values. In addition, discrete compounding or continuous compounding can be used. Finally, the BSM equations or the BS option table can be used. Shown below are solutions for all combinations of the alternatives, except using the BS option table. a) T = 24, discrete compounding, with rf = (1.04)1/12 -1 = 0.003274 and F = sqrt[(0.30)2/12)] = 8.6603%. S = $55.00, X = $58.50, d1 = {ln(55/58.50) + [ln(1.003274) + (0.086603)2/2](24)}/ [0.086603sqrt(24)] = 0.25161, d2 = 0.25161 - 0.086603sqrt(24) = -0.17266, N(d1) = 0.59933, N(d2) = 0.43146, and C = 55(0.59933) - 58.50(0.43146)/(1.04)2 = $9.63 b) T = 24, continuous compounding, with rf = ln(1.04)/12 = 0.0032684 and F = sqrt[(0.30)2/12) = 8.6603%. S = $55.00, X = $58.50, d1 = {ln(55
technologies with power systems, probabilistic production simulations, and integrated resource planning. In recent years, he has authored a number of ar- ticles and has given numerous presentations on outcomes-based engineering curriculum development and the implementation of the ABET Criteria for Accrediting Engineering Programs. He has authored and/or co-authored over 45 articles, a textbook which has been translated into Chinese, 22 technical reports, 12 summary papers, and 15 discussions and reviews. His professional experience includes: (1) over 32 years of university administration, teaching, consulting and research, and (2) five years of full-time work in industry.Dr. Mojtaba B. Takallou P.E., University of Portland
Proposed assignment You are tasked to define the location for a Your boss tasks you to define the location for new manufacturing facility for your company. a new manufacturing facility for your You are offered three alternative locations: A, company. You are offered three alternative B, and C, with economic conditions X, Y, and locations: A, B, and C, with economic Z, respectively. Using conditions X, Y, and Z, respectively. Please, Break-even analysis, please choose the note that child labor is legal in location A; preferred location. employees in location B are forced to work 18 hours/day
of the ergonomic design learning module focuses on anthropometry for hand toolsdesign and discusses the importance of measurements of different hand dimensions for userssuch as hand length, finger length, hand breadth, grip/pinch force, etc. In this session, studentspractice anthropometric measurements technique using relevant measuring tools which includethe bone caliper, segmometer, anthropometric goniometer, pinch gauge, hand dynamometer, etc.Figure 3 shows the relevant anthropometric measuring tools relevant to hand tool design. (a) Bone caliper (b) Segmometer (c) Goniometer (d) Pinch gauge (e) Hand dynamometer (f) Sample hand dimensions Figure 3
ModelDepicting the ABET Engineering Criteria in this way allows us to recognize the parallelsbetween the individual Engineering Criteria criterion and the elements of ISO 9001:2015 [8].This in turn allows us to apply the tools and concepts of quality to each Criterion.Engineering Program as a Process ISO 9001:2015 “promotes the adoption of a process approach when developing,implementing and improving the effectiveness of a quality management system. The processapproach involves the systematic definition and management of processes and their interactionsso as to achieve the intended results.”[8] Such an approach enables: a. understanding and consistency in meeting requirements; b. consideration of processes in terms of added value; c
and make improvements, if needed, and (8) present project results to anaudience using written and oral formats. Figure 1. Project activities and deliverables as an integrated processThe project proposal was evaluated using a rubric (Appendix A) and detailed comments onproject scope and objectives were provided to students as a midterm feedback process. At theend of the semester, each team delivered a written report and presented a poster whichhighlighted their methods, findings and recommendations. The written reports were evaluatedby the course instructor using a project rubric (Appendix B) specifically designed for thecourse. The oral poster presentations were evaluated by a panel of judges using an oralpresentation rubric
