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How will you manage operations processes of your firm by introducing robots in place of human and then achieving customer demands with less financial burden?
At one level, this seems a classic example of a tradeoff between a manual and an automated process. Thestandard argument would suggest that the bigger youare the easier it is to justify labor-saving automation.Put more bluntly, entrepreneurs should love robots.But they don't.
What are the major priorities associations with operations strategy?
The four major imperatives are cost, quality, delivery, and flexibility. In the sixties, these four imperatives were viewed from a tradeoff's perspective. For example, this meant that improving quality would result in higher cost. However, more recent thought posits that these four imperatives can improve simultaneously, and in many industries may be necessary for success. The problem then becomes one of prioritizing and managing towards orderly improvement.By Adriana Sánchez Pérez-UPZ
A decision matrix is a useful tool when applying the tradeoff study process to analyze alternatives?
A decision matrix is an effective tool for evaluating and comparing multiple alternatives by systematically scoring them against predefined criteria. It allows decision-makers to visually assess trade-offs and prioritize options based on their relative importance. By quantifying subjective judgments, the matrix facilitates clearer decision-making and helps ensure that all relevant factors are considered. This structured approach ultimately aids in selecting the most suitable alternative in complex scenarios.
What are tradeoffs of the airplane?
pollution is a tradeoff of airplanes
What happens to choices in a tradeoff?
if goes siko
Why is the aswan high dam an example of a tradeoff?
The dam was sorely needed to provide power for the area, but to get that, a lot of people were displaced and their homes covered with water behind the dam. This was the tradeoff. Some might say that it was not really an equal, or balanced tradeoff, and others would say it was.
Why is the Aswan high dam an example of tradeoff?
The dam was sorely needed to provide power for the area, but to get that, a lot of people were displaced and their homes covered with water behind the dam. This was the tradeoff. Some might say that it was not really an equal, or balanced tradeoff, and others would say it was.
What are the release dates for Rachael Ray - 2006 First-Ever Tradeoff - 1.51?
Rachael Ray - 2006 First-Ever Tradeoff - 1.51 was released on: USA: 27 November 2006
What is Price Performance Tradeoff?
The Price Performance Tradeoff refers to the relationship between the price of a product or service and its performance or quality. Generally, higher-priced items tend to offer better performance or features, while lower-priced options may compromise on quality. This tradeoff requires consumers to balance their budget constraints with their performance needs, ultimately influencing their purchasing decisions. Understanding this tradeoff helps businesses position their products effectively in the market.
Difference between opportunity cost and a tradeoff?
Opportunity cost is that amount which is to forego by adapting different mutual exclusive investing opportunities while tradeoff value is the exchange value of old asset while purchasing same new asset.
Why does society face a tradeoff if it accumulates more capital?
In the short run, fewer consumption goods are available
In order for Ireland to grow more potatoes wool production must decrease This situation is an example of?
a tradeoff
Is the statement 'Society faces a short-run tradeoff between inflation and unemployment' positive or normative?
positive
Is there a tradeoff between unemployment and inflation when the aggregate demand in an economy increases?
Yes, there is a tradeoff between unemployment and inflation when aggregate demand in an economy increases. As demand rises, businesses may need to hire more workers to meet the increased demand, leading to lower unemployment rates. However, if demand grows too quickly, it can also lead to inflation as businesses raise prices to match the higher demand. This tradeoff is known as the Phillips curve relationship.
What is a tradeoff associated with the discovery of a manufacturing process that makes the production of disposable plastic water bottles cheaper?
bottles
