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On the basis of analyzing the drawbacks of the existing concurrent engineering (CE), a new concept of agile concurrent engineering (ACE) characterized by the agile teams is presented. The organization method of the agile teams is discussed. The implementation and quantitative process modeling problems of ACE are dealt with. Contrasted with the existent CE, ACE puts the problems of resource sharing into special consideration. Its realization requires as little reform of the current organizational structures of enterprises as possible. ACE is more applicable to the product development in firms, especially in medium‐sized or small companies.
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