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1100 words for the report,
Oral presentation ()
Each team will have 15 minutes to present its problem, analysis, alternative designs, and final results. Every team member is required to participate. PowerPoint is required for this presentation. All students should be prepared to evaluate the performance of his/her teammates and other design teams.
So the ppt should contain: problem, analysis, alternative designs, and final results
Presentation is 11-12 slides
PROJECT Guidelines
1. Project Objectives:
a) To apply engineering economic decision making to realistic problems.
b) To improve communication skills both in presentation and report writing.
2. Problem Statement
In this course design project, students will voluntarily form into project teams of 3~5 students each. Each project team is required to identify a project pertinent to one of the following engineering economic decision problems.
a) Service Improvement
b) Equipment and Process Selection
c) Equipment Replacement
d) New Product and Product Expansion
e) Cost Reduction
Refer to example problems of the short case studies in the textbook.
3. Project Procedure
Project teams must follow this decision-making process.
a) Recognize a decision problem
b) Define the goals or objectives
c) Collect all the relevant information
d) Identify a set of feasible decision alternatives
e) Select the decision criterion to use (2-3 economics, 3-4 non-economic)
f) Select the best alternative
g) Document and present the project problem, analysis, and results.
4. Project Report Requirements
a) Written proposal ().
Recognize a decision problem, define the project objectives and tasks, plan the project schedule, team members and their responsibilities, etc.
b) Oral presentation ()
Each team will have 15 minutes to present its problem, analysis, alternative designs, and final results. Every team member is required to participate. PowerPoint is required for this presentation. All students should be prepared to evaluate the performance of his/her teammates and other design teams.
c) Written final report (due 2022/June/06)
Cover page
Executive Summary (100 ~ 150 words)
Table of Contents
(Report body should include following sections)
1. Problem statement (recognize a decision problem),
2. Project objectives (define the goals or objectives),
3. Data and sources (describe the data used and list any outside sources)
4. Problem analysis (collect all the relevant information, identify a set of feasible decision alternatives),
5. Evaluate alternatives and perform calculations (select the decision criterion to use and conduct economic analysis)
6. Report the best alternative and other results (select the best alternative),
7. Conclusions and recommendations (Discuss possible risk factors in your analysis and make a recommendation for future action.)
Reference list
Appendices (if any)
These all are the instructions in details for the project
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