Automatic Coin Collector

Group Members

Abu Naser [15.02.07.102]

Md. Rafi Chowdhury [15.02.07.117]

Khondokar Rabby [15.02.07.129]

Faysal Hossain Bappy [14.01.07.089]

Course Name: Product Design and Development Sessional

Course No.: IPE 3104

DEPARTMENT OF MECHANICAL & PRODUCTION ENGINEERING

AHSANULLAH UNIVERSITY OF SCIENCE & TECHNOLOGY

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Need statement

An automatic coin collector is a coin collecting machine which is more efficient

method than manpower. It can collect coin within a very short time. An individual

could spend hours of counting if made enough transactions to generate a lot of

coins but a coin collector will serve as more efficient method.

It has automatic self deposit coin solution. Basically we can use automatic coin

collector particular in bank, restaurant, grocery shops or many places.

Potential Customers

An automatic coin collector machine can perform like as a man with no mistakes. Manually

counting coin everyday can be tiresome and boring task but this machine can save many time.

Areas and location of market analysis

We conducted surveys as part of our market analysis, they were carried out through online

surveys and also done in person in some local areas where the people had a general idea about

this type of product and also had the need for it. The areas and location for market analysis are

given below

.1. Kunipara

2. Bonosree

3. One Bank

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More than 65 people participated in our survey

Data analysis and survey report

1. Based on the description how useful do you find our product?

a) extremely interested

b) moderately interested

c) slightly interested

d) not at all interested

6%
11%
extreamly interested
51%
moderately interested
32%
sligthly interested
not at all interested

2. Have you heard about this concept before in Bangladesh?

a) yes

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b) no

c) maybe

11%
31%

yes
no
58% may be

3. Do you think this product will work out?

a) yes

b) no

c) may be

6%
23%

yes
no
71%
may be

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4. Do you think this product can reduce our time?

a) Yes b) No

9%

yes
no
91%

5. Which feature of this product do you think is making it user friendly?

a) Counter sensors for each coin b) Powerful vibrator motor

c) No needed

10%
Counter Sensor for each
20% coin
Powerful vibretor motor
70%
No needed

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6. How much difference do you think this product will make comparatively with the

traditional manual procedure ?

a) excellent

b) good

c) not so good

6%

39% excellent
good
not so good
55%

7. Which material do you recommend for the body of the machine?

a) stainless steel

b) sheet metal

c) aluminium

d) wood

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 10%
10% 30%
stainless steel
steel
aluminium
50% wood

08. Do you think we should add more feature in this product?

a) yes

b) no

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 25%

yes
no
75%

09. Do you expect warranty of this product?

a) yes

b) no

c) maybe

16%

15%
yes
no
69%
may be

10. How much acceptance this product will get on the basis of its advantages?

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a) More than manual c) Less than manual

b) Same as manual

11. What would be your ideal weight for this product?

a) 5 kg

b) 10 kg

c) 8 kg

d) more than 10 kg

5 kg 10 kg 8 kg More than 10 kg

10%
10% 30%

50%

12. What would be your ideal budget?

a) 6000-8000

b) 8000-10000

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c) 10000-12000

d) more than 12000

6000-8000 8000-10000 10000-12000 more than 12000

8% 17%

25%
50%

Findings

It’s mainly made for time saving & reducing physical effort & increase efficiency.
It can be produced manually. It doesn’t need specific industry to get produced. So,it doesn’t have
any specific industry.

Its completely a new product that is a modified idea of previous version with new features and
advance technological system. So, it doesn’t have any specific patents.

An automatic coin collector machine can perform like as a man with no mistakes.

Manually counting coin everyday can be tiresome and boring task but this machine can save

many time.

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