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The Tax Cuts and Jobs Act and Teaching Engineering Economy

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Conference

2019 ASEE Annual Conference & Exposition

Location

Tampa, Florida

Publication Date

June 15, 2019

Start Date

June 15, 2019

End Date

June 19, 2019

Conference Session

Engineering Economy Division Technical Session 1

Tagged Division

Engineering Economy

Page Count

9

Permanent URL

https://peer.asee.org/33428

Download Count

7

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Paper Authors

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Ted Eschenbach P.E. TGE Consulting

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Dr, Ted Eschenbach, PE, is the principal of TGE Consulting, an emeritus professor at the University of Alaska Anchorage, and EMJ’s founding editor emeritus. He is a Fellow of ASEE, ASEM, and IISE. With coauthors he has over 300 publications and presentations, including 20 editions of 4 engineering economy titles, 6 best paper awards at conferences, and the 2009 Grant award. In 2016 he received ASEE’s biannual National Engineering Economy Teaching Excellence Award. He earned his B.S. from Purdue in 1971, his M.S. in operations research in 1973 and his Ph.D. in IE in 1975 from Stanford University, and his MCE from UAA in 1999.

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biography

Jerome P. Lavelle North Carolina State University

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Jerome P. Lavelle is Associate Dean of Academic Affairs in the College of Engineering at North Carolina State University. His teaching and research interests are in the areas of engineering economic analysis, decision analysis, project management, leadership, engineering management and engineering education.

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Neal A. Lewis Fairfield University

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NEAL A. LEWIS, CPEM, received his Ph.D. in engineering management in 2004 and B.S. in chemical engineering in 1974 from the University of Missouri–Rolla and his MBA in 2000 from the University of New Haven. He has over 25 years of industrial experience at Procter & Gamble and Bayer. He is teaching at Fairfield University and Oregon State University. Previously, he taught at UMR, Marshall University, the University of Bridgeport, and the University of New Haven. He has over 100 publications and presentations, including 3 books, 3 best paper awards at conferences, the 2009 Grant award (TEE), and the 2005 Eschenbach award (EMJ). Neal is a Fellow of ASEM.

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Abstract

The Tax Cuts and Jobs Act (TCJA) has recently changed federal depreciation and taxes. Thus, now is a good time to re-examine how these topics should be addressed in engineering economy courses. One source to examine for guidance is the set of textbooks most commonly used. There are large commonalities and some surprising differences in coverage among the currently available texts. In choosing what should be covered, instructors and authors must balance providing key details needed for the FE exam or proper analysis of real decisions shortly after graduation and broader principles important forever.

Eschenbach, T., & Lavelle, J. P., & Lewis, N. A. (2019, June), The Tax Cuts and Jobs Act and Teaching Engineering Economy Paper presented at 2019 ASEE Annual Conference & Exposition , Tampa, Florida. https://peer.asee.org/33428

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