Paper ID #34639Course Strategy: Low Stakes Assessment Approach to Engineering Economyinstruction using Revised Bloom TaxonomyMr. Michael B. O’Connor P.E., New York University Michael O’Connor, Retired Professional Civil Engineer (Maryland and California), M.ASCE, is a mem- ber of the ASCE Committee on Developing Leaders, History and Heritage, Civil Engineering Body of Knowledge (CEBoK), and Engineering Grades. Michael has been a practicing Civil Engineer with over 50 years of engineering, construction, and project management experience split equally between the pub- lic and private sectors. Programs ranged from the San
X Support of Faculty Prof Development XProgram Educational Objectives X PROGRAM CRITERIAConsistency PEOs w/ Mission X Compliance with X XProgram Constituencies X APPENDICESProcess for Review of PEOs X Appendix A – Course Syllabi XCRITERION 3. STUDENT OUTCOMES Appendix B – Faculty Vitae XStudent Outcomes X Appendix C – Equipment XRelationship Outcomes to PEOs X Appendix D – Institutional Summary XCRITERION 4. CONTINUOUS IMPROVE The Institution XProcess and Outcome Assesmnt
first attempt questions while also testing the same concepts. Figure 2 shows an example oftwo questions from the first and second trial of the second quiz. The quizzes also involvequalitative questions. The student will not receive grade points for these quizzes until he/shesuccessfully solves the quiz questions or finish the trials. Successfully solving a quiz is definedas achieving at least a B grade in any trial. After the initial attempt, students are awarded areduced credit for successive retakes as shown in Table 2. Table 1. Breakdown of Topics in the Engineering Economy Course Topics Teaching
this first flipped iteration were similar to final grades fromthe previous three lecture-format offerings (see Table 4). However, when examining thenumber of students earning a D or F grade, more students from the flipped classroom earnedlower than a C in the course when compared to the average of the three previous courseofferings (p < 0.001( χ2 = 39.53, df = 16). Table 4: Final Course Grades, Fall 2009 to Fall 2012 Percentage of Students Receiving Grade A B C D F Other Fall 2012 12 23 23 24 16 2 Spring 2011
engineering economy is beingtaught in undergraduate engineering classrooms and to uncover new and innovative methods forimproving how the curriculum is conducted.Bibliography1. Bafna, K. and B. Aller, “Enhancing the Learning of Engineering Economy with Innovative Technology and Teaching,” American Society for Engineering Education Annual Conference Proceedings, 2007.2. Elizandro, D. W. and J. O. Matson, “Taking a Moment to Teach Engineering Economics Education,” The Page 15.50.6 Engineering Economist, Vol. 52, No. 2, 2007, pp. 97-116.3. Hartman, J. C., “Suggestions For Teaching Engineering Economy at the Undergraduate Level,” The
innovation methodology with biomimicry design principles and apply to classroom topics; • demonstrate the ability to innovate using the NABC philosophy; N=Needs, A=Approach, B=Benefits per cost, C=Competition • describe an ergonomic design idea inspired by nature using the NABC approach, and • assess communication skills through peer evaluation.The entire task is broken down in a step-by-step process to insure consistent delivery andassessment. The process was developed using the biomimicry design process and can beapplied to any situation that demands similar learning and communication skills.The PlanThere are four basic steps to the overall plan for completion. The scenario described in the firsttwo steps can be modified for
Hydrocarbon Economics and Evaluation Symposium, 5-8 April, 2003, Dallas, TX, USA.4. Okogu, B. E.: “The Middle East and North Africa in a Changing Oil Market,” © 2003 International Monetary Fund, http://www.imf.org/external/pubs/ft/med/2003/eng/okogu/okogu.htm5. Miller, R. J.: “Economic Cycles and the Valuation of Oil and Gas Properties,” paper SPE 82007 presented at the SPE Hydrocarbon Economics and Evaluation Symposium, 5-8 April, 2003, Dallas, TX, USA.6. Parent, L.: “Natural Gas: Igniting New Markets - Part 2: North America Outlook,” World Oil Magazine, Vol. 222, No. 2, February 2001.7. Kazemi, H. et al.: “The Fifth Colloquium on Petroleum Engineering Education – An Industry Perspective,” paper SPE 64308 presented at the
section describing the model problems wedevised for an engineering economy analysis. Finally, we conclude by describing the futuredirection of this study.Understanding an Income StatementThe purpose of an income statement is to provide investors the most accurate description of thecompany’s profitability over a set period of time, usually a fiscal quarter (3 months) or a fiscalyear (12 months). This includes an estimate of the firm’s sale, costs, increase or loss in intangiblevalue, taxes, outstanding shares, and how the resulting net profit is divided among shareholders.But as stated earlier, we would be dealing with operational costs. Among them are2 – (a) Total Revenues: This is the amount of money earned by selling the product. (b) Cost
