Define economy of scope and economy of scale

Assignment Help Operation Management
Reference no: EM131466875

1. Define: "Economy of Scope" and "Economy of Scale", and list their pre-requisites. Name the manufacturing system type that is best suited to achieve each of these 2 objectives and provide reasons.

2. Define and identify the difference(s) between:

i. Flexible Automation & Programmable Automation

ii. Lean, Agile and Flexible Manufacturing Systems

iii. Product Family & Product Platform

Reference no: EM131466875

Questions Cloud

Briefly explain how a tcp connection starts : COIT20262 - Advanced Network Security- Briefly explain how a TCP connection starts (or opens), and how it completes (or closes), using the 1st TCP connection
Critique of two project management planning tools : Comprehensive Critique of two project management planning tools - analysis and critique of the two tools
Research on challenges of accounting in global organizations : Topic of the research - Challenges of Accounting in Global Organizations. written research proposal that is based on the literature review
What is minimal inventory cost-use optimal order quantity : What is the total minimal inventory cost that will be incurred as a result of using the optimal order quantity?
Define economy of scope and economy of scale : Define: "Economy of Scope" and "Economy of Scale", and list their pre-requisites.
Develop a comprehensive plan to address the conflict : Develop a comprehensive plan to address the conflict documented in the Wells Fargo Advisors' article from a team leadership perspective.
Most organizations post the position-review resumes : Most organizations post the position, review resumes, make a cut or not and then set up interviews.
For a home and community based intervention family : For a home and community based intervention family and social service program that deals with the reunification of families.
Draw on your knowledge of pr theory : How the company should have handled the issue from a PR perspective. Your answer should draw on your knowledge of PR theory, practical considerations, and your own creativity.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd