June 15, 2014
June 15, 2014
June 18, 2014
24.771.1 - 24.771.9
Integrating Economic Analysis into Capstone DesignThis paper presents the use of engineering economy methods as a design tool in a seniorcapstone design course sequence within a general undergraduate engineering curriculum. Thesenior capstone design course sequence includes two semesters, small project teams (i.e., 3-4students), and primarily industry sponsored projects. Results from the capstone work, including:results, papers, and presentations will be used to classify the state of engineering economymethods used in the design process. This work is significant since student teams are using theindustry sponsor’s preferred metrics and performance measures to determine economic success(or failure) of a design, rather than the classical methods provided by classroom instruction in thetraditional engineering economics course; which is generally taken before the senior capstonesequence begins.
Dixon, G., & Wilck, J. (2014, June), Integrating Economic Analysis into Capstone Design Paper presented at 2014 ASEE Annual Conference & Exposition, Indianapolis, Indiana. 10.18260/1-2--20663
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