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Engineering Economy Division

IISE CORONAVIRUS RESOURCE & RESPONSE

About the Division

Engineering Economy Division (EED) is part of the IISE. EED supports the mission of the institute, brings together members who are interested in all aspects related to engineering economy, provides member value, and promote the discipline. It also provides means to promote excellence in teaching and research for engineering economy. Focus areas include (but not limited to) asset management, capital investment analysis, financial engineering, cost/benefit analysis, prices and portfolios, real options, life-cycle cost assessment/management, energy and engineering economy, value chain management, technology replacement management, and engineering economy education. Members receive Engineering Economy Solutions, a periodic electronic newsletter containing information on important new cost reduction techniques.

Division Leadership June 2021- June 2022

President 2021 - 2022
Ahmet Akgun
Associate Professor
California University of Pennsylvania
California, PA

Immediate Past President 2021 - 2022
Cameron Mackenzie
Professor and Graduate Coordinator        
Iowa State University    
Ames, IA

Program Chair (President-elect) 2021 - 2022
Raymond L. Smith III                                                         
Assistant Professor of Engineering                                           
East Carolina University                                                         
Greenville, NC

Director 2021 - 2023
Kellie Grasman
Lecturer                                                       
Missouri Science and Technology                                                           
Flushing, MI 

Director 2020 - 2022
Terry R. Collins 
Associate Professor                                             
Oklahoma State University                                             
Stillwater, OK  

Director 2020 - 2022
Nabil Nehme
Assistance Professor of Practice                                             
Lebanese American University                                             
New York, NY   

Wellington Award Committee  
Leland Blank
Chair
Professor Emeritus
Texas A&M 

James T. Luxhoj
Professor and Undergraduate Director 
Rutgers University

The Engineering Economist Editor-in-Chief
Heather Nachtmann, Editor -in-Chief  (2021 –  2024)

The Wellington Award Committee:

  • James Luxhøj (2018 - 2020)
  • Joe Wilck (as immediate past president)

The Engineering Economist Editorial Board:

Three members of The Engineering Economist Editorial Board are appointed by IISE and three members are appointed by ASEE. Sarah Ryan (Iowa State University) is the editor of TEE.

IISE’s Appointments:

  • Cameron Mackenzie (2018 – 2021)
  • Joe Wilck (2018 – 2020)

ASEE’s Appointments:

  • Billy Gray (2018 - 2020)

The Engineering Economy Division Awards

The division currently hosts the following annual awards: 

Award Winners

At the IISE Annual Conference in May, the Engineering Economy Division presented the Wellington Award to Heather Kim LaScola Needy from the University of Arkansas.  

EED awarded Letitia Pohl from the University of Arkansas the Engineering Economy Teaching Award. Alok Dand at the Wichita State University received the Best Student Paper Award for his paper " Analysis of Airline and Passenger Delay Costs using FAA Data."

Would Your Company Like to Sponsor One of the EED AWARDS?

Corporate sponsorship can be a great way to earn some positive publicity for your company and give back to the IISE community. If you think your company would be interested, please contact Bonnie Cameron for more information.

Submit an Article for EED Newsletter

We are continuously looking for new material to provide to our members. If you would like to contribute and want your article to be published in our newsletter, please submit your article to Bayram Yildirim, communications director of the EED Newsletter.

The article should be 2-3 pages, single-spaced, 12-point and in MS Word format. Images and figures should be sent as a JPEG format. Please include a small biography and contact information.

Join us!

If you are not a current member of the division, please join us! We are an active group with a dedicated leadership board and welcome your input. For more information, visit our website or log in here to join the division.

Volunteers are welcome for various division activities. Please contact Mehmet Bayram Yildirim   to express your interest.

Division Bylaws updated

The updated division bylaws are available for you to read, click here.

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