Podcast
Questions and Answers
What does Concurrent Engineering involve?
What does Concurrent Engineering involve?
What are the 3 major determinants of market share and profitability of an organization?
What are the 3 major determinants of market share and profitability of an organization?
How do communication satellites function?
How do communication satellites function?
What is the purpose of beveling train wheels to make them wider on the inside?
What is the purpose of beveling train wheels to make them wider on the inside?
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What is total quality development?
What is total quality development?
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What does the concept creation process involve?
What does the concept creation process involve?
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Study Notes
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
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Description
Test your knowledge about concurrent engineering and the simultaneous consideration of downstream activities in product design. Learn about the traditional sequential engineering approach and its comparison with concurrent engineering.
