Engineering Economist最新文献

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Term structures and scenario-based social discount rates under smooth ambiguity 平滑模糊条件下的期限结构和基于情景的社会折现率
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-07-02 DOI: 10.1080/0013791X.2020.1781990
Dowon Kim, K. Kim, Jiwoong Lee
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引用次数: 0
Evaluating students with online testing modules in engineering economics: A comparision of student performance with online testing and with traditional assessments 用工程经济学在线测试模块评估学生:学生表现与在线测试和传统评估的比较
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-06-29 DOI: 10.1080/0013791x.2020.1784336
V. Rane, C. MacKenzie
{"title":"Evaluating students with online testing modules in engineering economics: A comparision of student performance with online testing and with traditional assessments","authors":"V. Rane, C. MacKenzie","doi":"10.1080/0013791x.2020.1784336","DOIUrl":"https://doi.org/10.1080/0013791x.2020.1784336","url":null,"abstract":"Abstract Engineering economics courses often require students to take time-constrained, in-class exams in which they solve problems by hand, possibly referring to interest rate tables. Many students rely on partial credit to successfully pass exams. Outside of the classroom, professionals rely on computers to solve engineering economics problems, which raises the question of whether engineering economics courses are correctly assessing student performance. This article describes the study of a large engineering economics class using a non-conventional testing method. Student performance was evaluated using online testing modules with a stringent passing criterion, and the tests could be taken multiple times. The questions for each testing attempt were pulled from a database so that students received a new question every time. We compare the performance of students who were assessed using traditional methods with the performance of students assessed with these online testing modules. Our analysis shows that, overall, students who were assessed using the online testing modules earned better grades than students who were assessed via traditional methods. The analysis also discusses several benefits and drawbacks to using online assessments compared with traditional methods. The online assessment method could be useful in large engineering courses that are formula-based.","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"213 - 235"},"PeriodicalIF":1.2,"publicationDate":"2020-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791x.2020.1784336","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43774722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Cashflows: A python library for computations in financial analytics developed by Juan David Velásquez-Henao and Ibeth Karina Vergara-Baquero 现金流:Juan David Velásquez Henao和Ibeth Karina Vergara Baquero开发的金融分析计算python库
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-06-26 DOI: 10.1080/0013791x.2020.1784516
Joseph H. Wilck
{"title":"Cashflows: A python library for computations in financial analytics developed by Juan David Velásquez-Henao and Ibeth Karina Vergara-Baquero","authors":"Joseph H. Wilck","doi":"10.1080/0013791x.2020.1784516","DOIUrl":"https://doi.org/10.1080/0013791x.2020.1784516","url":null,"abstract":"Cashflows is a Python library developed by Juan David Velasquez-Henao and Ibeth Karina Vergara-Baquero that provides time value of money calculations in the Python programing language. The cashflow...","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"262 - 263"},"PeriodicalIF":1.2,"publicationDate":"2020-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791x.2020.1784516","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46556036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Investment decisions and the logic of valuation. Linking finance, accounting, and engineering 投资决策和估值逻辑。连接金融、会计和工程
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-06-25 DOI: 10.1080/0013791x.2020.1784515
J. Hartman
{"title":"Investment decisions and the logic of valuation. Linking finance, accounting, and engineering","authors":"J. Hartman","doi":"10.1080/0013791x.2020.1784515","DOIUrl":"https://doi.org/10.1080/0013791x.2020.1784515","url":null,"abstract":"","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"259 - 261"},"PeriodicalIF":1.2,"publicationDate":"2020-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791x.2020.1784515","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43483800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An engineering economy concept inventory 一个工程经济概念清单
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-06-12 DOI: 10.1080/0013791x.2020.1777360
Karen M. Bursic
{"title":"An engineering economy concept inventory","authors":"Karen M. Bursic","doi":"10.1080/0013791x.2020.1777360","DOIUrl":"https://doi.org/10.1080/0013791x.2020.1777360","url":null,"abstract":"Abstract There has been considerable recent emphasis on valid assessment of learning in engineering education. When new teaching pedagogies are introduced, it can be very challenging to demonstrate increases in learning of course concepts. While there are a number of accepted concept inventories available for some engineering topics (statics and dynamics, heat and energy, signals and systems, and statistics), reliable and valid tools for assessing learning are not readily available for many curriculum areas, including engineering economy. This paper discusses the reliability and validity of the Engineering Economy Concept Inventory (EECI) that can be used to assess learning in any introductory engineering economy course. Development of the EECI began in 2009 for use in assessing the effectiveness of model-eliciting activities in the classroom and has since been revised and reformulated a number of times. In the fall of 2018, the EECI was administered at multiple institutions for further evaluation of its validity and results from these groups of students are presented. The paper concludes with remarks regarding the reliability and validity of the instrument and recommendations for its use as a tool to assess knowledge in engineering economy.","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"179 - 194"},"PeriodicalIF":1.2,"publicationDate":"2020-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791x.2020.1777360","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46404102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
“Let’s Bid!” - A modular activity to promote interest in engineering economy “让我们报价!-一个模块化的活动,以提高对工程经济的兴趣
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-04-03 DOI: 10.1080/0013791x.2020.1745977
D. Nock
{"title":"“Let’s Bid!” - A modular activity to promote interest in engineering economy","authors":"D. Nock","doi":"10.1080/0013791x.2020.1745977","DOIUrl":"https://doi.org/10.1080/0013791x.2020.1745977","url":null,"abstract":"Abstract This article presents a modular activity designed to promote interest and understanding of engineering economics concepts in a complex environment. Through a competition game, called “Let’s Bid!”, the students are able to understand the relationship between technological characteristics and supply and demand equilibrium in electricity markets, and discuss how uncertainty impacts investments in generation capacity and firm pricing strategies. This innovative teaching method was implemented in middle school, high school, and undergraduate college settings. Each implementation took less 60 minutes, and resulted in a strong student interest and understanding of engineering economics concepts (i.e., supply-demand equilibrium, risk, and markets).","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"195 - 212"},"PeriodicalIF":1.2,"publicationDate":"2020-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791x.2020.1745977","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49023140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Crypto-assets portfolio optimization under the omega measure 度量下的加密资产组合优化
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-04-02 DOI: 10.1080/0013791X.2019.1668098
Javier G. Castro, E. A. Tito, L. E. Brandão, L. Gomes
{"title":"Crypto-assets portfolio optimization under the omega measure","authors":"Javier G. Castro, E. A. Tito, L. E. Brandão, L. Gomes","doi":"10.1080/0013791X.2019.1668098","DOIUrl":"https://doi.org/10.1080/0013791X.2019.1668098","url":null,"abstract":"Abstract Crypto-currencies, or crypto-assets, represent a new class of investment assets. The traditional portfolio analysis approach of Markowitz is not appropriate for use with portfolios containing crypto-assets, as the model requires that the investor have a quadratic utility function or that the returns be normally distributed, which isn’t the case for crypto-assets. We develop a portfolio optimization model based on the Omega measure which is more comprehensive than the Markowitz model, and apply this to four crypto-asset investment portfolios by means of a numerical application. The results indicate that these portfolios should favor traditional market assets over crypto-assets. In the case of portfolios formed only by crypto-assets, there is no clear preference in favor of any crypto-asset in particular.","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"114 - 134"},"PeriodicalIF":1.2,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791X.2019.1668098","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48990431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Construction cost map of European countries 欧洲各国建筑造价图
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-04-02 DOI: 10.1080/0013791X.2019.1668097
Cenk Budayan, I. Dikmen, T. Birgonul
