Company RM runs a boat manufacturing business which has differentiation with their business strategy compared to other companies. With constant innovation and seeking customer inputs, dealers and consultants in the design stage, the firm has successfully managed to provide unique products to its customers. The development phase of the product is speeded up by immediately taking the product from the design stage to styling studio. Having released products like water-skier, 20-foot inboard-outboard performance boat and 52-foot sports yacht, the production personnel are put under pressure to respond to the new product. The lifecycle time is 3 years. The firm found that the product development part can be fastened by involving suppliers in the design phase. The CAD provides product specification after the product had completed the concept and styling phase. A plug is formed by foam based carving which is drove by the specifications from CAD system. Permanent molds are made for the new design which takes about 4 to 8 weeks. Boats are made by joining the molds. To determine: How does the concept of product lifecycle apply to Company RM’s products.

Question

Want to see the full answer?

Answer 1

Question

Chapter 5, Problem 1VC

Summary Introduction

Case summary:

Company RM runs a boat manufacturing business which has differentiation with their business strategy compared to other companies. With constant innovation and seeking customer inputs, dealers and consultants in the design stage, the firm has successfully managed to provide unique products to its customers.

The development phase of the product is speeded up by immediately taking the product from the design stage to styling studio. Having released products like water-skier, 20-foot inboard-outboard performance boat and 52-foot sports yacht, the production personnel are put under pressure to respond to the new product. The lifecycle time is 3 years.

The firm found that the product development part can be fastened by involving suppliers in the design phase. The CAD provides product specification after the product had completed the concept and styling phase.

A plug is formed by foam based carving which is drove by the specifications from CAD system. Permanent molds are made for the new design which takes about 4 to 8 weeks. Boats are made by joining the molds.

To determine: How does the concept of product lifecycle apply to Company RM’s products.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

To help with preparations, a couple has devised a project network to describe the activities that must be completed by their wedding date. Start A Ꭰ F B E The following table lists the activity time estimates (in weeks) for each activity. Optimistic Most Probable Activity Pessimistic A 4 5 6 B 2.5 3 3.5 C 5 6 7 D 5 5.5 9 E 5 7 9 F 2 3 4 G 7 9 11 H 5 6 13 H Finish Based only on the critical path, what is the estimated probability that the project will be completed within the given time frame? (Round your answers to four decimal places.) (a) Within 19 weeks? (b) Within 21 weeks? (c) Within 25 weeks?

You may need to use the appropriate technology to answer this question. Mueller Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 46-week completion date requested by the owner. The Mueller project manager prepared the following project network. B H Start A C G Finish E Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable Pessimistic A 4 12 B 6 7 8 C 6 18 D 3 5 7 E 6 9 18 F 5 8 17 G 10 15 20 H 5 13 (a) Find the critical path. (Enter your answers as a comma-separated list.) (b) What is the expected project completion time (in weeks)? weeks i (c) Based only on the critical path, what is the estimated probability the project can be completed in 46 weeks as requested by the owner? (Round your answer to four decimal places.) (d) Based only on the critical path, what is…

Bridge City Developers is coordinating the construction of an office complex. As part of the planning process, the company generated the following activity list. Draw a project network that can be used to assist in the scheduling of the project activities. Activity Immediate Predecessor ABC E FGH ] A, B A, B D E с с F, G, H, I A E Start B D A E Start B D H H E A E Finish Start D F J Finish Start B D F Finish Finish C H I H