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Quo Vadis, Engineering Economics

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Conference

2012 ASEE Annual Conference & Exposition

Location

San Antonio, Texas

Publication Date

June 10, 2012

Start Date

June 10, 2012

End Date

June 13, 2012

ISSN

2153-5965

Conference Session

Instructional Design

Tagged Divisions

Engineering Management, Systems Engineering, Engineering Economy, and Industrial Engineering

Page Count

6

Page Numbers

25.1094.1 - 25.1094.6

DOI

10.18260/1-2--21851

Permanent URL

https://peer.asee.org/21851

Download Count

106

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Paper Authors

biography

John H. Ristroph University of Louisiana, Lafayette

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John Ristroph is an Emeritus Professor at the University of Louisiana, Lafayette. This summer will mark his 42nd year of teaching engineering economics. He maintains his passion for the subject and is actively developing a novel computer-aided instructional system to enhance the self-learning that should be part of an engineering student's homework experience.

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Abstract

Quo Vadis, Engineering EconomicsThis paper examines major challenges facing teachers of engineering economics in the comingyears. One prominent challenge is that many colleges are under pressure to reduce the number ofhours required for graduation, and a natural inclination is for professors to de-emphasize coursessuch as engineering economics that are not offered within their major. Another challenge isadapting to technological change and fully utilizing computer-aided-instruction, computationalsoftware, and Web-based technologies to more fully develop student's skills withoutcompromising their understanding of basic concepts, development of analytical procedures andfocus on design, or ability to continue life-long learning.Some alternative strategies for dealing with these challenges are considered, such as to establishlinkages with industrial groups who need designs to be economically driven or to systematicallyidentify and review existing software and Web technologies for possible incorporation into theteaching process. The purpose of the paper is to initiate a dialogue to identify other majorchallenges and strategies that members of the Engineering Economics Division might wish toconsider in strategic planning for the division or for their own individual programs for researchand development.

Ristroph, J. H. (2012, June), Quo Vadis, Engineering Economics Paper presented at 2012 ASEE Annual Conference & Exposition, San Antonio, Texas. 10.18260/1-2--21851

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