Engineering Economics

Assignment – Definition of Engineering Economy and Ethics

1. Definition of Engineering Economy and list one typical situation in the operation of a manufacturing firm where an engineering economic analysis would significantly assist decision-making?

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2. Professional Ethics:

• Is it possible for employees to be successful in the workplace without acting ethically? Explain.

• Why does each professional field have its own codes of ethics?

• Can you suggest an effective method in teaching ethics for students in the Sciences, Engineering, and Technology fields? (E.g. workshop, classroom teaching, seminar, games, and simulation)? Explain and provide examples or related websites (if any).

Assignment should be between 500-700 words and double space, Time NW 12. The writing format and reference list must follow the APA style, 6th edition.

Visit the suggested websites and answer questions.

• Visit website http://managementhelp.org/topics.htm and then scroll down to “Ethics and Social Responsibility and then read the definitions of business ethics found under “The complete handbook for managing ethics/definitions.

• Visit website https://www.nspe.org/sites/default/files/resources/pdfs/Ethics/CodeofEthics/NSPECodeofEthicsforEngineers.pdf and read codes of ethics from National Society of Professional Engineers (NSPE) and Institute of Electrical and Electronics Engineers (IEEE). For more information on Engineering Economics check on this: https://en.wikipedia.org/wiki/Engineering_economics

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