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
are brieflydiscussed for the benefit of the CE students. The textbook used also has FE style practicequestions for students to review if desired.This is not to say that teaching the theory behind concepts such as equivalency or return oninvestment is not essential or done in the course. Engineers must be taught to go beyond the“calculations” and they must be able to draw conclusions that help business owners make goodeconomic decisions. This requires that they can answer such questions as, “What does that IRRmean to my business?” We place a strong emphasis on drawing conclusions and making adecision…not just providing a number for NPV or IRR or a B/C ratio. This is what engineersdo…solve problems and make decisions… so a solid understanding
(b) 8 Players Registrar Task 1 Task 2 Task 3 Scheduler Red Receptionist Blue Registrar Task 1 Task 2 Task 3 Scheduler (c) 11 Players Figure 5. Variable number of participants from 6 to 11 players enabled by modular tasksAnother key to the improved flexibility of number of participants is that the roles of Receptionistand Registrar can be either combined or separated as shown in (a) and (c) of Figure 5. When thetwo roles are combined, the game setting can accommodate even numbers of participants.Separating the two roles
, other students reported “It was a good course, and the robotswere pretty fun. The simulation of a part being cut and watching it in real time was awesome.”Another student said, “The concept of this course was very interesting and can be applied toplenty of real-life applications.”Final course grade data indicate that all students enrolled in the IRAM courses earned passinggrades. Final average grades were in the B range, approximately 79.5%. Three students earnedA’s in IEGR 488; two students earned A’s in IEGR 470; and one student earned an A in IEGR468. Figure 3 displays the distribution of final grades for each course.Goal 3 - Assessing educational impact with mini-module laboratory projects for problemsolving.The review of course syllabi
the IE EE class A. The instructor knowing student names in the Class B. Starting Every Class with Announcements/Questions C. Knowing all upcoming events from ANGEL Calendar D. Knowing the Topics to Study for all Exams and Quizzes E. Knowing Your Grades at all times on ANGEL F. Having a 1 class Quiz or Case Study Grade Return Policy and 1 Week Exam Grade Return PolicyThe average results for the three semesters of the IE EE class are shown in Figure 1 below: Importance for your Course Satisfaction (IE EE) The instructor knowing your Name Starting Every Class with Announcements/Questions Knowing all upcoming events from Angel Calendar Knowing the Topics to Study for all Exams and
categorized into three categories with four to seven specifictypes of technology included for each category:(1) Seating and Room Layout a. Lecture style seating arrangement b. Group tables arrangement c. Pods or node chairs d. Web-based learning – partial face-to-face e. Web-based learning – completely online(2) Boards & Projection Page 23.541.2 a. Chalkboards b. White boards c. Computer projection w/ instructor notes d. Document Camera(3) Video and Lecture Capture. a. Mobile computing: handhelds, Smartphones, tablet PCs, laptops, + b. Fixed Lab Computing c. Video capture
example, when simulating sequential intervalson an individual well, one must specify whether the outcome for a deeper interval is conditionalon the outcome of a shallower interval, or if they are independent of each other. In mostempirical studies, the simulated variables are often assumed to be statistically independent tosimplify the analysis, that is, Prob(A|B)=Prob(A). In many cases, this assumption is reasonable.That is, even in cases where one interval has significant problems, the next interval can beassumed to be independent after the previous interval is secured (with steel casing and cement).However, this is not always an appropriate assumption. For example, problems in a shallowinterval may lead to an early casing setting depth and
