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Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427 Exercise 1
Read the Wall Street Journal over a one-week period and identify the business investment news using one of the categories-(1) new products or product expansion, (2) equipment and process selection, (3) cost reduction, (4) equipment replacement, or (5) service or quality improvement.
Explanation
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New product or product expansion:
In Journal WJ, a published article states that an ipad produced by Company X will launch to market soon. The new ipad will have advantages of HD screen, smart looking, and quad core processor. Hence, the new product will consume low power and considered as the fast processer than earlier.
Process selection:
In Journal WJ, a published article states that the Company X, which is a mobile company, will soon launch a mobile to the market with quad core processer. The company supports its product with best features such as; the process will be more advanced than the earlier.
Cost reduction:
In Journal WJ, a published article states that the Company AL has realized that lathe machine is more expensive than CHC machine. Hence, the company opted to use CHC machine considering the cost reduction factor of it.
Equipment replacement:
In Journal WJ, a published article states that the Company ED feels that Lathe machine is more efficient with longer useful life than CHC machine. Hence, the company opted to use Lathe machine in metal snipping.
Quality improvement:
In Journal WJ, a published article states that the Company Y felt that AGIL manufacturing is better than Lean manufacturing for steady elimination of waste. Hence, the company decided to shift to AGIL manufacturing in future products.
In Journal WJ, a published article states that an ipad produced by Company X will launch to market soon. The new ipad will have advantages of HD screen, smart looking, and quad core processor. Hence, the new product will consume low power and considered as the fast processer than earlier.
Process selection:
In Journal WJ, a published article states that the Company X, which is a mobile company, will soon launch a mobile to the market with quad core processer. The company supports its product with best features such as; the process will be more advanced than the earlier.
Cost reduction:
In Journal WJ, a published article states that the Company AL has realized that lathe machine is more expensive than CHC machine. Hence, the company opted to use CHC machine considering the cost reduction factor of it.
Equipment replacement:
In Journal WJ, a published article states that the Company ED feels that Lathe machine is more efficient with longer useful life than CHC machine. Hence, the company opted to use Lathe machine in metal snipping.
Quality improvement:
In Journal WJ, a published article states that the Company Y felt that AGIL manufacturing is better than Lean manufacturing for steady elimination of waste. Hence, the company decided to shift to AGIL manufacturing in future products.
Fundamentals of Engineering Economics 3rd Edition by Chan Park
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