Contemporary Engineering Economics 6th Edition by Chan Park

Exercise 2

Work in small groups and brainstorm ideas about how a common appliance, device, or tool could be redesigned to improve it in some way. Identify the steps involved and the economic factors that you would need to consider prior to making a decision to manufacture the redesigned product. A detailed design and actual cost estimates are not required. Some items which could be considered for this redesign exercise are a shopping cart, telephone, can opener, screwdriver, etc.