of Bloom's Taxonomy Triangle (Bloom, 1956 & 1976;Boud & Feletti, 1991). Scholars in the area of cognitive science and educational psychologyhave identified four features that clearly separate a problem-based curriculum from a traditional,topic-based curriculum (Nickerson, et. al. 1985).Assessment Procedure Assessment of the Discovery approach was carried out by the author using severalproven, well established and widely recognized tools (Rowntree, 1977). Sample quizzes, homework assignments

Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Oscar M. Bonilla, Baruch College of the City University of New York; Donald N. Merino P.E., Stevens Institute of Technology (SES)

Tagged Divisions

Engineering Economy

engineering analysis and design that exist in curriculums today.However, the engineering tools and techniques are generally taught with an individual focus andnot on a holistic basis. This paper provides a system approach which integrates the various toolsand techniques and could serve as a practical example in Engineering Design or Capstonecourses.The first section of this paper is an extensive review of relevant literature. This literature surveyskey factors for success or failure in technology commercialization that spans the last two decades.These factors have been classified in four domains (Technical, Economic, Operational, andRegulatory) according to their impact. The next section presents the DFC model and explainshow each of its main

Conference Session

Innovations in the IE Curriculum

Collection

2012 ASEE Annual Conference & Exposition

Authors

Heidi A. Taboada, University of Texas, El Paso; Jose F. Espiritu, University of Texas, El Paso

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

c American Society for Engineering Education, 2012 A Multi-Disciplinary and Multi-Institutional Approach to Prepare Industrial Engineers to Respond to Future Energy ChallengesAbstract There is a world-wide necessity to increase energy efficiency, finding new alternativesources of energy and assessing the environmental impacts of new renewable energytechnologies. Demand for professionals with sustainable energy knowledge is increasing, asemployers need graduates who can better respond to energy challenges in all professional andbusiness contexts. This demand will also create green-collar jobs in the industrial sector and innew technology fields. In light of these crucial needs

Conference Session

Engineering Management Applications

Collection

2012 ASEE Annual Conference & Exposition

Authors

Gene Dixon, East Carolina University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

materials engineering from Auburn University. He has authored several book chapters and articles on follower component of leadership and is active in research on the leadership processes. Page 25.517.1 c American Society for Engineering Education, 2012 Embedding Leadership Topics in the Engineering CurriculumHow leadership is addressed in a quantitative based curriculum has challenged engineeringfaculty interested in leadership for some time. This paper describes an approach to developingleadership topics within a general engineering curricular program. Through the widespread useof student

Conference Session

Engineering Economy Course Strategy Panel Session

Collection

2021 ASEE Virtual Annual Conference Content Access

Authors

Michael B. O'Connor P.E., New York University

Tagged Divisions

Engineering Economy

industry in the 1990s. Michael also has extensive experience as an instructor at New York University (five years), Howard University (four years), and California State University- San Francisco (ten years). American c Society for Engineering Education, 2021 Low Stakes Assessment Approach to Engineering Economy Instruction using revised Bloom TaxonomyDisclaimerThe author has had various affiliations within the American Society Of Civil Engineers and itscommittees, including work on the Civil Engineering Body of Knowledge Committee for thethird edition. Specifically, the technical outcomes and rationale for engineering economics. Theobservations

Conference Session

Assessment and Accreditation in Engineering Management

Collection

2012 ASEE Annual Conference & Exposition

Authors

David S. Cochran, Southern Methodist University and Meijo University; Makoto Kawada, Meijo University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

25.494.1 c American Society for Engineering Education, 2012 Education Approach in Japan for Management and Engineering of Systems by David S. Cochran and Makoto KawadaAbstractDesigning and managing systems that are sustainable requires a new approach to thinkingand learning about the management and engineering of systems. This paper describes auniversity curriculum in Japan that embodies a new approach to education aboutenterprises systems (and specifically knowledge about the Toyota Production System(lean)). Referred to as Collective System Design, the new learning approach emphasizesthe tone of the system participants and a language for system design to codify

Conference Session

Student Development and Assessment in IE Programs

Collection

2012 ASEE Annual Conference & Exposition

Authors

Yaseen Mahmud, Morgan State University; Masud Salimian, Morgan State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

additionalcredit burden to the curriculum inventory. Thus, the OR class was completely revamped in aneffort to give students greater exposure to this material.The current form of the model described here was introduced in the fall of 2010. To ease thetransition the department decided to offer IEGR 440 every semester to all students required totake that course until they are cleared from the system. During the fall 2010 semester theintroduction of the new format (previously various parts of the new innovation approach weretried and modified ) was transitioned from the traditional testing convention (two or three majortests plus the accumulative final) to the topic testing format to be described further on in thispaper.At the beginning of the semester all