{"title":"Construction cost map of European countries","authors":"Cenk Budayan, I. Dikmen, T. Birgonul","doi":"10.1080/0013791X.2019.1668097","DOIUrl":"https://doi.org/10.1080/0013791X.2019.1668097","url":null,"abstract":"Abstract In the globalized business world, construction companies start to seek new opportunities to invest on an international basis in order to gain profit. Therefore, construction companies have to conduct not only national projects but also international projects to be competitive. However, although these international projects can be profitable, the construction companies face many challenges in the management of these projects due to the country-specific problems and conditions. This can lead to variation in the management of similar projects conducted in different countries. In particular, cost estimation in different countries is a challenging task for construction companies. Therefore, in order to provide insights about construction cost in different countries, different organizations publish construction cost indices. However, some criticisms related to the reliability and usability of these indices are stated. In this study, a new concept, called a cost map, is proposed by developing a framework based on twelve macro level parameters. The cost map is applied to 37 European countries. The data related to these parameters are collected using different databases. European countries are clustered by using a self-organizing map. As a result of this study, the cost map is determined as a reliable and convenient tool for a cost comparison.","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"135 - 157"},"PeriodicalIF":1.2,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791X.2019.1668097","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44777815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Economic viability of foreign investment in railways: a case study of the China-Pakistan Economic Corridor (CPEC) 外商投资铁路的经济可行性——以中巴经济走廊为例
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-04-02 DOI: 10.1080/0013791X.2019.1668096
Y. Ali, Muhammad Sabir, M. Bilal, Mehnab Ali, A. Khan
{"title":"Economic viability of foreign investment in railways: a case study of the China-Pakistan Economic Corridor (CPEC)","authors":"Y. Ali, Muhammad Sabir, M. Bilal, Mehnab Ali, A. Khan","doi":"10.1080/0013791X.2019.1668096","DOIUrl":"https://doi.org/10.1080/0013791X.2019.1668096","url":null,"abstract":"Abstract Pakistan Railways has faced a severe financial crisis in recent years. Pakistan has recently become a partner with China in a mega-investment project under an agreement called the China-Pakistan Economic Corridor (CPEC). Among other things, CPEC also includes a range of investments in Pakistan Railways. This particular study focuses on the analysis of US$8.2 billion investment in the upgrade and expansion of the Karachi-Peshawar railways link, which is also known as the ML-1 (Main Line 1). The study found ML-1 as economically viable with a payback period of 10 years. Furthermore, ML-1 project investment is expected to result in uplifting Pakistan Railways, mainly through an increase in freight and passenger transportation. Some risk factors may hinder the expected economic return from the CPEC investment in Pakistan Railways. These factors include consistency in the government policies, the status of the Pakistani economy in upcoming years, and law and order situations in the country. The study has a utility for the governments of both countries and larger business communities have stakes in the trade between the two countries. It is equally beneficial for the international community, businesses (both in China and Pakistan) and locals of the region associated with the CPEC infrastructure.","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"65 1","pages":"158 - 175"},"PeriodicalIF":1.2,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791X.2019.1668096","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41404100","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Managing construction risk with weather derivatives 利用天气衍生品管理施工风险
IF 1.2 4区 经济学
Engineering Economist Pub Date : 2020-03-11 DOI: 10.1080/0013791X.2020.1733721
David Islip, Jason Wei, R. Kwon
{"title":"Managing construction risk with weather derivatives","authors":"David Islip, Jason Wei, R. Kwon","doi":"10.1080/0013791X.2020.1733721","DOIUrl":"https://doi.org/10.1080/0013791X.2020.1733721","url":null,"abstract":"Abstract Among construction industry participants, weather has been perceived to be one of the most critical factors impacting project cash-flows. The overall impact of weather on the contractor’s project objectives is non-trivial due to construction industry incentive structures and contract specifics. This paper presents a framework that leverages stylized facts from the construction industry to motivate the use of weather derivatives in managing the non-trivial weather impacts. The proposed framework is demonstrated using data provided by a large construction contractor. We show that weather derivative portfolios used for hedging purposes by the contractor can address the contractor’s aversion for losses as well as the complicated relationship between weather and construction. Furthermore, weather derivative hedging reduces the contractor’s incentive to partake in risk chasing behavior in the face of weather delays and reduces the likelihood of the contractor exploiting other claims channels within the project contract.","PeriodicalId":49210,"journal":{"name":"Engineering Economist","volume":"66 1","pages":"150 - 184"},"PeriodicalIF":1.2,"publicationDate":"2020-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/0013791X.2020.1733721","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44340206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
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