Engineering Economy – Webinar archive
Cost estimation is done in nearly all organizations but it is often ad hoc. Moreover, if the cost drivers are both quantitative and qualitative it is very difficult if not impossible to estimate costs analytically with existing methods. This webinar addresses this issue.
This webinar will discuss a step step-by-step approach to teaching Engineering Economy in a flipped classroom format and highlight the benefits to the students and the instructor. Steps for a gradual transition from teaching this course in the traditional classroom format to the flipped classroom format will be presented.
Professor Jane M. Fraser, who received the Wellington Award from IIE in 2013 for outstanding contributions in the field of engineering economy, will present a history of the Wellington Award. She will describe the accomplishments of Arthur Wellington, for whom the award is named as well as those of the other recipients in order to trace the development of the field of engineering economy.
This webinar is intended to be the last of three which will have been held over the past year. However, each session has been self-contained. The purpose of this series is to explore the risk of economic choices. This third and last session will focus on how to mitigate cost risks after they have been identified and assessed.
In today’s uncertain economic world the risk that engineering firms experience when making capital budgeting decisions can be significant. This webinar is intended to be the second of three which will be held over the coming months. However, each session will be self-contained. The purpose of this series is to explore the risk of economic choices. This second session will focus on how to assess risks after they have been identified and, in some cases; quantify risk in choices that involve capital decisions. The format for the webinar will be interactive and contain some presentation style information about the topic as well as small case studies.
In today’s uncertain economic world the risk that engineering firms experience when making capital budgeting decisions can be significant. This webinar is intended to be the first of three which will be held over the coming months. The purpose of this series is to explore the risk of economic choices.