Engineering Economy Division
Members are involved in economic and investment analysis. The key concern of these industrial engineers is to improve productivity and quality through public and private sector decision making about the economic feasibility and justification of investments in technological innovations. Members receive Engineering Economy Solutions, a periodic electronic newsletter containing information on important new cost reduction techniques.
The referred journal publishes articles, case studies, surveys, book and software reviews, and reader comments that represent current research, practice, and teaching involving capital investment. It is published quarterly by a joint partnership of the engineering economy divisions of the American Society of Engineering Education and the Institute of Industrial Engineers.
Nominations are requested for the 2010 Wellington Award, which is given annually by the Institute of Industrial Engineers in recognition of significant contributions to the field of Engineering Economy. The award is named after Arthur M. Wellington, a 19th century engineer who wrote one of the first books on the application of economic principles to an engineering problem, "The Economic Theory of Railroad Location" (1887).
Nominations are accepted for individuals and institutions. A selection panel will evaluate qualifications of the candidates for the award. The criteria used in the evaluation include original contributions and service to the profession. The award will be presented in June at the IIE Annual Conference and Expo 2010.
To nominate a candidate, send a letter of nomination, with supporting information, to Prof. Paul Kauffmann, Department of Engineering, East Carolina University, Greenville, NC 27858 or by e-mail (kauffmannp@ecu.edu).
The deadline for nominations is April 12.
The 2009 Wellington Award was presented at the 2009 Annual Conference in Miami to Adedeji Badiru, professor and head of Systems & Engineering Department, Air Force Institute of Technology, Wright Patterson Air Force Base, Dayton, Ohio.
Best Paper Award
Congratulations to Levis R. Cabrera and German E. Giraldo of the University of Puerto Rico, winners of the best paper award for their paper titled "A Multiple Criteria Decision Analysis for the FDI in Latin-American Countries."
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