PD4004 Quality and Financial Concepts in Product Development Syllabus:
PD4004 Quality and Financial Concepts in Product Development Syllabus – Anna University PG Syllabus Regulation 2021
OBJECTIVES:
The main learning objective of this course is to prepare students for:
1. Applying the concept and principles of quality tools such as seven old and new tools of quality, SPC, multivariate charts, box plots, Pareto charts in product development.
2. Applying the concept and principles of quality tools such as benchmarking, QFD, HoQ, and reliability in product development.
3. Applying the concept and principles of Six Sigma and Lean manufacturing in product development.
4. Applying the concept and principles of robust design and embodiment design in product development.
5. Applying the concept and principles of finance and working capital management in product development.
UNIT I QUALITY TOOLS I
Seven Statistical Tools of Quality – New Seven Management Tools – Multivariable Charts and 3D Plot – Statistical Process Control: Problems in Mean and Range Chart; p, np, u and c chart; Problems in Box Plot and Pareto Chart.
UNIT II QUALITY TOOLS II
Benchmarking: Types; Process; Benefits – Quality Function Deployment (QFD): Concept; Benefits; Process; House of Quality: Structure and Methodology – Reliability: Hazard / Failure Rate; Mean Time Between Failure; Simple problems in Series; Parallel; Combination; Standby Systems.
UNIT III DESIGN FOR SIXSIGMA AND LEAN PRINCIPLES
Six Sigma: Definition; Concept ;Process (DMAIC Methodology) – Project selection for Six Sigma (Types of Quality Problems) – Key Tools in Lean Production / Manufacturing – 4R Total Improvement – PDSA Cycle: Phases; Benefits – Kaizen and Kairyo – 5S House Keeping – TPM: Definition; Objective; Pillars; Steps.
UNIT IV ROBUST DESIGN AND EMBODIMENT DESIGN
Robust Design: Definition; Process Steps – Embodiment Design: Basic methods: Refining geometry and layout – General process of product embodiment – Embodiment checklist – Advanced methods: Systems modeling – Mechanical embodiment principles – FMEA Procedure; benefits.
UNIT V FINANCE AND WORKING CAPITAL MANAGEMENT
Financial Planning: Definition; Need; Sources; Capital Structure; Capitalization; Term Loans; Short term Finance; Venture Capital; Export Finance – Working Capital Management: Definition; Significance; Assessment; Factors; Sources; Management.
OUTCOMES:
The student will
1. Apply the concept and principles of quality tools such as seven old and new tools of quality, SPC, multivariate charts, box plots, Pareto charts in product development.
2. Apply the concept and principles of quality tools such as benchmarking, QFD, HoQ, and reliability in product development.
3. Apply the concept and principles of Six Sigma and Lean manufacturing in product development.
4. Apply the concept and principles of robust design and embodiment design in product development.
5. Apply the concept and principles of finance and working capital management in product development.
REFERENCES:
1. Fundamentals of Quality control and improvement 2nd edition, AMITAVA MITRA, Pearson Education Asia, 2002.
2. Product Design and Development, KARL T. ULRICH, STEVEN D. EPPINGER, TATA McGraw-HILL- 3rd Editions, 2003.
3. Product Design Techniques in Reverse Engineering and New Product Development, KEVIN OTTO & KRISTIN WOOD, Pearson Education (LPE), 2001.
4. The Management and control of Quality-6th edition-James R. Evens, William M Lindsay Pub: son south-western University of Mumbai, Mechanical Engineering, M E Product Design and Development (New 2014) Page 8/48.