capability analysis, measurement systemanalysis, specification and tolerances, and acceptance sampling plans. Students typically take thiscourse in the second year of their masters program. The course learning outcomes are (a) Defineconcepts in quality and quality management; (b) Apply statistical tools in analysis andapplication of Statistical Process Control; (c) Produce and employ control charts; (d) Explainsampling process; and (e) Design acceptance sampling procedures for quality control.The course work and activities typically include a term paper, a term project, homework, in classexercises and discussions, quizzes and two exams (midterm and final). During the study periodthe author added the library training and a factory visit to the class
2. As a group these texts have includedmore coverage of spreadsheets than we had expected. We have not done a detailed analysis ofpre-proposition editions with the current editions, but we did see changes—sometimes verysignificant ones that represented using more spreadsheet functions or presenting them verydifferently. Table 2. Methods for TVM Calculated Examples TVM TVM Book # Exp. Factors SSht Formulas B&T 7th 121 72% 51% 27% B&T Basic 2nd 85 72% 31% 26% Newnan 12th 156 62% 53
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
represent the specific learning objectives for the course. For thelearning objective questions: The first nine of these were also evaluated by specific, quantitative, embedded questions from the final exam and the survey. Learning objectives 10-13 were evaluated by specific assignments and the survey. The course is classified as a “Writing Intensive” course per university requirements and required completion of three writing assignments. a. Two were individual assignments covering a twelve page research paper on the grand challenges of engineering and a business memo analyzing a fixed/ variable cost problem. b. The second memo was produced by a team of three
AC 2007-540: TEACHING ENGINEERING ECONOMY AS A HYBRID ONLINECOURSE: TOOLS, METHODS, ASSESSMENT, AND CONTINUOUSIMPROVEMENTPhil Rosenkrantz, California State Polytechnic University-Pomona Professor, Industrial & Manufacturing Engineering, California State Polytechnic University, Pomona since 1982. IE supervisor for General Motors prior to entering academia. Holds a doctorate in Organizational Leadership from Pepperdine University; MS in Statistics from UC Riverside; MS in Industrial Administration from Purdue University; and Bachelor of Mechanical Engineering from Kettering University (formerly GMI). P.E. (California
Reading and graded Practice Problem assignments. b. Instructor-Created Modules, consisting of Introduction videos with learning objectives, Lessons in both PowerPoint™ and video form, and Example problem videos contained in the learning management system. 2. Classroom Activities a. Lessons, consisting of PowerPoint™ presentations with live annotation b. In-Class Problem Solving with polling, consisting of examples solved by students and/or the instructor with audience response 3. Support Resources a. Problem Solving Help, consisting of tutoring three afternoons per week by skilled undergraduate Learning Assistants in a computer lab setting b
). Nurturing affinity spaces and game-based learning. In C. Steinkuehler, K. Squire & S. Barab (Eds.), Games, Learning, and Society: Learning and Meaning in the Digital Age (pp. 123-153). New York, NY: Cambridge University Press.Grohs, J. R., Maczka, D. K., Soledad, M., & Bagalkotkar, K. K. (2016). Exploring the Feasibility of an Educational Computer Game as a Novel Means of Assessing Problem Solving Competencies. Paper presented at the 123rd ASEE Annual Conference & Exposition, Now Orleans, LA.Hazelrigg, G. A. (1998). A Framework for Decision-Based Engineering Design. Journal of Mechanical Design, 120(4), 653-658. doi: 10.1115/1.2829328Johri, A., & Olds, B. M. (2011). Situated Engineering
3. Engineering design (High level & Detailed) b) Other externalities 3. Strategic partnerships/ a)Design for maintainability, Science
MS TS programs. Page 11.42.7Bibliography1. Kauffmann, Paul and William Peterson. “Assignment of Importance to Engineering Economy Topics by Master of Engineering Management Students.” Proceedings of the American Society of Engineering Education Annual Conference, 2001.2. Farragher, Edward J., Robert T. Kleiman, and Anandi P. Sahu, “Current Capital Investment Practices,” The Engineering Economist, Vol. 44, No.2, 1999, (pp. 137-150).3. Klammer, T., B. Koch, and N. Wilner, “Capital Budgeting Practices – A Survey of Corporate Use,” Journal of Management Accounting Research, Fall 1991, (pp. 113-130