Concurrent Design Method Quiz

Concurrent Engineering

• Concurrent engineering involves integrating people, tools, and processes to achieve efficient and effective product development
• It aims to reduce product development time and costs while improving quality and customer satisfaction

Market Share and Profitability

• The three major determinants of market share and profitability of an organization are:
  • Quality of the product or service
  • Price of the product or service
  • Timing of market entry

Communication Satellites

• Communication satellites function by receiving signals from a transmitter on Earth and retransmitting them back to Earth
• They are stationed in a geostationary orbit, allowing for continuous communication and transmission of data
• Satellites use transponders to amplify and retransmit signals, enabling long-distance communication over large areas

Train Wheels

• Beveling train wheels makes them wider on the inside to:
  • Allow for smoother movement and less wear on the rails
  • Reduce the risk of derailment by preventing the wheel from climbing up the rail
  • Improve overall safety and efficiency of train operations

Total Quality Development

• Total quality development involves a company-wide effort to improve product quality and customer satisfaction
• It focuses on continuous improvement and employee involvement to achieve excellence in all aspects of the organization

Concept Creation Process

• The concept creation process involves generating and developing new ideas for products or services
• It involves identifying customer needs and preferences, and using techniques like brainstorming and mind mapping to generate innovative solutions