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OPS 571T Wk 1 – Practice: Week 1 Knowledge Check

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OPS 571T Wk 1 – Practice: Week 1 Knowledge Check

Which phase of the generic development process involves construction and evaluation of multiple preproduction versions of the product?

Multiple Choice

Testing and refinement

Concept development

System-level design

Design detail

Production ramp-up

 

 

The Tuff Wheels was getting ready to start its development project for a new product to be added to their small motorized vehicle line for children. The new product is called the Kiddy Dozer. It will look like a miniature bulldozer, complete with caterpillar tracks and a blade. Tuff Wheels has forecasted the demand and the cost to develop and produce the new Kiddy Dozer. The table below contains the relevant information for this project.

 

  

Development cost$1,000,000 

Estimated development time 9months

Pilot testing$200,000 

Ramp-up cost$400,000 

Marketing and support cost$150,000per year

Sales and production volume 60,000per year

Unit production cost$100 

Unit price$170 

Interest rate 8%

________________________________________

 

Tuff Wheels also has provided the project plan shown below. As can be seen in the project plan, the company thinks that the product life will be three years until a new product must be created.           

 

Assume all cash flows occur at the end of each period.

 

  

 

 

A process that emphasizes cross-functional integration and concurrent development of a product and its associated processes is known as ___________. (Choose the correct answer to fill in the blank.)

Multiple Choice

cross-functional design

concurrent engineering

integrated process planning

integrated product planning

team planning

 

 

Similarity of projects allows for a streamlined and highly structured development process in which variant of the generic product development process?

Multiple Choice

Technology-push products

Customized products

Complex systems

Quick-build products

Process-intensive products

 

 

Concept development assumes a proven technology in which variant of the generic product development process?

Multiple Choice

Technology-push products

Quick-build products

Complex systems

Platform products

Process-intensive products

 

 

A reason that firms must develop more new products than ever is which of the following?

Multiple Choice

Product life cycles are shorter

Commitments to joint venture partners

They are replacing old customers with new ones

To amortize heavy investments in development labs

The increased difficulty of defending patents and trade names

 

 

Which of the following is primarily used to help design products that will connect product attributes with customer desires?

Multiple Choice

Phase 0: Planning

House of quality matrix

Value analysis/value engineering

Concurrent engineering

System-level design

 

 

Economic analysis of product development projects is useful in which of the following circumstances?

Multiple Choice

Factory location

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