(3 credits)
Instructors
- Kenneth Isman, P.E.
Prerequisite
- Permission of the Department
Textbook
- None
Course Description
- The course is designed to have the student apply critical thinking in both engineering and business terms through a unique combination of student-driven, competition-based, long-term, targeted learning.
Learning Outcomes
Upon completing this course, the student should:
- Perform a Parametric Study to determine the optimum value, or attribute, of a component of the product being developed to enhance fire protection engineering.
- Write a Business Plan for a company dedicated to developing and distributing a new product to enhance fire protection engineering.
- Distinguish between the different methods used to determine the price point for a product.
- Estimate reasonable market size for a new product in fire protection engineering.
- Estimate profit using price point, market size and reasonable cost projections for a new product in fire protection engineering.
Tentative Couse Outline
- Invent a new product for use in the fire protection field.
- Develop the technical specifications for how their product will work.
- Create a business case that establishes the need for the product in the marketplace.
- Create an estimate of the market size for the product.
- Estimate of the profit to be made from the sales of the product.
- Present their product and business plan to a panel of experts.
Follow this link to learn more about this course.
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