DSCI 304 Lecture Notes - Lecture 4: Laundry Detergent, Reverse Engineering, Tylenol (Brand)
13 Sep 2016
School
Department
Course
Professor
Document Summary
Chapter problems 1-5 chapter 3, problems 6 in 4-s reliability and problem 7 in 5 breakeven. 30 multiple choice = 30 take home= 10pts. Questions have to answer before production can we do it can we make it do people want it. People doing it out in the mrkt place. Reverse engineering: buy competitors product and bring it back to shop and take it apart and try to figure out what they do to see if you can get any ideas. Research development: very important aspect, 3 parts basic research, applied research, development phase. Basic research: do mechanics/[physics work? ( spend money testing) Applied research: test if there"s a product application for this idea ( place and product where it will fit in. If you can find then you move to. Development phase: had idea, tested basic, have product application now we want to bring it to the marketplace, marketing that gets it to the marketplace basically entering the market.
