Exam 5: Sustainability in the Supply Chain and Design of Goods and Services

Which of the following is true regarding computer-aided design?

State the benefits of implementing group technology.

The analysis tool that helps determine what products to develop,and by what strategy,by listing products in descending order of their individual dollar contribution to the firm is

The use of product development teams in design and engineering activities is also known as

Identify the specific guidelines that can help an operations manager achieve environmentally friendly designs.

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: keep the old model;design a replacement device with internal resources;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% chance of being "receptive" and a 30% chance of being "neutral." Draw the appropriate decision tree.Calculate expected value for all courses of action.What action yields the highest expected value?

One result of concurrent engineering in product design is

Identify the general benefits derived from CAD.

A company looking for venture capitalist funding is deciding on the design of its operating system (OS)for its new phone.The first option is to simply buy the OS from another company.This would result in sales of either 10,000 units if the market is not crowded with similar phones or sales of only 3,000 units if the market is crowded.If the company decides to design its own OS the phone would have sales of 70,000 units if the OS was popular but sales of only 2,000 if the OS was a failure.Suppose that to recoup the cost of designing their own OS the company would need to sell twice as many phones as when they simply buy the OS for the profit from the scenarios to be equal.Which option should the company choose if the probability that the market is/ is not crowded is 50% and the probability that the OS is popular is 75%?

Which of the following is true regarding value engineering?

The customer may participate in the design of,and in the delivery of,services.

The "make-or-buy" decision distinguishes between what an organization chooses to produce and what it chooses to purchase from suppliers.

The components,their description,and the quantity of each required to make one unit of a product are documented on

JDI,Inc.is trying to decide whether to make-or-buy a part (#J-45FPT).Purchasing the part would cost them $1.50 each.If they design and produce it themselves,it will result in a per unit cost of $0.75.However,the design investment would be $50,000.Further,they realize that for this type of part,there is a 30% chance that the part will need to be redesigned at an additional cost of $50,000.Regardless of whether they make-or-buy the part,JDI will need 100,000 of these parts.Using decision trees analysis and EMV,what should JDI do? Show the decision tree.

Provide some examples of recent product changes,i.e.new products that are replacing older ones.

The role of decision trees in product design is

Group technology requires that

What is a product-by-value analysis,and what type of decision does it help managers make?

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

Discuss the advisability of using modular assemblies in manufacturing.(What are the advantages and disadvantages?)To what extent can these arguments be applied to service products?