Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

J. Cunha, University of Alberta

Tagged Divisions

Engineering Economy

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

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Phil Rosenkrantz, California State Polytechnic University-Pomona

Tagged Divisions

Engineering Economy

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

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Sarah Ryan, Iowa State University; John Jackman, Iowa State University; Rahul Marathe, Iowa State University; Pavlo Antonenko, Iowa State University; Piyamart Kumsaikaew, Iowa State University; Dale Niederhauser, Iowa State University; Craig Ogilvie, Iowa State University

Tagged Divisions

Engineering Economy

average, greater separationbetween the signal and noise means ( A′ = 0.994) than other teams; their average B′′ value of-0.014 indicated a bias towards the yes response (meaning that, on average, they picked a highernumber of resources as relevant, even though some of them were irrelevant). On the other hand,teams selecting outsourcing cost as the most critical parameter had on average slightly smallerseparation than the previous group ( A′ = 0.992) and a slightly larger bias towards yes signals( B′′ = -0.125). The eight teams that selected labor costs as the most critical parameter had thelowest Hit and False Alarm rates compared to the previous two groups, resulting in a slightlysmaller separability ( A′ = 0.991) and a net bias towards the no

Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

Donald Remer, Harvey Mudd College; Karen Ahle, Raytheon; Kevin Alley, Southwest Research Institute; John Silny, Raytheon; Karen Hsin, Accenture; Elijah Kwitman, Harvey Mudd College; Allison Hutchings, Harvey Mudd College

Tagged Divisions

Engineering Economy

attendance at conferences,Estimator / Estimating and B. Associate's degree and 5 years experience as described above, leadership positions in Analyst Analysis (SCEA) OR organizations, articles,(CCE / A) C. 7 years experience as described above and a biographical educational programs, sketch demonstrating education, experience, and relevant

Conference Session

Engineering Economy: Beyond the Classroom

Collection

2007 Annual Conference & Exposition

Authors

Jeannette Russ, Union University; Doanh Van, Union University

Tagged Divisions

Engineering Economy

0.0 a b c d e f g h i j k l m Educational Outcomes Faculty Assessment Student Assessment Figure 3. Sample comparison chart for the two assessment methods. For each educational outcome, our goal is that the difference between the two sets of measurements should be smaller than the standard deviation of either data set.Limitations and Ideas for Future ImprovementThe biggest limitation of our method is that it has been

Conference Session

The Evolution of Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Gerald Thuesen, Georgia Institute of Technology

Tagged Divisions

Engineering Economy

field of engineering had become, a paper “Education forFactory Management” was presented by Hugo Diemer in 1903. He was on the faculty atPenn State and he played a pivotal role in the development of the first IndustrialEngineering program the country at that institution in 19084. Frank B. Gilbreth joinedS.P.E.E. in 1911 and he held a Symposium on Scientific Management in 1912. Anotherfounding father of Industrial Engineering, Frederick W. Taylor received an M.E. degreeat night from Stevens Institute of Technology in 1883. He died suddenly of pneumoniaon March 21, 1915 and his obituary appeared in the S.P.E.E. journal5.The Constitution of S.P.E.E. required that a group of members that desired officialrecognition be first formed as a Committee

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

John Ristroph, University of Louisiana-Lafayette

Tagged Divisions

Engineering Economy

Education, 2007 Spreadsheet Techniques for Engineering Professors: The Case of Excel and Engineering EconomicsAbstractThis paper provides engineering professors with techniques for using spreadsheets to improveteaching. It focuses on how to use the software, rather than classroom dynamics, by explainingmethods for applying Excel to engineering economics that can be used in other disciplines. Itfirst discusses intrinsic functions, and then it develops custom functions that use notation familiarto a student, such as PF(i , n) for (P|F, i , n). Next it covers how to produce diagrams and graphicsvia the drawing toolbar and custom cut-and-paste libraries, as well as how to show all formulasand logic rather than just numeric

Conference Session

The Evolution of Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Joseph Hartman, Lehigh University; David Enke, University of Missouri

Tagged Divisions

Engineering Economy

summer of 2006. He is an active member of ASEE, IIE, and INFORMS and currently serves as Editor of "The Engineering Economist" and the Senior Vice President of Publications on the IIE Board of Trustees.David Enke, University of Missouri Page 12.742.1© American Society for Engineering Education, 2007 Financial Engineering: The Savior or End of Engineering Economy?AbstractThere has been a major push into the field of “financial engineering” in the last few years,although the field has been growing in both research and education for over two decades.Initially, the field was described as

Conference Session

Effective Tools for Teaching Engineering Economy

Collection

2007 Annual Conference & Exposition

Authors

Kailash Bafna, Western Michigan University; Betsy Aller, Western Michigan University

Tagged Divisions

Engineering Economy

AC 2007-2641: ENHANCING THE LEARNING OF ENGINEERING ECONOMYWITH INNOVATIVE TECHNOLOGY AND TEACHINGKailash Bafna, Western Michigan University KAILASH M. BAFNA is Professor of Industrial and Manufacturing Engineering at Western Michigan University. He is a Fellow of the Institute of Industrial Engineers and a registered Professional Engineer. He teaches Engineering Economics, Facilities Design and Materials Handling, and Quality Control. His current research interests are in the areas of incorporating technology in education and developing methodology to enhance web-based learning.Betsy Aller, Western Michigan University Betsy M. Aller is Assistant Professor of Industrial and Manufacturing