Engineering Economy: A Two Step Approach To Energy And Environmental Strategies

Abstract

This paper proposes a two-course sequence to introduce the fundamental concepts and applications of engineering economy. The main idea being explored in this paper is to introduce discipline-specific case studies and their analysis using engineering economic methods. The advantage of this approach will be a better appreciation of engineering economy by non-IE majors.

Where Is The Engineering In Engineering Economy?

“…A twocourse sequence with the second emphasizing applications in the engineering student's major was proposed by Mallik and Sarin. [3] An alternate viewpoint is that by putting more emphasis on the personal finance aspects, student motivation in learning the basic concepts will be enhanced. Martinazzi and Lavelle [4] suggest that a series of exercises in personal finance be utilized in the first month of classes.…”