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

Abstract  This paper describes an innovative curriculum developed for a new LogisticsEngineering degree programs at the Faculty of Engineering Management of PoznańUniversity of Technology. The core of the program is based on a sequence of four majorcourses, which focus on the Product Development, Process Analysis and Optimization,Logistic Processes and Service Engineering, respectively. Each course is built around a practical team project. With the project effort as thebackground, the courses introduce students to key issues in global engineering competence,such as technical and cross-cultural communication, collaboration and teamwork,organization and management, engineering ethics, critical thinking and problem solving, andintegration

Conference Session

Innovations in the IE Curriculum

Collection

2012 ASEE Annual Conference & Exposition

Authors

Jane M. Fraser, Colorado State University, Pueblo; Abhijit Gosavi, Missouri University of Science & Technology

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

have their own favorite theme that appears to run through the book. Whilethis approach is understandable, it makes it difficult to define the essence of systemsengineering. While some textbooks are geared towards what constitutes systems thinking, othersfocus on what systems engineers can do in terms of optimizing the system. Also, some of thenewly emerging subjects that are taught within the core of systems engineering programs appearnot to be covered in many textbooks. Examples of such topics include: ―model-based systemsengineering,‖ ―risk management,‖ ―network management,‖ and ―complex systems.‖ Weinvestigate in particular answers to the following questions. How many of books that provide anoverview of systems engineering cover these

Conference Session

Innovations in the IE Curriculum

Collection

2012 ASEE Annual Conference & Exposition

Authors

Denise H. Bauer, University of Idaho, Moscow; Jessica L. Heier Stamm, Kansas State University; Lesley Strawderman, Mississippi State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

disciplines – Data regarding the use of teams and other (non-industrial engineering) disciplines in the course were compiled.  Topics covered – The intent of a capstone course is to present a summative learning experience that utilizes knowledge gained during the curriculum. Topics covered in senior design courses were compared. Page 25.98.3  Relevance to IE profession – The topic areas were then compared to those included on the Fundamentals of Engineering (FE) and Principles and Practice of Engineering (PE) exams to measure relevance to what is expected of new IE professionals.ResultsCourse Design and

Conference Session

Innovations in the IE Curriculum

Collection

2012 ASEE Annual Conference & Exposition

Authors

Ana Vila-Parrish, North Carolina State University; Dianne Raubenheimer, Meredith College

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

process using a combination of structured approaches: project management and Lean Six-Sigma and assessment methods. Project management and Lean Six-Sigma tools provided astructure to an otherwise overwhelming project environment. We are continuing to refine thesetools and develop new deliverables that will help the students overcome the challenges we haveobserved in the Fall of 2011.This analysis has revealed the need for an assessment rubric that shows the iterative designprocess along a spectrum of project performance. While we were able to capture the generaltrajectory of students thinking throughout the design process using Wolcott’s rubric, it wasdifficult to translate some of the terminology in an engineering context. A correlation

Conference Session

Engineering Economy Division Technical Session

Collection

2021 ASEE Virtual Annual Conference Content Access

Authors

James Burns, Western Michigan University; Bob White P.E., Western Michigan University

Tagged Divisions

Engineering Economy

entrepreneurial engineering, engineering economy, capital budgeting, and operations control. Dr. White is actively involved as a consultant to industry having been involved with numerous companies. Dr. White has over 20 journal publications and more than 50 articles in conference proceedings. Some of Dr. White’s journal publications include The Engineering Economist, Computers and Industrial Engineering, The International Journal of Modeling and Simulation, and The International Journal of Production Research. His professional affiliations include or have included IIE, ASEE, and SME. American c Society for Engineering Education, 2021 Curriculum Element: Using the

Conference Session

Industrial Engineering Division Tech Session 2, IE-ing the Classroom

Collection

2017 ASEE Annual Conference & Exposition

Authors

Nadiye O. Erdil, University of New Haven

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

Paper ID #19473Influencing Student Motivation Through Scaffolded Assignments in a Qual-ity Analysis Course and Its Impact on LearningDr. Nadiye O. Erdil, University of New Haven Nadiye O. Erdil, an assistant professor of industrial and systems engineering and engineering and oper- ations management at the University of New Haven. She has over eleven years of experience in higher education and has held several academic positions including administrative appointments. She has ex- perience in teaching at the undergraduate and the graduate level. In addition to her academic work, Dr. Erdil worked as an engineer in sheet metal

Conference Session

Instructional Design

Collection

2012 ASEE Annual Conference & Exposition

Authors

Naveen Seth, New Community College at CUNY; Donald P. O'Keefe, Farmingdale State College

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

AC 2012-4088: INTEGRATING INNOVATIVE PEDAGOGIES INTO EN-GINEERING ECONOMICS COURSESDr. Naveen Seth, New Community College at CUNY Naveen Seth is a founding faculty member in business at the City University of New York’s New Commu- nity College. He has also taught at Pratt Institute in the Construction Management Program. At Vaughn College of Aeronautics and Technology, he headed the Aviation Management programs and also taught engineering economics in the B.S. program in engineering.Prof. Donald P. O’Keefe, Farmingdale State College Donald P. O’Keefe has 15 years experience teaching at the college level. He taught courses in engineering graphics, quality control, and project management

Conference Session

Engineering Economy Division Technical Session 1

Collection

2020 ASEE Virtual Annual Conference Content Access

Authors

Brian Aufderheide, Hampton University; Otsebele E. Nare, Hampton University

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

25 new courses. He has supervised over 35 Industrial Design Projects. He is a returned Peace Corps Volunteer. He is dedicated in helping his students to succeed.Dr. Otsebele E Nare, Hampton University Otsebele Nare is an Associate Professor of Electrical Engineering at Hampton University, VA. He received his electrical engineering doctorate from Morgan State University, Baltimore, MD, in 2005. His research interests include System Level Synthesis Techniques, Multi-Objective Optimization, Device Modeling and K-16 Integrative STEM education. American c Society for Engineering Education, 2020 Work in Progress: Engineering Economy Taught Across

Conference Session

Engineering Economics Teaching Tools

Collection

2015 ASEE Annual Conference & Exposition

Authors

Shervin Zoghi, California State University, Fresno

Tagged Topics

Diversity

Tagged Divisions

Engineering Economy

of educational objectives: The classification of educational goals. Handbook I: Cognitive domain. New York: David Mckay Company. 1956.5. Resnick, L., Levine, J. & Teasley S. Perspectives on socially shared cognition. Washington: American Psychological Association, 384-397. 1991.6. Johnson, R. T., & Johnson, D. W. Action research: Cooperative learning in the science classroom. Science and Children, 24, 31-32. 19867. Mavrovouniotis, Michael. “The Role of Engineering Economics in the Chemical Engineering Curricula.” ASEE Annual Conference. 1996.8. Hazelberg, G. A. “Rethinking the curriculum.” ASEE Prism, pg. 56. December 1994.9. Harford, J. F. “The Relation of Engineering to Economics.” Journal of

Conference Session

Engineering Economy -- Outside the Introductory Course

Collection

2008 Annual Conference & Exposition

Authors

William Peterson, Arizona State University

Tagged Divisions

Engineering Economy

offended by this author’s grading of the paper.These last two incidents were the genesis of this paper. In thinking about these two incidentswhich this author saw as very problematic, remembrances of the way engineering economytopics were treated in other courses taught were brought to mind. The following discussion ofthese remembrances is only a partial list based on limited time spent going through some of thetexts used in the 58 courses mention on this author’s curriculum vita.An Innocuous ExampleIn one human factors text2 there is a section on cost/benefit analysis (not benefit costs as theequation is done). The example given ignores the time value of money – it uses the initial cost toperform the human factors analysis and then looks at the

Conference Session

Advances in Engineering Economy Pedagogy

Collection

2009 Annual Conference & Exposition

Authors

Abhijit Gosavi, Missouri University of Science and Technology

Tagged Divisions

Engineering Economy

AC 2009-242: TEACHING REVENUE MANAGEMENT IN AN ENGINEERINGDEPARTMENTAbhijit Gosavi, Missouri University of Science and Technology Page 14.1149.1© American Society for Engineering Education, 2009 Teaching Revenue Management in an Engineering DepartmentAbstract: Revenue management is one of the newly emerging topics inthe area of systems engineering, operations research, industrialengineering, and engineering management. While it is not expected tobecome a part of the core curriculum in any of these disciplines in the nearfuture, it is being taught in many universities in the business schools thathave programs in operations research. Since the ideas

Conference Session

Assessment and Accreditation in Engineering Management

Collection

2012 ASEE Annual Conference & Exposition

Authors

Maxwell Reid, Auckland University of Technology

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

, sustainable practice in the world of industryand commerce, but the respect which society and business accords the profession ofengineering is enhanced by its members demonstrating this strong commitment to society andgood engineering practice.What has become equally relevant is the necessity to prepare engineers for managementpositions. This management capability is an emerging field for engineers and this conferencecontribution provides an explanation of the approach taken to the challenge. This paperdescribes the design of two engineering management papers within a Bachelor ofEngineering (BE Hons) undergraduate engineering degree at AUT as part of an effort to meetthe requirements of the new Washington Accord engineering graduate profile, and

Conference Session

Engineering Management Applications

Collection

2012 ASEE Annual Conference & Exposition

Authors

S. Jimmy Gandhi, Stevens Institute of Technology; Alex Gorod, Visiting Fellow, University of Adelaide

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering

, examine them from a broader systemic perspective toimprove how such systems are designed and managed going forward. Unfortunately, acomprehensive study of engineering management programs across the US, conducted by Gandhiand Pinto [7], revealed that less than 1/3 of all programs offered risk management courses. Toaddress this gap in current educational curriculum, the authors discuss existing approaches toinclude systemic risk management material in engineering management programs.Systemic risk and its importance to engineering managers According to Kaufman and Scott [8], systemic risk is thought of as a risk that originatesfrom multiple sources, affects multiple agents and propagates quickly among individual parts orcomponents of the

Conference Session

Advances in Engineering Economy Pedagogy

Collection

2010 Annual Conference & Exposition

Authors

Emily Evans, University of Arkansas; Heather Nachtmann, University of Arkansas; Kim Needy, University of Arkansas

Tagged Divisions

Engineering Economy

textbooks writers and fundingagencies.IntroductionThe literature review presented in this paper serves two purposes. One purpose is to presentengineering economy education research that has been published in the last ten years and discussthe synergies between these efforts. As a number of papers have stated, there has been someconsensus about the problems with the current teaching of engineering economy. This paperlooks to shed some light on the evolution of engineering economics pedagogy including the areasthat have undergone change and those that have remained the same. We also examine how theengineering economy curriculum is being taught in progressive classrooms, those which use newmethods for teaching and new technologies as a medium for

Conference Session

Methods, Cases, and Directions

Collection

2012 ASEE Annual Conference & Exposition

Authors

Joseph C. Hartman, University of Florida

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

’ of Engineering Economy,” Proceedings of the 2006 American Society forEngineering Education Conference, (CD-ROM), June, 2006.7. Hartman, J.C., “Using ‘Real World’ Problems in Engineering Economy,” Proceedings of the 2004American Society for Engineering Education Annual Conference, (CD-ROM), June, 2004.8. Peterson, W.R., R.E. Landaeta and B. Magary, “Is it Time for a New Paradigm?” Proceedings of the 2005American Society for Engineering Education Annual Conference (CD-ROM), June, 2005.9. Voss, Pieter A., James M. Tien, Anil K. Goyal, “A Risk Analytic Approach to Learning EngineeringEconomy,” Proceedings of the 1996 American Society for Engineering Education Annual Conference (CD-ROM),June, 1996

Conference Session

Technology and Equipment to Improve IE Instruction

Collection

2012 ASEE Annual Conference & Exposition

Authors

Richard A. Pitts Jr., Morgan State University

Tagged Divisions

Engineering Economy, Engineering Management, Industrial Engineering, Systems Engineering

-on laboratory approachinto the Industrial Engineering (IE) undergraduate curriculum allows the student population toget a new and innovative type of training and preparation for the engineering workforce, and tostrengthen it through increased awareness in learning how to use robotic-related software tomodel systems. In addition, students can determine solutions for various manufacturing andservice scenarios and engage in realistic applications of manufacturing systems through the newlab modules.Overall, the CCLI project has had a significant and broad impact as the engineering studentshave participated in these courses and the results show that the students have gained much fromthem. Due to the interest in taking these new elective courses

Conference Session

Advances in Engineering Economy Pedagogy

Collection

2010 Annual Conference & Exposition

Authors

Paul Kauffmann, East Carolina University; Stephanie Sullivan, East Carolina University; Gene Dixon, East Carolina University; B.J. Kim, East Carolina University

Tagged Divisions

Engineering Economy

accomplish this curricular improvement, it is important to develop anassessment plan which monitors success in advancing and measuring student skills in integrating concepts andsolving more complex problems by employing appropriate tools. This is in fact the goal of the twenty plusyears of efforts by engineering educators to pursue approaches to integrate the engineering curriculum and wehope this paper contributes an important example and conceptual approach to achieving this goal. Page 15.780.7Bibliography1. Koen, B.V., Discussion of The Method: Conducting the Engineer’s Approach to Problem

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Joseph Hartman, Lehigh University

Tagged Divisions

Engineering Economy

assessment to the “professional skills” now desired byABET [10] and providing an interesting way in which to inject real engineering problems intoengineering economy courses [9].Bibliography 1. Barrionuevo, A., “Enron is Looking to Develop a Facility in the Bahamas,” The Wall Street Journal, January 29, 2001. 2. Felder, R. M., D. R. Woods, J. E. Stice, and A. Rugarcia, “The Future of Engineering Education II. Page 11.1247.7 Teaching Methods that Work,” Chemical Engineering Education, 34(1):26-39, 2000.3. Hartman, J. C., “Engineering Economy: Suggestions to Update a Stagnant Course Curriculum,” Proceedings of the

Conference Session

Frontiers in Engineering Economy

Collection

2009 Annual Conference & Exposition

Authors

Philip Brach, University of the District of Columbia; Ahmet Zeytinci, University of the District of Columbia; Pradeep Behera, University of the District of Columbia

Tagged Divisions

Engineering Economy

wide-spread impact on engineering projects, particularly public works. Compounding thissituation is the already inadequate funding for addressing the rebuilding of the nation’s aginginfrastructure.With the thrust to give more consideration to the social impact of engineering works and theimportance of inculcating these aspects into engineering education, this paper articulates apossible case study that could incorporate economy principles and a national fiscal problem intothe engineering curriculum in either an economics course or a senior capstone or ethics course.Using a subject from current events can demonstrate to students how engineering economicprinciples can be used to assess public policy alternatives. An ancillary aspect of this

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

-141.30. Mun, J. ((2006) Real Options Analysis, John Wiley and Sons, Hoboken, NJ.31. Cox, J.C.; Ross, S.A.; and Rubinstein, M. (1979) “Option Pricing: A Simplified Approach,” Journal of Financial Economics, 7(3), 229-263.32. Brach, M.A. (2003) Real Options in Practice, John Wiley & Sons, Inc., Hoboken, NJ.33. Trigeorgis, L. (1993) “Real Options and Interactions with Financial Flexibility,” Financial Management, 22(3), 202-224.34. Copeland, T.; Koller, T.; and Murrin, J. (1996) Valuation: Measuring and Managing the Value of Companies, 2nd edition, John Wiley & Sons, New York.35. Block, S. (2007) “Are ‘Real Options’ Actually Used in the Real World?” The Engineering Economist, 52(3), 255-267.36. Smith, J.E. and McCardle, K.F

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

Karen Bursic, University of Pittsburgh

Tagged Divisions

Engineering Economy

, we would like to be ableto require a separate course that directly addresses contemporary problem-solving in a globalsociety. Many of the University’s programs have offerings that might be suitable. However,while the undergraduate faculty is considering this option, with an already cramped curriculum itis a difficult decision. In addition, presenting students with contemporary engineering problemsthat require students to put them in a global, economic, environmental, and/or societal contextmay prove to be a better approach. In this manner students are able to clearly see the relevanceof these issues to their own field of interest. This problem-based learning approach can also beused to address the department’s goal of an integrated

Conference Session

Innovation in Teaching Engineering Economics

Collection

2006 Annual Conference & Exposition

Authors

J. Cunha, University of Alberta

Tagged Divisions

Engineering Economy

under the perspective of therisks and uncertainties involved. In the project, the associated costs and economic results alsohave to be determined and scrutinized. All projects are presented in a seminar at the end of thecourse. In addition, a “Newsletter” analyzing current problems, challenges and industrydevelopment is produced weekly by the group during the duration of the course.This paper gives details about the course experience, methods used for classroom interaction,methodology to choose the project’s topic and participants’ feedback. Examples of projectsdeveloped and main topics covered by the “Newsletter” are also presented.IntroductionMost engineering programs across North America1,2 have in their core curriculum anEngineering Economy