Exam 5: Product Design

A result of concurrent engineering in product design is:

Which of the following documents lists the operations necessary to produce the component with the material specified in the bill of material?

What percentage of sales from new products is indicative of industry leaders?

An assembly chart shows an exploded view of the product,usually a three-dimensional or isometric drawing.

________ lists products in descending order of the individual dollar contribution to the firm.

A company manufactures specialty pollution-sensing devices for the offshore oil industry.One particular device has reached maturity,and the company is considering whether to replace it with a newer model.Technologies have not changed dramatically,so the new device would have similar functionality to the existing one,but would be smaller and lighter in weight.The firm's three choices are: (1)keep the old model, (2)design a replacement device with internal resources, (3)and purchase a new design from a firm that is one of its suppliers.The market for these devices will be either "receptive" or "neutral" of the replacement model.The financial estimates are as follows: Keeping the old design will yield a profit of $6 million dollars.Designing the replacement internally will yield $10 million if the market is "receptive," but a $3 million loss if the market is "neutral." Acquiring the new design from the supplier will profit $4 million under "receptive," $1 million under "neutral." The company feels that the market has a 70 percent chance of being "receptive" and a 30 percent chance of being "neutral." Draw the appropriate decision tree.Calculate expected value for all courses of action.What action yields the highest expected value?

What is time-based competition?

Regal Marine's attempts to keep in touch with customers and respond to the marketplace are made impossible because consumer tastes change and maritime engineering improves.

Which of the following typically shows the hierarchy of components,their description,and the quantity of each required to make one unit of a product?

The four phases of the product life cycle are incubation,introduction,growth,and decline.

What is quality function deployment (QFD)?

Identify factors that influence new product opportunities.

The enhancement of existing products is an external product development strategy.

A listing of the hierarchy of components,their description,and the quantity of each required to make one unit of product is the ________.

The expected value of each course of action in a decision tree is determined by starting at the beginning of the tree (the left-hand side)and working toward the end of the tree (the right).

Identify at least three general benefits derived from CAD.

What identifies components by a coding scheme that specifies size,shape,and the type of processing (such as size)?

A company is deciding if it should design an advertising system for use on Twitter©.The first option is to skip out on designing,with no net costs or gains.The second option is System A,which would result in additional sales of either $50,000 under good conditions or $10,000 under bad conditions.The final choice is System B,which would increase sales by $20,000 under both good and bad conditions.Suppose that good conditions are twice as likely as bad conditions.Which option should the company pursue if developing a system costs $25,000?

A document for production that gives the instruction to make a given quantity of a particular item,usually to a given schedule,is a(n):

A process sheet is a type of: