b) how can the concept selection methods used to benchmark or evaluate existing products?

c)imagine that you must choose between plastic or metal for a part of your designing. What are some reasons for selecting metal? list 5

a) A company manufactures hand drills and it is about to launch a new drill. The total market size is 250,000 drills per year. The company is able to capture 30% of the market. The marketing department did a survey and asked the following question after showing the customers a demo of the new product: "Would you purchase the product?" The result of the survey is tabulated below: I would I would probably I might or might I would probably I would definitely not not purchase not purchase purchase the definitely purchase the the drill the drill drill purchase the drill drill 1,200 1,100 1,200 1,000 500 The sample size is 5,000; from previous similar products the company developed the calibration constants for Co as 0.4 and for Co as 0.2. What is the estimated quantity of the product that the company can expect to sell per year? (5 Marks) d) You have to take a decision on which manufacturing method to use for making a large bracket I Option 1 Casting: Tooling cost is $10,000 and cost per part is $10 Option 2 Machining: Fixture cost is $2,000 and cost per part is $30 . What is the breakeven quantity for making the brackets? (2.5 Marks) . If you are to make 200 brackets which method will you choose and why? (2.5 Marks) a) A company manufactures hand drills and it is about to launch a new drill. The total market size is 250,000 drills per year. The company is able to capture 30% of the market. The marketing department did a survey and asked the following question after showing the customers a demo of the new product: "Would you purchase the product?" The result of the survey is tabulated below: I would I would probably I might or might I would probably I would definitely not not purchase not purchase purchase the definitely purchase the the drill the drill drill purchase the drill drill 1,200 1,100 1,200 1,000 500 The sample size is 5,000; from previous similar products the company developed the calibration constants for Co as 0.4 and for Co as 0.2. What is the estimated quantity of the product that the company can expect to sell per year? (5 Marks) d) You have to take a decision on which manufacturing method to use for making a large bracket I Option 1 Casting: Tooling cost is $10,000 and cost per part is $10 Option 2 Machining: Fixture cost is $2,000 and cost per part is $30 . What is the breakeven quantity for making the brackets? (2.5 Marks) . If you are to make 200 brackets which method will you choose and why? (2.5 Marks)